Immediate cover
You will be covered immediately for accidental disablement.
Easy & flexible pay-outs
You choose between a lump sum and a monthly pay-out.
Fixed Rates
We guarantee no increases for the first 24 months.
What is Salary Cover ?
It provides an income if you’re unable to work due to illness, impairment or disability
Most people plan and dream based on the assumption that they’ll continue to earn an income until they retire. But what if something happens to you and you’re unable to work? Income certainty determines your quality of life and your family’s financial security.
Without an income you would be left struggling to pay for your financial expenses like school fees or bond repayments. Income protection cover will give you peace of mind that your financial expenses will be taken care of.
How does income protection cover work?
Offers protection when you’re permanently or temporarily unable to work in your current occupation.
If a broken leg keeps you from work for 3 months, for example, you must still pay the bills and get the children to school. Income protection cover can help you to do that.
Get paid up to 75% of your salary
Salary protection provides a monthly income to members who are unable to work due to disability, injury or illness. Payouts begin 3 months after cessation of employment. The first 12 months post-employment consists of an in-depth occupational analysis and assessment of capabilities required to perform relevant duties and tasks. Thereafter, once capabilities of the member is better understood, alternative appropriate occupation will be sought based on training, education and skills of the member. On confirmation of disability, monthly benefits will be payable until either recovery, death or till member reaches 65. Using industry best practice to assess disability, an appointed medical team evaluates all salary protection claims.
What does salary cover not cover ?
Inadequate medical evidence of continuing disability.
Failure to follow medical recommendation to minimize, prevent or repair disability.
Excessive consumption of alcohol.
Intentional inhalation of fumes or consumption of poisons, drugs, narcotics or excessive medication.
Claims arising from cosmetic or elective surgery.
Claims arising from routine pregnancy or maternity leave.
Voluntary termination of pregnancy unless complications occur.
Active participation in war, rioting, insurrection, terrorism.
Frequently Asked Questions
What is salary cover ?
It provides an income if you’re unable to work due to illness, impairment or disability.
Most people plan and dream based on the assumption that they’ll continue to earn an income until they retire. But what if something happens to you and you’re unable to work? Income certainty determines your quality of life and your family’s financial security.
Without an income you would be left struggling to pay for your financial expenses like school fees or bond repayments. Income protection cover will give you peace of mind that your financial expenses will be taken care of.
How does income protection cover work ?
Offers protection when you’re permanently or temporarily unable to work in your current occupation.
If a broken leg keeps you from work for 3 months, for example, you must still pay the bills and get the children to school. Income protection cover can help you to do that.
Do I need a salary protection plan ?
If you and your family depend on your monthly income to pay expenses like your bond, school fees, groceries and would struggle to live for a few months without a salary, then yes, a salary cover is very much needed.
How is my monthly premiums calculated ?
Your salary cover premium is based on your risk portfolio and how much cover you require. Some risk factors include your age, gender, occupation, and overall health. The amount of income protection you need is based on your salary and monthly expenses.
Do I need salary cover if I already have disability cover ?
Salary and disability cover provide you with different cover and pay out under different circumstances. If you are permanently disabled, disability cover pays out the policyholder a lump sum. While salary cover helps you pay your bills while you recover from a temporarily disabling injury or illness.