Life cover benefit provides a lump sum or income benefit payment to your family or beneficiaries in the event of your death. This financial benefit provides funds or income needed for housing, transport, debt, loans, executor fees, estate duty, income taxes, CGT and monthly income for families and dependents.
Capital Disability benefit protects against the risk of becoming permanently unable to perform the duties of your chosen or possibly a similar occupation.
Disability income cover pays out monthly income payments if an accident or illness means you can no longer work, protecting both your finances and your family needs.
Impairment provides you with a lump sum benefit to cover the loss of your ability to earn income should you suffer from an impairment that is covered under this benefit. Impairment refers to the loss of function in any part of the body, whether it is physical or mental.
Critical illness benefits covers the risk of being burdened with the cost of surviving and recuperating from some form of critical illness or unexpected traumatic event.
Funeral Benefit provides you and your family with the peace of mind that a payment towards funeral costs will be made in the event of a death in your family. Payment of this benefit normally are normally actioned in 48 hours after receipt of the death certificate.
WHY ITS IMPORTANT
- additional protection in the event of unanticipated events.
- disabled due to an accident or disease, disability insurance will provide financial security if you are unable to work for a period of time or permanently.
(a) death.
(b) becoming incapacitated or disabled so as to entitle Employee to benefits under the Company's long-term disability plan; or
(c) becoming permanently and totally unable to perform Employee's duties for the Company as a result of any physical or mental impairment supported
Types of disabilities
(a.) natural,
(b.) accident,
(c.) suicide,
(d.) homicide,
(e.) undetermined, and
(f.) pending.
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