Group Insurance
Ensure Your Employees Are Covered
Group insurance ensures that employees and their families are financially protected in the event of a life‑changing event. Employer‑provided group cover plays an important role in protecting family income and providing financial security through employment benefits.
Group cover may also provide income through pension or provident funds, offering long‑term financial support.
Group Life Cover
Group life cover is structured in various ways, depending on the employer’s agreement with the insurance provider.
Common structures include:
- Life covers equal to one or more times annual salary
- Typically, two or three-times annual salary
This cover:
- Is controlled by the employer
- May include the employer contributing to the monthly premium on behalf of the employee
- Provides valuable financial protection for employees’ families
Pension Funds
When joining a company with a pension fund, the employment contract includes the terms and conditions of that fund.
This includes:
- The portion contributed by the employee
- The portion contributed by the employer
Pension funds are:
- Managed and governed similarly to retirement funds
- Subject to the same rules and withdrawal terms as a retirement annuity
These funds form a critical part of long‑term financial planning for employees.
Speak to Us
We assist employers and employees in understanding and structuring group insurance benefits to ensure financial security and peace of mind. By considering both the employer’s responsibilities and the needs of employees and their families, we help ensure that group cover forms a meaningful part of a broader financial protection strategy.
Contact us today to discuss group insurance solutions that support your workforce while aligning with your business objectives.
Our Insurance Partners
