Disability Cover
Protect Your Employee’s Income and Future with Disability Insurance Benefits
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Why You Need Disability Benefits
Disability insurance cover holds significant importance for employees as it offers crucial protection and financial support in the face of unexpected disabilities. Here are key reasons why disability insurance cover is important for employees:
At Alliance Employee Benefits, we pay what we promise, and we will make sure that your life continues and that your bills can be paid if you become temporarily or permanently disabled.
Capital Disability
A lump sum amount is paid, linked to the member’s annual salary in the event of permanent and total disability Total permanent disability is the total inability to perform your occupation or any other occupation the employee may be suited for due to their education, knowledge, experience, training, and age.
With disability cover, you can get cover for the duration of your life up to retirement or death to help with your living costs and frail care. That would be a great help, wouldn’t it? Imagine, for example, if you were saving for your child’s education but then had to use that money to renovate your home, like fitting wheelchair ramps, to accommodate a disability instead. The financial consequence of not insuring your income against disability passes to the next generation.
A lump sum amount is paid, linked to the member’s annual salary in the event of permanent and total disability Total permanent disability is the total inability to perform your occupation or any other occupation the employee may be suited for due to their education, knowledge, experience, training, and age.
With disability cover, you can get cover for the duration of your life up to retirement or death to help with your living costs and frail care. That would be a great help, wouldn’t it? Imagine, for example, if you were saving for your child’s education but then had to use that money to renovate your home, like fitting wheelchair ramps, to accommodate a disability instead. The financial consequence of not insuring your income against disability passes to the next generation.
Temporary disability benefits
This benefit pays out when an employee becomes temporarily disabled and pays 50% - 100% of an employee’s salary for up to 24 months.You will get a monthly income while you are disabled. Imagine being paid a whole month’s salary if you fractured your arm?
Life is precious, so protect your income-earning ability with disability cover from Alliance Employee Benefits.
This benefit pays out when an employee becomes temporarily disabled and pays 50% - 100% of an employee’s salary for up to 24 months.You will get a monthly income while you are disabled. Imagine being paid a whole month’s salary if you fractured your arm?
Life is precious, so protect your income-earning ability with disability cover from Alliance Employee Benefits.
In summary, disability insurance cover is vital for employees as it offers income replacement, financial security, protects loved ones, provides peace of mind, and supplements existing benefits. By offering disability insurance, employers demonstrate their commitment to the well-being and financial protection of their employees, helping to create a supportive and resilient work environment.
What We Offer
| CAPITAL DISABILITY | PERMANENT HEALTH INSURANCE |
|---|---|
| Covers members against total permanent disability during their period of employment | Covers members against both temporary and permanent disability during their period of employment |
| Covers members against loss of income | Covers members against loss of income |
| Provides once off lump some pay-out | Provides multiple monthly pay-outs |
| Pay-out is a multiple of annual salary | Pay-out is percentage of monthly salary |
| 3 to 12 months waiting period | 3 to 12 months waiting period |
| Cover provided without any medical tests requirements up to a specific level of cover | Cover provided without any medical tests requirements up to a specific level of cover |
| CAPITAL DISABILITY |
|---|
| Covers members against total permanent disability during their period of employment |
| Covers members against loss of income |
| Provides once off lump some pay-out |
| Pay-out is a multiple of annual salary |
| 3 to 12 months waiting period |
| Cover provided without any medical tests requirements up to a specific level of cover |
| PERMANENT HEALTH INSURANCE |
|---|
| Covers members against both temporary and permanent disability during their period of employment |
| Covers members against loss of income |
| Provides multiple monthly pay-outs |
| Pay-out is percentage of monthly salary |
| 3 to 12 months waiting period |
| Cover provided without any medical tests requirements up to a specific level of cover |
COMPARISON BETWEEN CAPITAL DISABILITY BENEFIT AND PERMANENT HEALTH INSURANCE BENEFIT
Additional Resources
Beneficiary Nomination Form
Employer Application Form
Group Funeral Registration Form
Know Your Customer Form