The objective of this plan is to insure the obligations of the employer in the unlikely event of an employee's death.
Most conditions of employment as well as tradition require and impose financial obligations on the employer in the event of an employee's death. This includes provision of coffin, donation to family, transport arrangement and refreshment for other staff members. This obligation can be insured under the Group Funeral Plan.
The plan provides for the payment of funeral and related expenses on behalf of the employer in the event of an employee's death.
The benefits can be extended to cover parents, spouses and children.
Benefits levels shall be objectively determined to reflect the expected financial obligation of the employer.
Premiums are relatively low and depend on the average age of the group and number of employees to be covered.
Medical examinations shall not be required.
These are top ups that one can take in addition to the main policy one of which is the Personal Accident.
Personal Accident has three main components. These are