“The greatest asset of a company is its people”
- Jorge Paulo Lemann (Co-founder, Banco Garantia)
Group Insurance
Group Insurance - is provided by an employer as an employee benefit.
As a business owner, we understand that finding top talent can be costly; and keeping your employees happy and engaged once you’ve invested in them can be challenging.
With the right group insurance plan, you can enjoy the following benefits as an employer:
Drive employee loyalty and engagement
Stand out as an employer of choice
Attract and retain talent
Alleviate business costs associated with extended sick leave if your employee has to take time off work
Group Insurance can also benefit your employees in the following ways:
Sense of feeling supported by their employer
Allow them to enjoy financial security for themselves and their families
In the event of an unfortunate incident, insurance can allow them to have peace fo mind to concentrate on recovery and return to work.
The employee has the option to continue their cover (without medical underwriting) upon leaving the plan.
There are three types of cover that can be obtained under a group insurance plan:
Income Protection (also called Salary Continuance Insurance)
Life Insurance
Total and Permanent Disablement (TPD) Insurance.
Group Insurance is generally more cost-effective than individual cover and without the need for medical underwriting (up to certain limits). This means that employees can be automatically covered from a specific limit.
Eligibility for a group insurance plan requires 5 plus members (owners can be included).
“Happy employees make productive and loyal employees”
