Funeral Insurance for Employees

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Funeral Insurance Cover for Employees

R 10 000 Family cover from as little as 65c per day

Example

Employee	R10 000
Spouse	R10 000
Child 1 [18yr]	R10 000
Child 2 [16yr]	R10 000
Child 3 [12yr]	R5 000
Child 4 [8yr]	R5 000
Child 5 [4yr]	R2 500
Total value of cover	R52 500,00
Premium (R10 000)	R20,00 per month*
Premium (R5 000)	R10,00 per month*

* The premium is negotiable depending on company's risk profile

Short form for a no obligation quotation:
VOLUNTARY GROUP FUNERAL COVER
COMPULSORY GROUP FUNERAL COVER

Advantages

• No waiting periods apply - employees and their dependants receive immediate cover
• Minimal admin - no application forms - all we require is a monthly updated member / employee schedule (payroll typically)
• No medicals of medical questionnaire - employees must just be actively at work for cover to commence
• Cover amounts available - R5000 to R18000
• We guarantee the payment of valid claims within 24 hours of receipt of all relevant claim documents
• We pay claims 2x per day - accordingly up to 70% of our claims are paid within 5 hours

Two Funeral Group Cover Products:

1. VOLUNTARY GROUP FUNERAL COVER

Introduction

The death of a family member or a loved one is always a sad and traumatic event, even more so if no provision has been made to cover the financial burden which falls on the immediate family. The purpose of the scheme is to provide easy access to funeral insurance so that a dignified funeral can be held.

Product Features

This product was designed primarily for churches,funeral parlors and burial clubs and has the following objectives:

• Affordable premiums
• Easy administration
• Complete peace of mind for participating members

Participation

• Anyone in the age group 14 to 90 years may participate.
• Cover is available to immediate family members, including legally adopted children.
• Extended family members, eg parents or parents-in-law etc, can be included at an additional premium.
• Persons who are not legally married but living together as a family, can enjoy family benefits, provided all relevant information is declared on the application form.
• No restriction is placed on the size of a family.

Premiums

Premiums are payable monthly in advance.

Claims

Valid claims are settled within 24 hours.

2. COMPULSORY GROUP FUNERAL COVER

Introduction

The death of a family member or a loved one is always a sad and traumatic event,even more so if no provision has been made to cover the financial burden which falls on the immediate family. The purpose of the scheme is to provide easy access to funeral insurance so that a dignified funeral can be held.

Product Features

This product offers term cover and is ideal for organizations, corporate's (eg in the agricultural / manufacturing / industrial and construction sectors), unions, clubs etc.

This scheme was designed with the following objectives

• Affordable premiums
• Tax relief if the premium paid by the employer is regarded as a benefit
• Readily available cash for the immediate family / employee without having to approach the employer for a loan.
• Complete peace of mind for participating members

Participation

• All permanent staff members may participate (age group 14 to 66 or to 71 years, depending on retirement age)
• Cover is available to employees and their immediate family members, including legally adopted children.
• Persons who are not legally married but living together as a family, can enjoy family benefits, provided all relevant information is declared on the application form.

Premiums

Premiums are payable monthly in advance.

Claims

Valid Claims are settled within 24 hours.

KGA Assist

An additional optional benefit where services are available 24 hours per day in all 11 official languages which include: Premium per month : R5.00

• Repatriation @ assistance with funeral arrangements
• Legal assistance
• Access Health Line (this is not a medical aid scheme)
• Emergency evacuation

staff loans

An additional optional @ very competitive interest rates (2% per month)

• Emergency Loans, Home improvements loans and Student Loans available
• Easy and hassle free administration

about KGA Life

KGA Life is a registered financial services provider for category A : assistance insurance – FSP No 15980

• Specialists in funeral insurance - our primary business
• Experience - 24 year track record
• Lightning fast settlement of claims
• Service excellence, highly efficient admin system
• Insure around 850,000 lives and growing each year
• Financially stable - basic premium has remained unchanged - shows stability and discipline
• Operate nationally with branches in Centurion, Port Elizabeth, Durban, Bloemfontein, Bellville, Mthatha, East London - Head Office in Bellville

Complete this short form for a no obligation quotation:

VOLUNTARY GROUP FUNERAL COVER
COMPULSORY GROUP FUNERAL COVER

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