YuLife offers Group Life Insurance to businesses for their employees that transforms traditional insurance and employee benefits into life-enhancing experiences every employee will value and use.

Group Life Cover: provides money to a YuLife member’s family in the event of their death, helping to ease financial pressures in tragic circumstances. A company can choose a lump sum based on a multiple of the employees’ salary e.g. 4x salary, or, a fixed amount e.g. R2m. The member’s spouse can also be covered on a similar basis.

Group Income Protection: provides a monthly payment if a YuLife member is unable to work for an agreed duration, due to illness or injury. The amount paid is based on a percentage of the employee’s salary, and an additional amount can be selected to go towards the members retirement contributions. The money is paid to the company, who will then pay it to the employee. The amount will continue until retirement age for the Income Protection benefit and will continue for a limited period of time (12 or 24 months) for the Temporary Group Income Protection benefit.

Group Funeral Cover: provides money to a YuLife member’s family in the event of their death, helping to cover the costs towards their funeral in tragic circumstances. A company can choose a fixed lump sum up to R100 000. The member’s spouse and up to 5 children can also be covered. The option to receive an additional amount of up to R20 000 can also be selected to cover the cost of repatriating the body if required.

Group Lump Sum Disability Cover: provides money to the YuLife member directly in the event of their permanent disability, helping to support the member if they cannot earn an income on a permanent basis.

An eligible member is covered for as long as their employer has cover with YuLife and until they reach the retirement age of the scheme.

An employer can choose to cover all employees or a specific group of employees. For the covered group, all employees will automatically have cover up to the Free Cover Limit.