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Group Cover

People who work in our businesses are an important part of our daily lives. They are often family breadwinners and if tragedy strikes, their dependants may be left destitute.


As their employer, you may be the one left with a moral responsibility towards their family if something happens to them.

Why Simply Group Cover?

  • done Simple, quick and easy to buy
  • done Up to R2m cover for each employee
  • done R500k guaranteed cover for 5+ employees
  • done 3 simple medical questions for extra cover.
  • done Cover starts immediately
  • done Legally employed foreigners welcome
  • done Total premiums from R299 p.m.
   or   

Get an Estimate

I would like to cover
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They are mostly
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On average they are
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and earn R
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My organisation is primarily in
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Simply Group Cover includes any combination of the following:

Life cover Life cover

The amount of cover you select will be paid as a lump sum to your employees’ beneficiaries if they die.

You can select the same amount of cover for everyone (anywhere between R50k and R2 million), or you can set the cover as a multiple of each employee’s annual salary (anywhere between 1X and 5X annual salary).

Beneficiaries will also receive an additional R500 cash per month for 6 months to help cover the cost of groceries.

Find out more about Simply Life Cover

Life cover
Disability cover

Occupational Disability cover Disability cover

The amount of cover you select will be paid to the employee as a lump sum if they become permanently unable to perform their current occupation’s duties, or the duties of another suitable occupation. You can select the same amount of cover for everyone (anywhere between R50k and R2 million), or you can set the cover as a multiple of each employee’s annual salary (anywhere between 1X and 5X annual salary).

Find out more about Simply Disability Cover

Funeral cover Funeral cover

The amount of cover you select (between R5,000 and R50,000) will be paid if your employee or any of their family members covered under the policy die. You can cover them, their spouse, and any number of children under the age of 21. You can also add new children later (any number of children under the age of 21).

The benefit will be paid out within 24 hours of receiving all the claim information we need. The policy does not terminate on the death of your employee’s spouse or children. If your employee dies, their spouse and children will continue to be covered for a further 6 months at no cost.

Only family members who are resident in South Africa can be covered under our Family Funeral Plan, and children are only covered until they turn 21.

Find out more about Simply Funeral Cover

Funeral cover

Want to learn more?

Download our brochure

What’s the process?

Step 1

Get a quote

To get a quote, you will need the following employee details:

  • First name
  • Gender
  • Gross monthly income
  • Date of birth

You can add one employee at a time, or download our Excel spreadsheet template.

Step 2

Choose combination

Choose any combination of life, disability and family funeral cover, as well as the cover amounts you want to provide.

The premium will change as you adjust your selections.

Step 3

Remaining Details

Once you’re happy with your selection and want to take out the cover, simply provide the remaining employee details:

  • Surname
  • Cellphone number
  • Employment start date
  • Email address (optional)
  • ID number

Provide your company details, such as:

  • Company name
  • Registration number
  • Contact details
  • Bank details

Trusted by 10000+ families

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Simply is very affordable, my sign up was very easy and fast.

Andile
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When my husband died in a car crash, his life insurance payout from Simply helped a lot. The matter was dealt with very quickly and I gave half to his family.

Helen
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Your service is really amazing, superb staff and so easy to understand.

Nancy

Take a look for yourself: read our reviews on Facebook

Frequently Asked Questions

Why should I consider Group Cover?

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Your employees are often family breadwinners. If tragedy strikes, their dependants may be left destitute. As their employer, you may be led with a moral responsibility towards their families. The chances are that many of your staff do not have life cover, or where they have it, it is insufficient. Group Cover is typically much cheaper than the cover your staff might have taken out for themselves. So, if you can get them insured at a lower cost, they might be able to make substantial savings, even where you pass the cost on to them. Also, some of your staff may not be able to get cover for themselves due to existing health issues. With Group Cover, as long as you have at least 5 employees, everyone can get covered, regardless of their state of health.

What can I expect to pay for Group cover?

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Our minimum premium is R299 p/m. Cover per person is generally MUCH cheaper than your employees could get themselves. We recommend getting a sample quote, to see for yourself – it takes seconds.

Who can be covered?

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You can cover anyone who is:

  • Between 18 and 65 years old
  • Permanently employed or on 6+ month contracts
  • Legally employed in SA
  • Actively working 20+ hours a week, in SA

How does the product work?

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Simply Group Cover offers 3 different benefits – Life, Disability and Family Funeral Cover. You, as the employer, can choose all 3, or any combination of benefits – it’s up to you. You can also tailor the amount of cover per benefit to suit your budget.

Is the product compulsory or voluntary for employees?

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There are two options available when choosing Simply Group Cover:

Compulsory
Where you intend that all eligible employees will be covered under the policy, the compulsory option is more appropriate. This option has certain benefits, such as better rates and lower requirements for guaranteed cover and waiting periods.

Voluntary
Where you intend to give employees the choice whether or not to join the scheme (or you as the employer want to decide who will get the cover).

Is there a waiting period before claims will be paid out?

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Compulsory
There is no waiting period for Life or Funeral benefits. The waiting period only applies to the disability benefit. So, if your employee is disabled due to natural causes during the waiting period, the claim won’t be paid. After that your employees will enjoy full cover. Waiting periods may also be waived or reduced for staff who are already covered under an existing group policy.

Voluntary
The 6 month waiting period will apply to all benefits unless at least 80% of the employees who are eligible for the benefit are participating in the scheme. If at least 80% of the eligible employees are covered, the waiting period will only apply to the disability benefit.

What is Guaranteed Cover?

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Simply Group Cover may guarantee a certain amount of full cover to each employee no matter their state of health. Full cover here means that the benefit is paid even if the cause of death is a pre-existing illness. The rules around guaranteed cover depends on the number of employees you’re covering, and on the participation rate, i.e. the proportion of eligible staff that are covered.

Are there any exclusions?

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Unfortunately, no benefit can be paid if the death or injury is caused by one of the following:

  • Participation in any terrorist activity, riot, civil commotion, rebellion or war.
  • Radioactivity or nuclear explosion.
  • For life/funeral cover: suicide or deliberate self-injury within 2 years of starting the policy. For disability cover: attempted suicide or deliberate self-injury at any time.
  • Refusal of treatment recommended by a registered medical practitioner.
  • Some staff members may not be able to claim disability benefits where the disability is as a result of an existing condition. These exclusions will be highlighted in their policy schedule

What happens when there is a claim?

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We need to be notified within 90 days of the incident that has caused death or disability. Make sure your employees and their loved ones know that you have taken out this policy, and tell them how to contact us if a claim needs to be submitted.

What is needed for each type of claim can be found on our website at https://www.simply.co.za/claims/.

This information will also be available in your policy document, and our claims team can give more detail where needed.

We’re in this business to pay benefits to those in need, and we’re standing by to help:

How do the benefits and premiums change?

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The cover level for each employee is fixed in rand terms at the start of the policy. Cover will not automatically increase in line with your employees’ salary, even if you initially chose the cover level as a multiple of their salary. You can choose to adjust the cover for your employees at any time, subject to product and underwriting limits.

Premiums are also fixed in rand terms, and will not change for at least one year, unless you choose to change the benefits as above. On 1 June each year, premiums will be revised to reflect the current age of the employees, and potentially other factors. For the voluntary version of the product, the participation rate will be reviewed at this time, and this may impact the terms that are offered to new joiners. You will be provided at least 60 days’ notice of the changes to your policy, and you will have the opportunity to revise the benefits or cancel the policy at this time.

How quickly are my employees covered?

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As soon as you click the ‘Finish’ button on the online application process, your employees are covered. Cover is immediate, even though you haven’t paid your first premium yet.

How long does the whole process take from start to when my staff are covered?

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If you have all the employee information ready (i.e. name, gender, birth date, salary, ID/passport number and employment start date), the entire process will take less than 15 minutes – it’s entirely online, no paperwork.

Is our organisation not too small to take out Group Cover?

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There are no minimum requirements to take out Simply Group Cover. Don’t believe us? Our smallest scheme has 1 employee.

Do employees have to answer medical questions?

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Simply Group Cover may guarantee a certain amount of full cover to each employee no matter their state of health. To qualify for cover above the guaranteed cover we’ll need to ask each employee 3 simple medical questions

Ready to get covered?

Download our brochure
   or   

The underwriter of this policy is Old Mutual Alternative Risk Transfer Limited (OMART) a registered long-term insurer.

Copyright 2020 Simply Financial Services (Pty) Ltd. All rights reserved. Simply is a registered financial services provider (FSP: 47146).