LIFE
INVEST
HEALTH
EMPLOYEE BENEFITS
BUSINESS ASSURANCE
SHORT TERM INSURANCE
ESTATE PLANNING
EMPLOYEE BENEFITS
Employees are a business' greatest asset. By offering employee benefits, employers not only recognise the value of their staff but also make help their future more secure. Employee Benefits is a form of non-wage compensation that a company provides over-and-above an employee's salary. These benefits include retirement, life insurance and healthcare benefits.
BENEFITS
Healthcare Benefits
Healthcare benefits for employees is a crucial component of employee benefits packages as it is an investment in the health, satisfaction, and overall success of the workforce. The medical aid benefits offered by employees benefits insurance can vary based on and the chosen insurance provider and plans, including cove limits, network restrictions, and any co-payments or deductibles,
Retirement Benefits
Retirement benefits are established by an employer and involve regular contributions from both the employer and employees. When employees retire, they must take one-third of the benefit as a lump sum payment, while the remaining two-thirds are used for purchasing a living or life annuity that provides a monthly income. Two common types of retirement benefits include pension funds and provident funds.
Group Risk Benefits
Group risk benefits are a valuable component of an employer's overall benefits package. Employers offer group risk benefits to provide insurance coverage to their employees and their families in case of death or long-term illness while they are employed with the company. These benefits typically include life cover, dread disease, disability cover, education benefits for employees' children, and funeral cover.