Life and disability cover options
● Employer pays the premiums and can sign up in five minutes.
● Employee answers health, hospital and disability questions sent via a link to her cellphone or in a call from Simply.
● Typical policy provides R150,000 life cover, R200,000 disability cover and R30,000 funeral cover.
● The cost for this level of cover for a 25year-old woman is R76 a month.
● A cash-back option paying 50% of the premiums back after every five years is available at an additional, but increases premiums by about 40%.
● Your domestic worker must have been employed for at least six months and must be a South African, and the premiums must be paid by you, the employer.
Underwritten by Old Mutual Alternative
● Risk Transfer..
Simply group life for SMMEs
● Employer signs up in 15 minutes entering names, gender, income and age of employees or uploading a spreadsheet.
● The premiums depend on this information, the location of your small business — which is used to determine factors such as HIV prevalence — and the industry.
● Free cover – cover without a medical test — is up to R500,000 per life in groups of up to 50, R1m per life in larger employee groups.
● Cover can be customised and live quotes generated.
MadeSure
● R1,000 hospital cash benefit for up to 14 days for accidental injury.
● Emergency medical transportation and care from ER24 up to R100,000
● Rehabilitation benefit covering 80% of training for another job, up to R75,000.
● R50,000 permanent disability benefit. R150,000 for wheelchair and prosthetics.
● ● R200 a day childcare on the disability of your employee, her spouse or child for 28 days.
● R1,000 a week income protection for up to 13 weeks for severe illness.
● Trauma counselling benefit of up to R25,000.
● R50,000 funeral benefit on accidental death and R18,000 for death from any cause.
● R35,000 for body repatriation.
● Costs R95 a month, or R195 a month with R200 a month in airtime.
● Underwritten by Guardrisk.
● Online application.
Yambu domestic care policy
● Offers R30,000 life cover, R30,000 disability cover, an R8,000 maternity benefit and R6,000 for temporary disability after an accident in the home.
● Cost is R149 a month.
● Underwritten by Constantia Life.
● Online application.
MobiLife
● Individual or employer can take this out in three minutes online.
● You need the name and age of your employee.
● The certificate of insurance or policy document is sent via SMS or e-mail.
● You will be offered three options costing around R50, R100 or R150 a month with the cover amounts depending on your employee’s age and gender.
● Funeral cover is paid as a lump sum.
● Foodsurance recurring death benefit is paid as a food voucher at Shoprite or Pick n Pay or as cash.
● A 30-year-old woman would pay R50 a month to ensure her family would receive R500 a week for six months after her death, R89 a month for her family to receive R250 a week for two years or R130 a month for R250 a week for three years.
● Underwritten by Guardrisk.