Pension and Provident Funds
Pension and Provident Funds are retirement funds designed to provide a simple, transparent, flexible, and cost-effective solution for your employees’ retirement savings. The key advantages include simplified administration, personalised service, relief from governance responsibilities and value for money. However, it’s important to note that these funds typically offer a curated selection of investment portfolios to choose from, and the growth of investments depends on the performance of the selected underlying investment portfolio(s).
Group
Risk Cover
Group Risk, such as group life insurance benefits, offers vital financial protection to both employees and their beneficiaries. It serves to mitigate the impact of unforeseen life-altering events, such as critical illness, disability, or death, which could otherwise result in a loss of income.
By providing this coverage, you help your employees prepare for unexpected life events and safeguard their families from the financial burdens that may arise when they are no longer able to earn an income.
Group
Medical Aid
Group Medical Aid offers comprehensive and customised healthcare solutions for employers and employees in South Africa. These medical aid solutions ensure that your employees have access to a range of healthcare benefits, including coverage for private hospitals and day-to-day medical expenses.
Buy and Sell Insurance
Buy and Sell Cover, also known as buy and sell assurance, is a type of long-term insurance designed for business partners. It provides financial protection in the event of death, disability, or critical illness, depending on the specific circumstances that partners wish to insure against. This cover ensures that business partners are prepared for unexpected events and helps facilitate a smooth transition of ownership in such situations.
Contingent Liability Insurance
Contingent Liability Insurance offers protection for a company’s potential liabilities in the event of the owner or director passing away before any outstanding debt, for which they have provided a suretyship, is fully paid off. This insurance ensures that the company is safeguarded in such circumstances, providing financial security and peace of mind.