Group Life Scheme

By: Nestlife  11-11-2011
Keywords: Permanent Disability

Nestlife Group Life Schemes are aimed at offering customers security with respect to insured individuals not being able to be occupationally active. What this means is that in the event that an employee is permanently or temporarily disabled, preventing them from continuing in their job and earning an income – as a Group Life Scheme member – they are paid out a lump sum relative to their current annual income. This ensures that our clients are covered for any unforeseen events, both operationally and personally. These insurance products cover from disability to dread disease.

.

  • Temporary Disability
    ….In the event that an employee is temporarily incapacitated and is unable to attend their work duties fora prolonged ….amount of time, the temporary disability plan will payout to the employee and beneficiaries, for the period that ….they are unable to work.

.

  • Permanent Disability
    ….Where an employee is unable to continue their occupational duties, for whatever reason, the permanent disability ….plan will payout the employee and beneficiaries, even in the unfortunate event that this permanent disability results ….in death.

Keywords: Permanent Disability

Other products and services from Nestlife

11-11-2011

PRODUCTS

In the event that a member of a scheme is permanently disabled or dies, the Group Life Scheme provides a lump sum benefit to the policyholder in order to ensure a member’s family maintains their lifestyle. These schemes are custom designed to accommodate each organisation or groups’ requirements. Solutions are developed to best cater for benefits in the event of death or disability.


11-11-2011

Credit Life Scheme

Temporary Disability ….Should a Nestlife Credit Life member not be able to continue their employment duties for a period of time, and as ….such not earn an income to cover their debt, the Credit Life policy will payout to appropriately cover the debt for ….this period.