Although most employers and managers don't realise it, they have the ability to make an immense impact on their employees' lives, in ways that filter far beyond the workplace. A way to make a lasting impact on your workforce is to offer funeral cover for your staff. Funeral cover is one of South Africa's most widely held financial products, with around 17 million policyholders. This benefit is often much more meaningful than meets the eyes, due to the cultural significance of funerals in many South African cultures. Offering your employees funeral cover not only protects you against the risk of anything bad happening to your staff, but it communicates to your employees that you care about their wellbeing, and the wellbeing of their families.
The impact of getting funeral cover for your staff
Funerals are emotionally taxing, and often place financial strain on a family, particularly in a South African context. While a family is grieving, the last thing they feel like doing is organising body repatriation, the burial services and any other memorial fees. By offering Funeral Cover, you allow your employees to provide for their loved ones in challenging times. If an employee or one of their family members' passes away, funeral cover allows for the family to focus on mourning and healing, rather than on the finances of the memorial. Funeral cover is a commitment to your employees that signals your support to them and to their loved ones, during times of hardship.
Rising costs and increased strain
Many South Africans underestimate the cost of a funeral, hence the major financial stress that unravels when a loved one passes away. In addition to this, the cost of funerals are rising and financial burdens placed on families are becoming significant. Funeral cover provides a lump-sum payout that helps to cover the immediate costs of a funeral, and allows your employees and their families to focus on supporting one another, not worrying about who should pay for what.
Showing up for your staff doesn't have to be complicated
Life is unpredictable and when the unthinkable happens, the last thing your employees and their families should be worrying about is money. As an employer, you have a real opportunity to make a difference that goes far beyond the workplace. Simply's Flexi Staff Funeral Cover was built with exactly this in mind. For a fixed monthly premium, you can offer your entire team life, disability, critical illness, income protection and funeral cover in one policy. Our sign-up process is available fuly online, with no medicals or blood tests needed. Employees are covered from R5,000 up to R100,000 in funeral benefits, and with the family funeral option, their spouse and children are protected too.
Body repatriation is included, covering the transportation of mortal remains anywhere within South Africa, and even to SADC countries for the main insured. When a family is grieving, those are logistics they shouldn't have to think about. Funeral cover is affordable and easy to get, yet its impact runs deeper and lasts for your employees' entire lifetime.
Simply Financial Services (Pty) Ltd is a registered financial services provider (FSP 47146). T&Cs online.