Employee Protection Plan
Invest in the health, well-being and families of the people who are crucial to the success of your business.
Some of the benefits
Death and disability
Your employees can be covered for up to R100 000 for death and disability
Funeral cover
Your employees, spouse (if married) and up to five children are also covered for Funeral Benefit of up to R15 000 to manage funeral expenses
Monthly expenses
Each person covered on the policy also qualifies for R1 000 per month for three months following payment of a qualifying funeral claim
Additional benefits
Benefits include emergency medical advice and assistance, trauma counselling and funeral assistance.
Benefits provided to employer
- The cover allows the employer the means to assist their employee at a time of financial need due to death or disability
- Free the business of potential unforeseen financial obligations associated with funding employees at a time of need
- Provide a simple, low cost reduced administration solution for the employer to provide a formalized scheme for their staff (employees)
- Offered as and forms part of the employee benefits program
| PLAN A | PLAN B | PLAN C | ||
| Death benefit (Employee) |
R30 000,00 | R50 000,00 | R100 000,00 | |
| Total and permanent disability benefit (Employee) | R30 000,00 | R50 000,00 | R100 000,00 | |
| Funeral Benefit (Employee +Immediate family) | R15 000,00 | |||
| Additional Monthly Funeral benefit | R1000 X3 | |||
|
Companies with 5+ employees |
Premium per employee |
R107 |
R148 |
R243 |
| Minimum premium applicable |
R535 |
R740 |
R1 215 |
|
| Companies with 4+ employees | Premium per employee |
R118 |
R166 |
R272 |
| Minimum premium applicable |
R472 |
R664 |
R1 088 |
|
|
Companies with 3+ employees |
Premium per employee |
R148 |
R207 |
R337 |
| Minimum premium applicable | R444 | R621 | R1 011 | |
Watch video
Product Fact Sheet
Underwritten by Liberty Group
*The company cannot be the beneficiary for this policy
How to claim
Death Claims
- Certified B15 (Death Certificate)
- Certified ID
- BI1663 (Notification of death)
- Beneficiary certified ID and banking details
Unnatural Death
- Police/ Accident Report
- Post mortem report
- Toxicology report depending on the circumstances around the accident
- Certified B15 (Death Certificate)
- BI1663 (Notification of death)
Disability Claims
- Certified ID
- Personal statement for disability claim form
- Medical certificate for disability
- Employers declaration
- Boarding letter
- Boarding report
Additional documents may be requested upon claim assessment
FAQ
Frequently asked questions
What happens when I leave my current employer and still want to continue with the scheme?
- Your new employer will need to take the scheme for his/her employees and if this takes place within two months of your leaving the previous employer, there will be no waiting period applied.
- You can take out the FuneralPlan for yourself by calling our call centre on telephone 0860 123 999 and they will gladly assist you
Am I able to change my spouse or beneficiary details in future?
Yes, you can change your spouse or beneficiary details should you choose to. Please note that only one spouse is allowed per main insured. A new 6 months waiting period will apply for the new added spouse. The beneficiary can also be changed at a later stage should the need arise.
To whom are the benefits paid?
- The benefit for disability is paid to the policyholder
- The benefit for death and funeral is paid to the nominated beneficiary
- The beneficiary must be a natural person from ages 18 years
What happens if I relocate or move to another country, does the policy still cover?
If you relocate due to work and if you are still a South African resident and employed by the same employer, then you can keep it. If you relocate and take up citizenship of another country- and are no longer employed by the same South African employer, it is not possible to continue with the policy because the policy covers people permanently residing within the borders of South Africa.
What other benefits do I get from this policy as an employee?
In addition to the cash benefits, you also receive assistance with body repatriation, lifestyle advice on matters such as obesity, diabetes, immunization and epilepsy. You also get help with Trauma counselling for traumatic incidents.
How many children are covered under this policy?
Maximum of five children are covered under the Family Funeral Plan benefit.
Can my employer upgrade our policies to a higher benefit in the future?
Yes, your employer is able to upgrade the scheme and plan originally selected with a new higher benefits plan or even downgrade to a lower plan. Please note that the entire scheme has to be upgraded or downgraded. If the migration is to higher benefits, there will be additional waiting period to the difference in benefits from old to new. If the migration is to lower, there will be no additional waiting period.
How will my family know how to claim in the event of my death? Your family can approach the nearest Standard Bank branch with your ID or call our call centre for assistance on 0860 123 999, or approach your employer.
-
Benefits provided to employer
-
How to claim
-
FAQ
- The cover allows the employer the means to assist their employee at a time of financial need due to death or disability
- Free the business of potential unforeseen financial obligations associated with funding employees at a time of need
- Provide a simple, low cost reduced administration solution for the employer to provide a formalized scheme for their staff (employees)
- Offered as and forms part of the employee benefits program
| PLAN A | PLAN B | PLAN C | ||
| Death benefit (Employee) |
R30 000,00 | R50 000,00 | R100 000,00 | |
| Total and permanent disability benefit (Employee) | R30 000,00 | R50 000,00 | R100 000,00 | |
| Funeral Benefit (Employee +Immediate family) | R15 000,00 | |||
| Additional Monthly Funeral benefit | R1000 X3 | |||
|
Companies with 5+ employees |
Premium per employee |
R107 |
R148 |
R243 |
| Minimum premium applicable |
R535 |
R740 |
R1 215 |
|
| Companies with 4+ employees | Premium per employee |
R118 |
R166 |
R272 |
| Minimum premium applicable |
R472 |
R664 |
R1 088 |
|
|
Companies with 3+ employees |
Premium per employee |
R148 |
R207 |
R337 |
| Minimum premium applicable | R444 | R621 | R1 011 | |
Watch video
Product Fact Sheet
Underwritten by Liberty Group
*The company cannot be the beneficiary for this policy
Death Claims
- Certified B15 (Death Certificate)
- Certified ID
- BI1663 (Notification of death)
- Beneficiary certified ID and banking details
Unnatural Death
- Police/ Accident Report
- Post mortem report
- Toxicology report depending on the circumstances around the accident
- Certified B15 (Death Certificate)
- BI1663 (Notification of death)
Disability Claims
- Certified ID
- Personal statement for disability claim form
- Medical certificate for disability
- Employers declaration
- Boarding letter
- Boarding report
Additional documents may be requested upon claim assessment
Frequently asked questions
What happens when I leave my current employer and still want to continue with the scheme?
- Your new employer will need to take the scheme for his/her employees and if this takes place within two months of your leaving the previous employer, there will be no waiting period applied.
- You can take out the FuneralPlan for yourself by calling our call centre on telephone 0860 123 999 and they will gladly assist you
Am I able to change my spouse or beneficiary details in future?
Yes, you can change your spouse or beneficiary details should you choose to. Please note that only one spouse is allowed per main insured. A new 6 months waiting period will apply for the new added spouse. The beneficiary can also be changed at a later stage should the need arise.
To whom are the benefits paid?
- The benefit for disability is paid to the policyholder
- The benefit for death and funeral is paid to the nominated beneficiary
- The beneficiary must be a natural person from ages 18 years
What happens if I relocate or move to another country, does the policy still cover?
If you relocate due to work and if you are still a South African resident and employed by the same employer, then you can keep it. If you relocate and take up citizenship of another country- and are no longer employed by the same South African employer, it is not possible to continue with the policy because the policy covers people permanently residing within the borders of South Africa.
What other benefits do I get from this policy as an employee?
In addition to the cash benefits, you also receive assistance with body repatriation, lifestyle advice on matters such as obesity, diabetes, immunization and epilepsy. You also get help with Trauma counselling for traumatic incidents.
How many children are covered under this policy?
Maximum of five children are covered under the Family Funeral Plan benefit.
Can my employer upgrade our policies to a higher benefit in the future?
Yes, your employer is able to upgrade the scheme and plan originally selected with a new higher benefits plan or even downgrade to a lower plan. Please note that the entire scheme has to be upgraded or downgraded. If the migration is to higher benefits, there will be additional waiting period to the difference in benefits from old to new. If the migration is to lower, there will be no additional waiting period.
How will my family know how to claim in the event of my death? Your family can approach the nearest Standard Bank branch with your ID or call our call centre for assistance on 0860 123 999, or approach your employer.