Funeral Fund

The Hospitality Group Funeral Insurance Scheme has been specifically designed for the hospitality industry and is compulsory for parties.

The continual increase in the cost of providing a dignified funeral has resulted in the need for cost effective funeral insurance. Most people cannot afford to pay the costs of a funeral from their savings, or cannot carry the costs until their insurance policies pay out. The Hospitality Group Funeral Insurance Scheme now offers you the opportunity to provide your employees with funeral cover to ease the financial burden when a member of their family dies.

Advantages for Employees

Provides for a dignified funeral

Advantages for Employers

A cost effective method of providing fringe benefits to employees

Benefits are paid timeously

Creates a sense of security and lowers staff turnover

No evidence of health is required

Claims are paid promptly

Provides cover for:

Administration is simple

Avoids requests for loans

BASIC COVER A cash benefit is payable on the death of a member, spouse or child before the member’s normal retirement age of 65, provided that the relevant requirements are complied with.

Age at Death	Benefits
Member and/or Spouse, the last day of the month in which attains the age of 65 years Children 14 years upon 21 years Children 6 years and older but under 14 years Children 1 year and older but under 6 years Miscariage from 26 weeks, stillborn and children less than 1 year old Premium rate per member	R 15 000.00 R 15 000.00 R 7 500.00 R 3 750.00 R 3 750.00 R 25.00

Who Must Join In?

All employees under the age of 65 years who fall within the Bargaining Council for The Fast food, Restaurant, Catering & Allied Trades’ scope and sector.