Rainmaker
PURPOSE:
Rainmaker is a defined contribution retirement fund product. Employers can assist their employees to make adequate provision for their retirement through a pension or provident fund. Employees can also obtain Risk benefits that will support them and their families in the event of disablement or death, and will ensure a dignified funeral if they or one of their family members should die.
QUALIFICATION CRITERIA:
A total monthly contribution exceeding R 20 000 is required. Employer and employee contributions must be expressed as defined percentages of salary