STANDARD OPTIONS: WAGES
BENEFIT STRUCTURES FOR SMALLER EMPLOYERS WITH LESS THAN 30 MEMBERS
FIXED BENEFIT PLANS TO CHOOSE FROM:
Plan
CONTRIBUTION
DEATH COVER
DEATH COVER
CAPITAL DISABILITY COVER
CAPITAL DISABILITY COVER
ACCIDENTAL DEATH/BODILY LOSS COVER
ACCIDENTAL DEATH/BODILY LOSS COVER
ADMINISTRATION FEE
ADMINISTRATION FEE
LESS TOTAL COST
NET CONTRIBUTION
% OF CONTRIBUTION
Cover
Premium
Cover
Premium
Cover
Premium
Member fee
Consultation fee
PLAN A
R160.00
R0.00
R0.00
R0.00
R0.00
R0.00
R0.00
R18.83
R9.20
R28.03
R131.97
82.48%
PLAN 1
R160.00
R20,000.00
R22.00
R0.00
R0.00
R20,000.00
R6.00
R18.83
R9.20
R56.03
R103.97
64.97%
PLAN 2
R206.00
R30,000.00
R33.00
R0.00
R0.00
R30,000.00
R9.00
R18.83
R11.85
R72.68
R133.32
64.72%
PLAN 3
R246.00
R40,000.00
R44.00
R40,000.00
R14.40
R40,000.00
R12.00
R18.83
R14.15
R103.38
R142.62
57.98%
PLAN 4
R412.00
R50,000.00
R55.00
R50,000.00
R18.00
R50,000.00
R15.00
R18.83
R23.69
R130.52
R281.48
68.32%