Risk Management
Employee Death Cover
The Employee Death Benefit Cover is for enterprises who want to cover their employees for death whilst still employed.
Once your organisation signs up for Employee Death Cover, there is no waiting period and no need for medical examinations. The Employee Death Cover (also called Group Life Assurance) is usually expressed as a multiple of a member’s salary or as a flat amount. For example, if your monthly salary is ZWL2,000.00 and the Employee Death Cover is 24 times monthly salary, then the benefit payable upon death will be ZWL48,000.00.
The Employee Death Cover can also come with additional benefits such as the:
- Ill health benefit
- Disability benefit
- Group Funeral benefit.
Why you need to sign up?
Ability to attract and retain highly skilled employees
A positive work environment conducive for greater productivity and ultimately profitability
A good reputation as an employer of choice
Encouraging staff loyalty and demonstrating a genuine care for staff welfare
The employer incurs no extra budgetary expense (by way of paying ad hoc death benefits from the account of the business)
It provides instant financial assistance to the bereaved family that will augment other benefits
Mortgage Protection Scheme
The Mortgage protection scheme is meant to cover clients with mortgages so that in the unfortunate event of death, the mortgage repayments are taken care of by First Mutual Life.
For more information on how to set-up a Mortgage Protection Scheme for your organisation, get in touch with us or complete the Call Us now form and one of our Consultants will get back to you within 24 hours.
WhatsApp Number: +263772187438
Call Numbers: +263 08080071;
Loan Protection Scheme
The Loan protection scheme is designed to cover clients who have acquired loans so that in the unfortunate event of death, the loan repayments are taken over by First Mutual Life.
For more information on how to set-up a Loan Protection Scheme for your organisation, get in touch with us on out contact numbers or complete the Call Us now form and one of our Consultants will get back to you within 24 hours.
WhatsApp Number: +263772187438
Call Numbers: +263 08080071;
