Group Life Cover
Give your employees and their families the financial support they need
Fedgroup Life Cover pays a lump sum in the event of an employee's death, giving their dependents the financial support they need.
The lump sum Life Insurance Death Benefit payout – either a multiple of the member's annual salary or a flat rand amount – ensures predictability and certainty for complete peace of mind.
What sets Fedgroup’s Group Life Insurance Cover apart?
Offering additional value and peace of mind is Fedgroup's free optional Will advisory and drafting service. This optional benefit is available to every employee who has a Life Cover policy. This ensures a member's other assets will be taken care of in the event of his/her death, and helps to simplify estate planning.
Life Cover benefits
Fedgroup's Life Cover benefit can also be extended to provide cover for the employee's spouse, and cover can be selected to provide a benefit where the death is exclusively as a result of an accident. Fedgroup Life policies do not contain suicide exclusion.
Enquire about group life insurance policies for your employees. We also offer group retirement savings and other employee benefits to businesses in South Africa.