TAILOR-MADE BENEFIT OPTIONS
TAILOR-MADE BENEFIT OPTIONS FOR LARGE EMPLOYERS WITH MORE THAN 40 MEMBERS.
TAILOR-MADE GROUP RISK BENEFIT OPTIONS TO CHOOSE FROM:
LUMP SUM DEATH AND DISABILITY BENEFITS
DEATH AND DISABILITY BENEFIT
OPTIONS
OPTION 1
OPTION 2
OPTION 3
OPTION 4
BENEFIT
1x ANUAL SALARY
2x ANUAL SALARY
3x ANUAL SALARY
4x ANUAL SALARY
COST AS % OF SALARY
1.05%
2.10%
3.15%
4.20%
ACCIDENT INSURANCE RATES
ACCIDENT/BODILY LOSS INSURANCE BENEFIT
OPTIONS
OPTION 1
OPTION 2
OPTION 3
OPTION 4
BENEFIT
1x ANUAL SALARY
2x ANUAL SALARY
3x ANUAL SALARY
4x ANUAL SALARY
COST AS % OF SALARY
0.19%
0.38%
0.56%
0.75%
TEMPORARY INCOME DISABILITY INSURANCE
TEMPORARY INCOME DISABILITY INSURANCE
BENEFIT
75% OF PENSIONABLE SALARY
PENSIONS FOR 6 MONTHS
1 MONTH WAITING PERIOD
COST AS % OF SALARY
0.20%
0.20%
0.20%
Tailored Group Funeral benefits to suit the employer’s needs.
Tariffs for 2020/2021
Funeral
Employee
Spouse
Child 14 and over but younger than 21 years
Child 6 - 13 YearsStillborn Child* - 5 Years
BENEFIT
R13 500
R13 500
R13 500
R6 750
R3 375
Rate Excluding paid up benefits
R19.80
R19.80
R19.80
R19.80
R19.80
Rate Including paid up benefits
R21.78
R21.78
R21.78
R21.78
R21.78
*Stillborn Child: Means a child that has had at least 26 weeks of intra-uterine existence but showed no sign of life after complete birth.
Funeral
Employee
Spouse
Child 14 and over but younger than 21 years
Child 6 - 13 YearsStillborn Child* - 5 Years
BENEFIT
R20 000
R20 000
R20 000
R10 000
R5 000
Rate Excluding paid up benefits
R19.80
R19.80
R19.80
R19.80
R19.80
Rate Including paid up benefits
R21.78
R21.78
R21.78
R21.78
R21.78
*Stillborn Child: Means a child that has had at least 26 weeks of intra-uterine existence but showed no sign of life after complete birth.
Funeral
Employee
Spouse
Child 14 and over but younger than 21 years
Child 6 - 13 YearsStillborn Child* - 5 Years
BENEFIT
R29 000
R29 000
R29 000
R14 500
R7 250
Rate Excluding paid up benefits
R39.60
R39.60
R39.60
R39.60
R39.60
Rate Including paid up benefits
R43.56
R43.56
R43.56
R43.56
R43.56
*Stillborn Child: Means a child that has had at least 26 weeks of intra-uterine existence but showed no sign of life after complete birth.
Funeral
Employee
Spouse
Child 14 and over but younger than 21 years
Child 6 - 13 YearsStillborn Child* - 5 Years
BENEFIT
R35 000
R35 000
R35 000
R17 500
R8 750
Rate Excluding paid up benefits
R49,50
R49,50
R49,50
R49,50
R49,50
Rate Including paid up benefits
R54,45
R54,45
R54,45
R54,45
R54,45
*Stillborn Child: Means a child that has had at least 26 weeks of intra-uterine existence but showed no sign of life after complete birth.
Funeral
Employee
Spouse
Child 14 and over but younger than 21 years
Child 6 - 13 YearsStillborn Child* - 5 Years
BENEFIT
R50 000
R50 000
R50 000
R25 000
R12 500
Rate Excluding paid up benefits
R71,50
R71,50
R71,50
R71,50
R71,50
Rate Including paid up benefits
R78,65
R78,65
R78,65
R78,65
R78,65
*Stillborn Child: Means a child that has had at least 26 weeks of intra-uterine existence but showed no sign of life after complete birth.