What is Group Risk Cover?
Group Risk Cover is a collective insurance policy designed to protect your employees and their families against life’s biggest uncertainties. Instead of individuals taking out their own separate policies, you can secure one group insurance policy that covers your whole workforce in South Africa.
It’s a cost-effective way to provide meaningful employee benefits, care for staff, and provide reassurance to your employees that they’re not facing life’s risks alone. Premiums are generally lower than standalone policies, administration is simpler, and it offers an opportunity to provide cover to all eligible employees with much simpler underwriting.
Group Risk Cover serves as a safety net for employees that provides peace of mind. Whether it’s life cover to support loved ones, disability cover or critical illness cover to help when illness or injury prevents work, or other tailored cover, group risk benefits ensure that staff and their families have financial support when it matters most.
As a specialist Employee Benefits provider, Fedgroup’s Group Risk Cover represents an innovative solution that balances a human-centric approach with technology-driven efficiency. Our comprehensive Group Risk Cover solution includes Group Life Cover and Group Funeral Cover, critical illness cover, disability cover, and other value-add benefits.
Benefits of Group Risk Cover
Choosing the right Group Risk Cover goes beyond simply ticking compliance boxes. It’s about giving your employees and their families the reassurance that, no matter what life throws at them, their financial wellbeing is protected. Fedgroup’s Group Risk Cover is built on simplicity, transparency, and choice – ensuring you provide meaningful support with benefits that are easy to understand and even easier to claim.
By removing unnecessary complexity and offering a flexible solution, we help you protect your employees by providing benefits that are both effective and affordable.
Fedgroup has been named the best financial services provider in the country in the Group Life/Risk Products, the Group Pension and Provident Fund and in the Investment Products subcategories at the PMR.africa awards. Fedgroup has walked away with top honours at these awards consecutively for the last seven years, improving on the score from previous years at each subsequent event. Thereby underlining our longstanding commitment towards excellence.
Fedgroup Life Limited is a licensed life insurer and registered financial services provider, Reg. no. 2007/018003/06. FSP license no. 40607. Fedgroup Financial Holdings (Pty) Limited is a licensed controlling company and companies within the Group are authorised FSPs.
This isn’t all we can offer you. Explore our other Employee Benefits.
What our Group Risk includes
Providing your employees with the certainty of support in the toughest times is only one component of securing their futures, as well as that of their families.
Our comprehensive Group Risk Cover is therefore designed to cover the three unexpected major life events: illness, disability, and death. For a comprehensive overview of our Group Risk Cover, download our Group Benefits brochure.
Spouse and Children’s Pension Cover
Provide ongoing financial support for your employees’ loved ones through an annuity funded by a lump-sum benefit after an employee’s death.
How to protect your employees
Get in touch today to discuss your unique group risk needs and ensure your employees are covered for every eventuality.
