Stokvels normally have a rotational schedule where one or more of the members receives a lump sum pay-out per month.

When it is your turn to receive the pay-out, we encourage you to allocate a portion of this lump sum to buy Ongeza Life Plan.

The Stokvel can arrange regular payments for all its members and thereby ensure that they remain covered for life. No need to do fund-raising when one of the members passes on as Ongeza Life will pay the accumulated benefit at the time of death.

The post Stokvels appeared first on Ongeza Life.

The advantages to the Burial/Friendly Society include the following:

• Retention of members
• Attraction of new members
• Sense of belonging for the members

The post Burial Societies/Friendly Societies appeared first on Ongeza Life.

When an employee leaves the employer, either through resignation, retrenchment or retirement, the life cover falls away.

We encourage employees to buy Ongeza Life Plan during their employment, and tag along the group life cover offered by their employers.

The employee can top-up their Ongeza Life Plan any time they receive a bonus from the employer.

On leaving employment through resignation, retrenchment or retirement, the individual will still remain covered for the accumulated cover under OLP until s/he dies.

No need to worry about life cover as the individual will have paid up for their accumulated cover during their active employment. No further premiums required unless the individual wishes to top-up his/her cover.

The post Group Life Assurance Schemes appeared first on Ongeza Life.

Retirement funds which may have accumulated surpluses could allocate a portion of these surpluses to buy the Ongeza Life Plan for their members on a group basis so that when a member leaves, he/she goes with the accumulated cover and he/she can also top-up individually.

The leaving member could also use a portion of the lump sum benefit paid under the fund to buy or top-up his/her cover under Ongeza Life Plan, thereby ensuring that s/he continues to remain covered for life without any obligation for further premium payments.

The trustees of a retirement fund will derive joy from the fact that they do not send their former members home without some life cover, which will have been facilitated by the fund during the active participation of the member in the fund.

The post Pension/Provident Funds appeared first on Ongeza Life.