Purpose
Provide employees with group funeral insurance to ease the financial burden that is placed on the family at a difficult time.
Membership is compulsory for all or selected categories of employees or members of unions or associations who are in permanent and active employment and have not yet reached normal retirement age. The employer decides who will be covered under the plan - from member only to member and Dependants, and even parents.
A member’s Dependants are defined as his/her spouse(s), minor unmarried children (including legally adopted children) under age 21 years. The age limit of 21 shall however be extended to age 25 in respect of a child who is a full-time student. No age limit will apply to a child who is incapacitated from maintaining himself/herself by mental or physical infirmity, provided such child is wholly dependant on the member for support and maintenance.
Qualification Criteria
A minimum of 300 employees are required.
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