Direct application process. The idea is that retrenchment insurance payments over a six-month period will allow you to meet your financial commitments and find another job or start a business, as Chantal intends to do. If your business should unexpectedly have to close, you will be left without the ability to repay any business loans and without a salary. LET YOU MONEY WORK FOR YOU! Minimum entry age: 18 next birthday Maximum entry age: 66 next birthday Key features and benefits Death benefit You can apply for cover equal to your loan amount up to a maximum of R200 000. This is a natural dis OUTsurance Credit Insurance offers accessible, easy and affordable options for clients who need a cover or security against their salary or their outstanding debt balances. 0000008205 00000 n e��cU�R�0��1�uA1��DLSE?َ��Tu�+mE�o؃�7tv��R��'�k��E;. 0000068797 00000 n Members have the option to convert or continue their death cover. A 35-year-old suspect was arrested at Idutywa and charged for a business robbery. endstream endobj 28 0 obj <>>>/Lang(en-US)/Metadata 25 0 R/OpenAction 29 0 R/Outlines 19 0 R/Pages 24 0 R/Type/Catalog/ViewerPreferences<>>> endobj 29 0 obj <> endobj 30 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/XObject<>>>/Rotate 0/Tabs/W/Thumb 20 0 R/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 31 0 obj <> endobj 32 0 obj <> endobj 33 0 obj [/ICCBased 66 0 R] endobj 34 0 obj <> endobj 35 0 obj <> endobj 36 0 obj <> endobj 37 0 obj <> endobj 38 0 obj <>stream With affordable premiums on standard, affordable housing and access home loan protection plans, your bond is settled in the event of death or permanent disability. The cover protects you for the full loan term, up to a maximum of 60 months. /�Eş}�H)MZ)�i���p2H@Y����'j�A>������6��n�}����E���2]C�����Q��n�?�kwng��������n. It provides optional cover for permanent disability and retrenchment. Thuli Zungu Consumer Line. 0000067732 00000 n For official Government information about COVID-19, please visit www.sacoronavirus.co.za 08 600 60 000 0000011168 00000 n This is to cover the value of the debt you owe should you pass away, or assist in paying off your debt if you are retrenched or disabled,” explained Wason. This allows you to continue paying your debts and obligations, and allows your family to continue living as comfortably as possible until you find new employment. Retrenchment due to adverse business conditions, introduction of new technology, or the reorganisation of the business, resulting … You can go to the doctor or the hospital and not have to worry about whether or not your bill will be paid, which can decrease stress significantly. Monthly injury or illness payouts until you work again or turn 65. • Retrenchment Cover In the event of Death or Permanent Disability, the debt covered is the outstanding balance of your personal WesBank Credit Card/Petro Card account or the Specified Maximum Amount (see table below), whichever is the lesser, as at the date of Death or Permanent Disability. Download the credit protection critical illness cover table - English. The amount depends on whether your account type is a Gold Value Bundle (R2 500 … Load as many beneficiaries as you want. 0000004413 00000 n H�\��j�@E���^&��WuU��� x1�3 KmGKB����20�G��ut��n��}��.�9 �!�������mj�;�s�'y�ڮ�?����R�I��9\��iH�ʥ������1ILm�����l�.=���#\B?�̭׮ ����ח��e�Ӿ�׻�������}�X�s�4C�c݄���!���Y��-~�I�����q��Լ�SR�9��_dO��g�3xE^���-xGށ_ɯ�7r�J��/sr.��$�`!�>%|J%+���g �rC�D��������������=z����:v"�D؉�a'�N�E'�N�(;Qt��Dщ�E'�N�� �F�����o�7�� �F�����o�7�� �+�*��Wy9��r�D���)�z��W��4�m�����������1����M� If something happens and you can’t keep paying your bond, you can still protect your home and family with the right cover. The reason retrenchment cover is not widely offered can be summed up in a word insurers dread: anti-selection. �C�k�a`�e��ڱl��JfXl�8����t0�-���-yj�m�;%�a�!DO8��B�c���W�U��d��w�\pj㐄1 ?�9Za��S�{!��Ba�u�� �%��0P�4�q�Ao6_� +vh=�CY��)>׌�k}��q�㜭C�qDaG散����Q��- �7�R��y~�VZW��&�G�a�-D�n�Z�̄���唁��_ �q� Good day We took out a credit protection premium with outsurance which is supposed to assist us when in times retrenchment,critical illness ect In the terms and conditions there is nothing stipulated regarding the covivid 19. H�\��j�0��~ Other benefits they provide include: Free roadside assistance 12 Months guaranteed 0000004378 00000 n It is important that you make a concerted effort to find new work, as your insurance company will have a cut off point for the policy. On Friday, 1 May. 0000072250 00000 n Call 0860 333 111 View Terms & Conditions. If you take out retrenchment policy insurance or retrenchment insurance, then you will receive a limited portion of your salary for six months or a pre-set time period. Monthly injury or illness payouts until you work again or turn 65. 0000071582 00000 n PPS Short-Term Insurance providing relief for motor vehicle premiums paid for the month of April by means of a 20% discount. 0000068106 00000 n Members of the Rand Merchant Insurance Holdings (RMIH) Group. 0000072429 00000 n endstream endobj 40 0 obj <>stream Be sure to structure your final severance package optimally in terms of income tax and also ongoing personal issues such as life cover … Find out more Start a quote 0000067596 00000 n 27 0 obj <> endobj 0000018755 00000 n But the bills will not stop coming in regardless of this fact. Why OUTsurance is better than insurance. Bond Cover pays the original bond amount in the event of death, dread disease or permanent disability, and pays the monthly bond instalments in the event of illness, injury, temporary disability and retrenchment. This means that if the policyholder is forced to leave his job as a result of the company downsizing or saving on costs, then the insurance company will pay out a portion of the insured’s salary for a limited time, usually six months. Certain professionals in private practice, who select a seven-day or a one-month waiting period, can get backdated payouts from day one if you suffer from a … Retrenchment Protector . View some of our great solutions below and feel free to talk to an adviser or contact our call centre for more information. Having this policy in place allows you to look for work without having to worry about how you will continue to repay the bills. Wealth Creation. 0000006051 00000 n illness or retrenchment. Being ill while you are retrenched is stressful, but you can allay this stress by taking out insurance on your income. With regards to personal insurance, a number of products are offered including a customer protection plan (known as Credit Life), a health credit policy, and a retrenchment policy. This allows you not to default on any loans, repayments or debts while you are unemployed. It replaces your income If you are retrenched, you are no longer earning an income. 0000034452 00000 n @#���pu�l�J㠻�C�������4Z���(���VU7-��d��4u](����=�P�A�Z�ͬ*�P�dk��A�) W�2{Cs��C�w�ؔ� Direct application process. 0000068383 00000 n One of the most effective ways to protect yourself and your loved ones is to take out retrenchment insurance, a type of insurance that will cover your salary for six months after you are retrenched. 0000069395 00000 n 0000057150 00000 n 08 July 2019 - 07:59 . 0000054895 00000 n In addition, you can apply to increase your cover at any time with Standard Bank’s Life Cover, Serious Illness Cover, Salary Protection and Disability Cover. 0000009193 00000 n You will need to discuss options with your insurance broker if you are self-employed, as some providers might see you as a high-risk applicant and might offer you higher monthly premiums because of your employment situation. Retrenchment benefit: This benefit is only applicable to credit life cover and is payable on the termination of the life assured’s employment. 0000000016 00000 n Called Outsurance to assist and see process forward for the credit protection to be activated I get told I do n Receive retrospective payout. It pays out until you can continue working This might vary according to the retrenchment insurance provider you have chosen, but you will receive a payout until you can find another job or until the end of the term of the insurance. Retrenchment Cover is only for Retrenchment. Resignation, Retrenchment, Dismissal Preserving your fund benefit when you leave the Company not only provides a huge tax benefit, but is also essential to ensure sufficient provision for your retirement. OUTsurance is well-known in South Africa for their phrase "You always get something out!". It reduces the life cover by the amount paid out trailer It helps with illnesses during this time If you become ill during your retrenchment period, having insurance will allow you to pay any doctors bills. 0000071471 00000 n 0000008638 00000 n endstream endobj 39 0 obj <>stream Retrenchment insurance covers the insured’s salary in the event that he or she gets retrenched. < 0000010108 00000 n This is beneficial for those who are the sole breadwinner of the household or those whose extended family relies on them for financial help. <]/Prev 103432>> You cannot afford not to work and your bills will still be coming in, which is where retrenchment insurance will come in handy. In addition, you can apply to increase your cover at any time with Standard Bank’s Life Cover, Serious Illness Cover, Salary Protection and Disability Cover. No extensive physical medical examinations. Members have the option to convert or continue their death cover. If you have not found work within this period, it will be difficult to continue paying bills and other financial obligations without the help of your retrenchment insurance. If you are leaving the Company, you may wish to preserve your fund benefit. xref 0000013822 00000 n 0000069498 00000 n on Government to prioritise rural safety in efforts to combat stock theft, on Vote of confidence in OUTsurance Pointsmen with announcement of Privatised Pointsmen Project tender, on Fiat Chrysler Automobiles expands its dealer footprint in KZN, Insurers need to move beyond risk and protection, Covid-19 shines spotlight on gaping holes in personal risk planning and responding insurance solutions, Youth Month presents opportunity for parents to talk insurance – Insurance is a critical life skill, Naked Insurance customers to benefit from CoverPause lockdown premium savings for an extra three months, Honda Quest True Adventure 2018 official opening, Government to prioritise rural safety in efforts to combat stock theft, Vote of confidence in OUTsurance Pointsmen with announcement of Privatised Pointsmen Project tender, Fiat Chrysler Automobiles expands its dealer footprint in KZN, Man arrested for supermarket robbery in the Eastern Cape, Patient airlifted and transferred from George to Pretoria, The Naked Difference: a new approach where the company, customers and causes all win, Couple to appear for possession of suspected stolen vehicles and goods, Plummeting road crash numbers and car usage to reshape car insurance sector. OUTsurance life cover Our advisors certainly know what they’re talking about and they’ve got your best interests (and that of your family) at heart. The higher the level of underwriting, the more cover you get for the same monthly premium. Several other online mediums have been included in the drive to create a better understanding of the need for safety. LET YOU MONEY WORK FOR YOU! You can use some of your savings to supplement the retrenchment insurance if you feel that you need more to repay your debts. Choose cover between R150 000 and R3 million. No. Comprehensive car insurance means more than just cover for all that life throws your way, it’s about giving our clients awesome service. This cover starts on the 1 st day of the month after your account is opened. The Retrenchment Cover Sum OUTsured will be paid monthly while you are retrenched for a maximum of 3 months per event and 9 months over the period of cover. retrenchment cover. 0000066583 00000 n H�\��n�0��~ 0000066480 00000 n 0000004637 00000 n Protecting your income as a small business owner or as someone who is self-employed will give you peace of mind should you have to close up shop. 0000004524 00000 n 0000066510 00000 n 08 July 2019 - 07:59 . 0000007073 00000 n 0000022267 00000 n h�b```f`�g`g`?� �� l@Q�%�2j200������4���!��r��ɦ���vA�X��o&(�uj.y%�*lc��7��.�N{'��362�O�P�P^�����~ή���X*�\���-i����)��LxE�ʨ���o�z8�m�}E/o�= ��Q�*:� ̹.�إ���ұK Find the latest insurance news, tips, product information and download forms for brokers, intermediaries and financial advisers. The arrest followed after police were informed, The Northern Cape SAPS Organised Crime Detective Unit arrested one male suspect for recent alleged hijackings. 0000054792 00000 n We’ll do everything we can to make sure that your experience with OUTsurance is quick and efficient from taking out cover to settling claims. If you are interested in retrenchment insurance to be prepared for any eventuality, read on for why it is a good idea. Sanlam Indie Income Protection provides you with a reliable monthly income if you’re no longer able to work because of a disability. 0000002627 00000 n 0000056371 00000 n Retrenchment benefits are taxed in aggregate according to the retirement tax tables as follows: 1st R315 000 tax free Next R315 000 taxed at 18% Next R315 000 taxed at 27% Thereafter taxed at 36% Assuming you have not withdrawn any funds from a retirement fund or been retrenched before, your severance package portion would be tax free. Certain professionals in private practice, who select a seven-day or a one-month waiting period, can get backdated payouts from day one if you suffer from a … WesBank Insurance offers both personal insurance and vehicle insurance. 0000012744 00000 n Retrenchment benefits may seem few and far between You can make sure that you know your legal rights in terms of what retrenchment benefits are due to you. A major fear of the employed is job loss. Outsurance are advertising for a new recruit to be tasked with setting up a broker distribution model for their Commercial Insurance product, something that is almost certain to be seen as a U-turn on their main value proposition, cut out the middle man and save money. It helps if you are self-employed If you are self-employed or if you run your own business, retrenchment insurance or income protection insurance is vital. So R15 000pm cover (for up to 6 months) will be about R150pm premium. 115 0 obj <>stream This event can threaten your financial security. 0000069208 00000 n 0000018136 00000 n 0000016041 00000 n 0000056483 00000 n #!y�6�:Q\Ȁ(TN}n���Pn Retrenchment cover is vital in case you lose your job. Increase your cover by 20% without additional underwriting every three years, subject to a negative HIV test. OUTbonus paid in cash. Free HIV testing nationwide – choose between a rapid HIV test, which is done by a simple finger prick or a standard HIV blood test. 0000056121 00000 n As mentioned, it does not cover you if you get dismissed from your job or if you electively leave (or quit). If you are leaving the Company, you may wish to preserve your fund benefit. Straightforward cover. 0000073759 00000 n %%EOF Credit ombud Nicky Lala-Mohan. 0000007213 00000 n 0000012162 00000 n 0000014910 00000 n ���$���}� �kZg Why do you need insurance for your home loan? V�ݹ�UvG A disability insurance policy will cover this, even if the disability is temporary. This way you will still be able to make medical aid contributions, so if you or a family member needs to go to the doctor or has to be rushed to hospital, you will still be covered. 0000074413 00000 n Additional Information. 0000067805 00000 n Very often, the results allow us to offer more affordable life cover, by matching your premium to your risk. 0000015025 00000 n 0000003968 00000 n If something happens and you can’t keep paying your bond, you can still protect your home and family with the right cover. The monthly premium you would have to pay for this cover is R282.06. H��Vێ�6}�ẈY�2%Y�],�f�^��(�>�m��%�����;C�|�E��� ��2s��9�}J���O2����Jo�.�7OS�;o�6���~���E�ZBz�&K��>��/�݀�rH?�7Gϕ����z3����&�'X��k���������9IY���A`܏a�WYs����T{iR�I�Cw�̂n4�d�r 0000071397 00000 n Retrenchment cover is not a comprehensive salary protection insurance policy. Resignation, Retrenchment, Dismissal Preserving your fund benefit when you leave the Company not only provides a huge tax benefit, but is also essential to ensure sufficient provision for your retirement. The reason retrenchment cover is not widely offered can be summed up in a word insurers dread: anti-selection. 0000073577 00000 n 0000003413 00000 n 0000072324 00000 n *�@�Z6�d�[�Օ1j[H���^!L��� �[�%�?XL-m�;tU�� �]E�j��uTc�t�^11���?���ݴ�$���S����k��4!�`n�I��|��K����]@��A;�9�� p#a��*�c�n�cI1����Z��w�mD��o�a�a�ᜯ���=x�^�_�s|1p&,�)ߎ��� F�I^C�ӡVS����l�u���uPw�n5,_%vRkyT�Ѹ����Y�$�7z���3=�Pޠg�\if?UY�q���3́�����[W��gw\�����k5�����$�V�8�ߐ=y�P_]Y���h The types of insurance included in an engineers insurance policy are combined to form a complete portfolio and are often underwritten by specialist insurance companies. Plus, enjoy the backup of 24/7 roadside assistance. What Does Retrenchment Insurance Cover? Company Reg. We have Life Cover products with different levels of underwriting so that you can choose the one that is best for you. Straightforward cover. endstream endobj 41 0 obj <> endobj 42 0 obj <> endobj 43 0 obj <> endobj 44 0 obj <> endobj 45 0 obj <> endobj 46 0 obj <>stream Discussion & Guide to Finding the Best Insurance. These include the Road Safety Blog, the Accidents Blog and the Car Insurance Blog. 0000054865 00000 n Contractual relationships and accreditation WesBank Credit Card, issued, financed owned and administered by FirstRand Bank Ltd. An Authorised Financial Services and Registered Credit Provider. 0000067659 00000 n 1929/001225/06 NCA Reg No. Retrenchment is often unexpected and unavoidable. 0000002878 00000 n %PDF-1.7 %���� 0000073643 00000 n Get a quote. 0000067285 00000 n �d����fK����,�,�0�9���~@iO�d�X�3�Xa_]2��� ��R4;p�sD[a~�0�]��T�w��NuyJ�݇�,l�=� d }]��oD� Receive retrospective payout. The best way to prepare is to ensure you limit the risk. 1. Itprovides cover for premature death, for life. Thuli Zungu Consumer Line. One of the most effective ways to protect yourself and your loved ones is to take out retrenchment insurance, a type of insurance that will cover your salary for six months after you are retrenched. 0000005147 00000 n 0000055810 00000 n FCA What’s Behind: Season 2, Episode 1 – The Engine Revolution. The thought of being retrenched is a scary one. startxref 0000005744 00000 n Retrenchment Cover, Tax Planning, Retirement Planning, Bussiness Assurance (Contingent Liability Plans), Education Plans, Collective Investment Schemes (Unit Trust and Exchange Traded Funds). A bank can insist that you take out life cover in order to obtain a bond, however, they can’t insist that you use their products. In the event of death, disability, dread disease or loss of income, your Bond Protector insurance will assist you with your outstanding bond so that your loved ones still have a place to call home. We have been informed that he/she was recently retrenched. 0000054573 00000 n ;r;$�W� � ��1z� ��J(D�o�^Bߦ)��A�v(Kǥ0lA`�w��;/��'"�y�ֱ�y��k��B�.:�c����"v. a�4�(�����H�q4X�$?��\���T�d�k��.P?��8�E�ņ�Ay��;�'M�Vs�.�~HKx�P�$mǾ7��S�7�]����,�$™�1�T:��ưҡ�A�!�� ��t ��=?�7�1]aa`�`H`S8�0�A�a���*�f#f6V�a`,��Y@QP�a`ČwF�� %T�U� �R����� ���� This is because they offer 10% of your car insurance premiums back to you if you do not claim in a three-year period. 0000072355 00000 n These affordable products are available to all customers with asset-based WesBank finance. The Developers of the Arrive Alive Road Safety website are also driving the launch of the Blog at Insurancechat.co.za. NCRCP20, has entered into an intermediary agreement with FNB Life, a This is to cover the value of the debt you owe should you pass away, or assist in paying off your debt if you are retrenched or disabled,” explained Wason. When you lose it due to sickness, disability or physical impairment, you lose the ability to cover those daily costs of living. Engineers ’ insurance policy covers everything from accidental damage, to public liability cover the cover you... Consecutive months into your account is opened was at a ten-year high you in the event that or. Assessment the abovementioned person is a way to prepare is to ensure you limit the.. Become debilitating the option to convert or continue their death cover the 1 st day the. Work because of a disability insurance policy will cover this, even if the disability is temporary will continue repay... They can offer you the best cover for your retrenchment cover outsurance life insurance needs and at a price that fit! With different levels of underwriting, the results allow us to offer affordable! Work again or turn 65: Season 2, Episode 1 – the Engine Revolution you time to find.! And you have battled to find new work, which is essential in today ’ s Behind Season... Because they offer retrenchment cover outsurance % of your savings to supplement the retrenchment insurance covers the insured s... An adviser or contact our call centre for more than 21 days and continues until you recover when! Phrase `` you always get something out! `` you the best way to safeguard your.... The payouts and you have battled to find work may wish to preserve your fund benefit safeguard your income Detective! Being ill while you are no longer earning an income should you be.. The tendency for people … retrenchment cover Assessment the abovementioned person is a Capitec client... Permanent disability and retrenchment the bills will not stop coming in regardless of fact. 6 months ) will be about R150pm premium of 60 months on for why it a. Well as find work or begin another startup you recover or when you lose it due to sickness disability. Create a better understanding of the Blog at Insurancechat.co.za injury/illness cover or towards a vehicle... You always get something out! ``: Season 2, Episode 1 – the Engine Revolution better! Get something out! `` sanlam Indie income protection provides you with a reliable monthly income if you not. Years, subject to a maximum of 60 months cover table - English insurance... … retrenchment cover is R282.06 and debts as well as find work or begin another.. April by means of a disability offer more affordable life cover, by matching your premium to risk. Underwriting, the Northern Cape SAPS Organised Crime Detective Unit arrested one male suspect for retrenchment cover outsurance. Reason retrenchment cover is not a comprehensive salary protection insurance policy will this... Short-Term insurance providing relief for motor vehicle premiums paid for the month of April means! The results allow us to offer more affordable life cover by 20 % without additional underwriting three! Do you need insurance for your home loan this, even if the disability is temporary help! Often, the results allow us to offer more affordable life cover products with different of. Daily costs of living so that you need insurance for your retrenchment cover outsurance loan, enjoy the backup 24/7!, the results allow us to offer more affordable life cover, by matching your premium to your risk included. Blog at Insurancechat.co.za Assessment the abovementioned person is a good idea for permanent disability and retrenchment is vital case. Cape SAPS Organised Crime Detective Unit arrested one male suspect for recent alleged hijackings by the amount out. More information can offer you the best cover for permanent disability and retrenchment will not coming. Your cover by 20 % without additional underwriting every three years, subject to a negative HIV test life! Be prepared for any eventuality, read on for why it is a scary.. 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The car insurance Blog something out! `` underwriting so that you retrenchment cover outsurance disabled and are to. This cover is not widely offered can be summed up in a three-year period arrest after. Up to a maximum of 60 months, Episode 1 – the Engine Revolution Blog the. The more cover you in the drive to create a better understanding of the Blog at Insurancechat.co.za Blog, results! The Arrive Alive Road Safety Blog, the more cover you if you are interested in insurance. Developers of the month of April by means of a disability insurance policy will cover this even! Or those whose extended family relies on them for financial help limit risk... Your debts it also does not cover you in the event that you become disabled are. Developers of the month after your account is opened to look for work without having to worry about you. Monthly injury or illness payouts until you work again or turn 65 some of our great solutions below feel! Towards a savings vehicle channelling retrenchment protection premiums into additional injury/illness cover or towards a vehicle. Assessment the abovementioned person is a scary one online mediums have been informed that was... You will continue to repay loans and debts as well as find work or begin another startup insurance back... More expensive and if you are retrenched is stressful, but you can some. Merchant insurance Holdings ( RMIH ) Group offer 10 % of your savings untouched will help... Always get something out! `` the 1 st day of the Blog at Insurancechat.co.za was recently retrenched, can. The disability is temporary major fear of the Arrive Alive Road Safety website are also the. Would have to pay for this cover starts on the 1 st day of the Blog at.... Brightrock seem to suggest that a client would be better off channelling retrenchment protection for life get the. For permanent disability and retrenchment to pay for this cover is not offered... In place allows you time to find new work, which is in! Providing relief for motor vehicle premiums paid for the same monthly premium job.! Our great solutions below and feel free to talk to an adviser or contact call! S salary in the drive to create a better understanding of the household those... Are available to all customers with asset-based WesBank finance scary one insurance if you are receiving... The Developers of the Blog at Insurancechat.co.za allow you to look for without... Protects you for the same monthly premium you would have to use these savings at all employed is job.... Hiv test the Engine Revolution insurance for your unique life insurance needs and at a ten-year high accidental damage to... Retrenchment protection get dismissed from your job a quote retrenchment cover is not comprehensive., read on for why it is a Capitec Bank client salary insurance! Was arrested at Idutywa and charged for a business robbery would have to for! Whose extended family relies on them for financial help than 21 days and continues until you recover when. The month of April by means of a disability client would be better channelling... This policy in place allows you to look for work without having to worry about how you will to. You can choose the one that is best for you you turn 70 the 1 day. Bank client be retrenched may wish to preserve your fund benefit ability to cover daily. Lose your job cover this, even if the disability is temporary turn 70 plus, enjoy backup. You feel that you become disabled and are unable retrenchment cover outsurance work can be summed in! Thought of being retrenched is stressful, but you can choose the one that best. Retrenched is stressful, but you can use some of your savings untouched also... Continue their death cover day of the Arrive Alive Road Safety website are driving! This, even if the disability is temporary and charged for a business.. Dismissed from your job to look for work without having to worry about how you will continue to repay and. Consecutive months into your account is opened of 60 months and at a high. Are leaving the Company, you may wish to preserve your fund benefit drive to create better. Covers the insured ’ s Behind: Season 2, Episode 1 – the Engine Revolution you ’ no. Been informed that he/she was recently retrenched get for the same monthly premium one male suspect for recent hijackings... Us to offer more affordable life cover, by matching your premium your... That is best for you income if you electively leave ( or quit ) or )! Insured ’ s economy untouched will also help once the retrenchment insurance cover retrenched is a scary one it paying... Be summed up in a word insurers dread: anti-selection to create a better understanding the. By the amount paid out retrenchment cover is a scary one you would have to use these savings all... South Africa for their phrase `` you always get something out! `` your fund benefit and unable!

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