Please contact Assupol Life Group Schemes for tailor-made co-branded products and group quotations.
Assupol Life Employee Plan
The Assupol Life Employee Plan provides business owners/corporates with a means to offer risk cover to their employees. It provides a solution to business with smaller workforces where it is not always feasible to provide extensive employee benefits, but often the owner is still expected to take care of funeral costs or the surviving family.
Benefits Offered
The table below summarises the benefits offered by the plan:
| Type of cover | Benefit | Underwriter | |||||
|---|---|---|---|---|---|---|---|
| Single | Family | ||||||
| Funeral Benefit | PLAN A | PLAN D | PLAN B | PLAN E | PLAN C | PLAN F | Assupol Life |
| Main Member | R5 000 | R7 500 | R10 000 | R5 000 | R7 500 | R10 000 | |
| Spouse | - | - | - | R5 000 | R7 500 | R10 000 | |
| Children 14-21 years | - | - | - | R5 000 | R5 000 | R5 000 | |
| Children 6 - 13 years | - | - | - | R3 500 | R3 500 | R3 500 | |
| Children 1 - 5 years | - | - | - | R2 500 | R2 500 | R2 500 | |
| Stillborn - 11 months | - | - | - | R1 250 | R1 250 | R1 250 | |
| Accidental Death Benefit | R12 500 should the Employee die as a result of an accident. (R25 000 should the accident occur while travelling with public transport.) | R12 500 should the Employee die as a result of an accident. (R25 000 should the accident occur while travelling with public transport.) | Compass Insurance Co. | ||||
| Premium Waiver Benefit | Premium will be waived for 6 months if the employee is retrenched. | Assupol Life | |||||
| Premium Bridging Benefit | None | On the death of the Employee, cover for spouse and children will continue for 24 months. | Assupol Life | ||||
| HIV Care Benefit |
|
Lifesense via International SOS | |||||
| Assupol On-Call |
|
International SOS | |||||
| Premium | R 35.00 | R 37.00 | R 39.00 | R 45.00 | R 50.00 | R 55.00 | |
| Re-employment benefit | R 5.00 | R 5.00 | R 5.00 | R 5.00 | R 5.00 | R 5.00 | Assupol Life |
| Total Premium | R 40.00 | R 42.00 | R 44.00 | R 50.00 | R 55.00 | R 60.00 | |
The benefits listed above are available at the premium stated at the bottom of the table, depending on the chosen plan. Benefit details are stipulated in the brochure and further details are available from Assupol Life. No proof of health is required but waiting periods are applicable. Funeral benefits will be payable within 48 hours, after all necessary documentation has been received. Additional dependent children can be added at an additional R1.50 per child per month, from the 6th child.
Funeral Benefit
- The single member funeral benefit is available for a Main Member only.
- The family funeral benefit covers Main Member, 1 Spouse and 5 Dependent Children under the age of 21 years or 25 years if a full-time registered student.
- Maximum entry age for any Member is 65 years next birthday.
Accidental Death Benefit
In the event of the accidental death of an assured life covered under this plan, the following assured amounts will be payable:
- R12 500 for Main Member / Spouse
- R 5 000 per Child
- R37 500 maximum sum assured per Family involved in the same accident.
If the accident occurs whilst an assured life is travelling with public transport, i.e. taxi, bus or train, then the assured amounts will be doubled as follows:
- R25 000 for Main Member / Spouse
- R10 000 per Child
- R75 000 maximum sum assured per Family involved in the same accident.
This benefit does not include cover for persons younger than 6 (six) months or who have reached or exceeded the age of 70 (seventy) years.
Accidental Permanent Disability Benefit
Should any one of the assured lives become permanently disabled as a direct result of an accident, a percentage of the sum assured will be payable. Here are a few examples of the percentages payable:
- Loss of hand : 100 %
- Loss of four fingers of one hand : 40 %
- Loss of sight of eye : 100 %
- Loss of foot : 100 %
- Loss of hearing of both ears : 75 %
- Loss of hearing of one ear : 15 %
Premium Waiver / Bridging Benefits
In the event of the death of the Main Member, the monthly premium will be paid for 24 months from the date of the death of the Main Member. This benefit is only applicable to the Family Funeral Benefit. In the event of the forced retrenchment of the Main Member, the monthly premium will be waived for 6 months from the date of retrenchment.
HIV Care Benefit
- 24 hour, 365 days per year communication centre for HIV/AIDS information and advice.
- 24 hour, 365 days per year communication centre for HIV/AIDS counselling.
- Telephonic trauma counselling for HIV and Rape incidents.
- Two consultations for rape, trauma or potential exposure cases, at an appropriate provider recommended by the communication centre.
- Two blood tests for rape, trauma or potential exposure cases. One immediately on potential infection and a second 3 months later to check sero-conversion.
- Anti-retroviral or prophylactic therapy will be provided to prevent sero-conversion for a period not exceeding 28 days.
- If required, registration only, into a management programme as recommended by the communication centre.
Waiting Periods
The following waiting periods in respect of the Family Funeral Benefit, Premium Bridging Benefit and Premium Waiver Benefit are applicable:
- in the event of death, other than the Accidental Death of an Assured Life, a waiting period of 3 months from the inception date of the policy shall be applicable in respect of the full payment of benefits.
- insurance cover will not be granted and benefits will not be payable in the event of the death of the Assured Life resulting directly or indirectly from, or which is attributable to suicide or attempted suicide, during the first 24 months from the inception date, notwithstanding such suicide or attempted suicide being the result of the insanity (temporary or permanent), mental illness, the influence of drugs or intoxication of the Assured Life.
- cover is provided under the Accidental Death and Disability Benefits, HIV Care Benefit and Assupol On-Call Benefit after the first premium has been received by Assupol Life.