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FAQ

Group Life Assurance Schemes

FAQ

Membership to an employer’s employee benefits scheme enables an employee to enjoy life cover of a multiple of annual salary.

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.

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