Group Life Insurance
For Companies, Employers and Affinity Groups
MS Life offers companies, employers and affinity groups a range of group life insurance products - life insurance, dread disease, disability, permanent health and group funeral cover.
There are many life insurance companies in South Africa, but none with the financial backing, experience and security of our parent company Old Mutual (South Africa).
If your company or affinity group is looking for insurance products for your employees, then consider the full range offered by MS Life.
Life Insurance
Company or Affinity group life insurance is a pure risk benefit that looks after your employees through the payment of a lump sum to their dependants in the event of the member’s death.
Dread Disease Cover
Dread disease cover pays out a tax-free lump sum benefit to an employee who is diagnosed with any one of the diseases covered by the policy.
|
Critical Illness Benefit Disclosure Grid as measured against ASISA critical illness definitions
(the percentage payout for each severity level must be shown)
|
| |
Level A
Most severe |
Level B
Moderate impairment |
Level C
Mild impairment |
Level D
Almost full recovery |
| Heart attack |
100% |
% |
% |
% |
| Coronary artery by-pass graft |
75% |
75% |
75% |
75% |
| Stroke |
100% |
75% |
50% |
20% |
| Cancer |
100% |
100% |
50% |
25% |
Disability Cover
MS Life offers a comprehensive range of disability cover products, from lump sum disability to long and short-term disability income products.
Permanent Health Assurance
This insurance plan provides cover for employees against total permanent disability resulting from illness, disease or injury, leaving them unable to work.
Group Funeral Cover
Funeral cover pays out a tax-free lump sum on the death of the member covered by the policy.
MS Life prides itself on being one of the best life assurance companies in South Africa, known for our personal service and efficient claims processing. Don’t hesitate – contact us today for more information.