Premier Wealth Solutions
Employee benefits typically refer to retirement plans, health insurance, life insurance, disability insurance. Individual benefits are increasingly expensive for businesses to provide to employees, so the range and options of benefits are changing rapidly to include, for example, flexible benefit, group risk, group pension, group health.
Group risk benefits are designed to protect and insure employees and their families in the event of long-term illness or death while working for an organization.
Group risk benefits, especially critical illness and life insurance, can also be extended to employee family members as well as the employee. This makes the benefit even more attractive and even more valuable to both the employer and employee.
This type of fund serves the same purpose as the pension fund but is quite different in that you are not able to deduct any contributions from your taxable income and there are no limitations as to the age that you have to be to be able to access your accumulated investment value. There are no other limitations on how you may withdraw, except for the tax that you will need to pay on the withdrawal.
Medical aid is a form of health insurance cover which pays for essential medical services to registered practitioners, health facilities, clinics and hospitals. This form of private health cover varies from country to country but in South Africa, it is structured as a product referred to as a medical aid. It may provide cover for an individual, couple or family and will protect the member and dependents from the financial impact of private health care costs.
The benefits of a medical aid can be best appreciated when you need it most.
Investigating more than 30 medical schemes and options
Choosing the “most suitable” medical aid option in the market
Providing pro-active advice on your present medical aid
Assist you with claims and query resolution
