Why you need to provide funeral cover for your employees
Group funeral cover holds significant importance for employees as it provides essential financial support and peace of mind during difficult times. Here are key reasons why group funeral cover is important for employees:
Financial Relief: Group funeral cover ensures that employees and their families are financially prepared to handle the costs associated with funerals and burials. It provides a lump-sum benefit that can cover funeral expenses, such as caskets, burial plots, memorial services, transportation, and other related costs. This financial relief helps alleviate the financial burden that grieving families may face.
Immediate Access to Funds: In the event of a sudden loss, group funeral cover provides quick access to funds. This allows families to make prompt arrangements and payments without worrying about immediate out-of-pocket expenses. The streamlined claims process associated with group funeral cover ensures a smooth and efficient experience during a challenging time.
Support for Loved Ones: Group funeral cover provides support not only to employees but also to their loved ones. It ensures that families can give their loved ones a dignified and respectful farewell, honoring their memory without the added stress of financial strain. This support helps ease the emotional burden and allows families to focus on grieving and healing.
Inclusive Cover: Group funeral cover often extends to cover employees' immediate family members, such as spouses and dependent children. This comprehensive coverage ensures that the entire family is protected, regardless of their individual health conditions. It offers a sense of security and comfort, knowing that the well-being of the entire family is considered.
Employee Well-being and Loyalty: Offering group funeral cover demonstrates an employer's commitment to the well-being of their employees and their families. It contributes to a supportive work environment that values and cares for its workforce. Providing this benefit can enhance employee loyalty, satisfaction, and overall morale within the organisation.
Financial Relief: Group funeral cover ensures that employees and their families are financially prepared to handle the costs associated with funerals and burials. It provides a lump-sum benefit that can cover funeral expenses, such as caskets, burial plots, memorial services, transportation, and other related costs. This financial relief helps alleviate the financial burden that grieving families may face.
Immediate Access to Funds: In the event of a sudden loss, group funeral cover provides quick access to funds. This allows families to make prompt arrangements and payments without worrying about immediate out-of-pocket expenses. The streamlined claims process associated with group funeral cover ensures a smooth and efficient experience during a challenging time.
Support for Loved Ones: Group funeral cover provides support not only to employees but also to their loved ones. It ensures that families can give their loved ones a dignified and respectful farewell, honoring their memory without the added stress of financial strain. This support helps ease the emotional burden and allows families to focus on grieving and healing.
Inclusive Cover: Group funeral cover often extends to cover employees' immediate family members, such as spouses and dependent children. This comprehensive coverage ensures that the entire family is protected, regardless of their individual health conditions. It offers a sense of security and comfort, knowing that the well-being of the entire family is considered.
Employee Well-being and Loyalty: Offering group funeral cover demonstrates an employer's commitment to the well-being of their employees and their families. It contributes to a supportive work environment that values and cares for its workforce. Providing this benefit can enhance employee loyalty, satisfaction, and overall morale within the organisation.
In summary, group funeral cover is important for employees as it provides financial relief, immediate access to funds, support for loved ones, inclusive cover, and enhances employee well-being and loyalty. By offering this benefit, employers show empathy and support during a challenging time, fostering a positive and caring work culture.
What we offer
This basic funeral policy assists employees with funeral expense cover that ranges from M10 000 to M50 000, depending on the cover chosen. This benefit is funeral cover for small, medium, or large companies’ employees and their immediate families, with the added benefit that no underwriting is required for this cover.
The following benefits can be included at an additional cost:
- Repatriation benefits up to M20,000
- Parents cover not exceeding 50% of the main life cover benefit
- Grocery benefit on the death of the main member
- Tombstone benefit on the death of the main member
- Cow benefit for main member and children.
Additional Resources
Beneficiary Nomination Form
Employer Application Form
Group Funeral Registration Form
Know Your Customer Form