By considering Group Risk insurance offered through the FIA in conjunction with CITO Consult, individuals can benefit from comprehensive coverage, financial security, additional support services, and the convenience of streamlined administration. It provides peace of mind and ensures that individuals and their families are protected in the face of unexpected events or health-related challenges.
Group risk insurance combines multiple types of coverage into a single policy, offering comprehensive protection against various risks. Individuals can benefit from a range of coverages.
Group life cover is designed to provide financial protection to the employees’ families in the event of their death. The benefits include a lump sum payment or a regular income stream to the beneficiaries. With the group life cover offered by the FIA there is also an upfront immediate payment of R20 000 to help cover funeral costs.
Life cover ensures that the family members are financially supported in the absence of the insured person. It can help cover living expenses, outstanding debts, mortgages, education costs, and other financial obligations.
Knowing that their loved ones will be taken care of financially can provide employees with peace of mind, allowing them to focus on their work and personal life without worrying about the future.
Life cover ensures that family members are financially supported in the absence of the insured person. It can help cover living expenses, outstanding debts, mortgages, education costs, and other financial obligations.
Accidental death cover provides an additional layer of protection specifically for death resulting from accidental causes. It offers an extra payout on top of the standard life cover in the event of accidental death, helping to provide financial support to the insured person’s family during a difficult time.
Total permanent disability cover offers financial protection if an individual becomes permanently disabled and unable to work. It provides a lump sum payment to help cover medical expenses, rehabilitation costs, and ongoing living expenses.
Long-term income disability cover ensures that individuals receive a regular income replacement if they become unable to work due to a long-term disability or illness. This cover provides ongoing financial support to help maintain a decent standard of living and meet daily expenses.
Critical illness cover provides financial support in the event of a serious illness or medical condition. If the insured person is diagnosed with a specified critical illness, such as cancer, heart attack, or stroke, a lump sum payment is made to assist with medical
treatments, care, and other financial needs.
Group risk insurance typically involves streamlined enrolment and administration processes. CITO Consult can assist individuals with the enrolment process and handle the administrative tasks, making it convenient and hassle-free to obtain and manage insurance coverage.
The FIA Group Risk Scheme is an offering for FIA members, issued by Guardrisk Life Limited. Cito Consult (Pty) Ltd are appointed to provide risk benefit advisory services to the FIA Group Risk Scheme and its members.
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