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It is a retirement fund vehicle that receives contributions (usually monthly) from employers and employees towards provision for post-retirement income. At retirement, a member can access the entire benefit as cash.
Benefits are paid out on either resignation, retrenchment, death or retirement only.
It is a retirement fund vehicle that receives contributions (usually monthly) from employers and employees towards provision for post-retirement income. At retirement, a member can access up to one-third of the benefit in cash, and the remaining two-thirds must be used to purchase an annuity (Monthly Pension).
Benefits are paid out on either resignation, retrenchment, death or retirement only.
Our basic Death Cover ensures that if an employee passes away, their family will be financially covered in future. The benefit is the same for every insured family member. It can be extended to cover funeral expenses or future education costs or to provide an extra payout due to an Accidental Death.
Our Funeral Benefit gives employees the comfort of knowing that their families won’t be left with the burden of paying for their funeral when they die. The benefit can either be taken out for a single individual, or as a family benefit that also covers the funeral costs of an employee’s spouse, children, or parents.
If an employee dies because of an accident, we’ll pay out a lump sum that their loved ones can use as they wish. This is an additional payment on top of an existing life insurance payout. It is often taken out by employers whose employees may have higher risks of being in an accident due to the nature of their work.
Few things can be as worrying for an employee as being unable to earn an income – especially if they are the main breadwinner. Our Disability Income Benefit ensures that employees receive a monthly income should they become disabled and be unable to work, due to an accident or illness.
Our Lump Sum Disability Benefit ensures that employees receive a lump sum of money if they become totally and permanently disabled due to illness or injury and are unable to work. This money can be used to pay for upfront expenses relating to their disability, and the balance can then be reinvested to provide a monthly income for the years to come.
Our Critical Illness cover pays for any lifestyle changes employees may need to make if diagnosed with a critical illness. We also offer this benefit on a standalone basis, so it doesn’t have to be attached to an existing life insurance policy.
Our Medical Premium Waiver Benefit gives peace of mind to the employees, knowing that even if they become disabled, their medical aid premiums will still be paid and their spouse and children will still be covered for medical aid benefits.
If an employee who is the insured parent passes away, our Educator Benefit provides their family with financial support to help cover the increasing costs of education. This ensures children can still have the future they deserve, even if their parents are no longer here to provide for them.
Credit life insurance is designed to help pay your loan repayments or outstanding debts if you’re no longer able to, because of a life-changing event. It gives you the financial security that your loans or outstanding amount(s) will be paid.
Call: +266 2221 3500
Email: ebclaims@lnighollard.co.ls
Email: employeebenefits@lnighollard.co.ls
Email: ebpayments@lnighollard.co.ls
Mon - Fri: 08:15 – 16:30