Protect Your People.
Secure Your Business.
Life is unpredictable. Group Risk Cover provides a crucial financial safety net for your employees and their families in the event of death, disability, or severe illness, while protecting your business from unexpected moral and financial obligations.
The Employer Advantage
Why Implement Group Risk Cover?
Group Risk Cover is one of the most cost-effective ways to provide massive value to your staff, offering benefits they often cannot afford or qualify for in their personal capacity.
Free Cover Limits (FCL)
Unlike individual policies, group schemes offer a 'Free Cover Limit'. This means employees are covered up to a certain amount without needing to undergo any medical tests or underwriting.
Economies of Scale
Because the risk is spread across your entire workforce, the premiums for Group Risk Cover are significantly cheaper than if employees bought the same cover individually.
Employer Protection
If an employee dies or becomes disabled, the company often feels a moral obligation to help the family. A structured risk policy removes this financial burden from the company's balance sheet.
Comprehensive Protection
Structuring Your Risk Benefits
Group Risk policies are highly customizable. You can choose to offer these benefits as standalone policies or integrate them seamlessly into your corporate Pension or Provident Fund.
Group Life Cover
Pays a lump sum to the employee's beneficiaries in the event of death. Typically structured as a multiple of the employee's annual salary (e.g., 2x, 3x, or 4x annual salary).
Disability Income Protection
If an employee becomes disabled and cannot work, this benefit pays a monthly income (usually 75% of their salary) until they recover or reach retirement age.
Severe Illness Cover
Pays a lump sum if an employee is diagnosed with a dread disease (like cancer, heart attack, or stroke) to help cover lifestyle adjustments and medical shortfalls.
Family Funeral Cover
A highly valued benefit that pays out a cash lump sum within 48 hours to cover funeral expenses. Can be extended to cover spouses, children, and extended family members.
The EBC Corporate Advantage
We take the complexity out of managing group risk, ensuring your employees are protected and your business gets the best value.
Independent Market Tenders
We approach multiple insurers (Sanlam, Old Mutual, Momentum, Discovery, etc.) to negotiate the best premium rates and Free Cover Limits for your specific demographic.
Dedicated Claims Assistance
When tragedy strikes, the last thing an HR department needs is administrative red tape. We manage the entire claims process, ensuring fast and compassionate payouts.
Policy Integration
We ensure your Group Risk Cover aligns perfectly with your Medical Aid and Retirement Funds, preventing duplicate cover and optimizing your total employee benefit spend.
Protect your most valuable assets.
Whether you are implementing Group Risk for the first time or want us to review your current premiums, our corporate consultants are ready to assist.
Expert, independent corporate risk consulting.