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Group Schemes Made Simple

Finding the right Group Schemes shouldn't be a hassle. Simplify your search with Insurance Made Simple.

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Disclaimer: InsuranceMadeSimple.co.za is not a registered or authorized financial advisor. The content provided on this platform does not constitute financial advice or recommendations. All information and materials featured are intended solely for informational and educational purposes and are not tailored to address your specific personal requirements. The list of insurance providers presented is based on publicly available data, and we do not claim ownership of their content. Please consult with a qualified financial advisor for advice tailored to your individual needs. Terms & Conditions Apply.

Group Schemes

Long-Term Insurance

Group Schemes are insurance policies purchased by a group of individuals, typically employees of a company or members of an organization. The main purpose of Group Schemes is to provide insurance coverage to a group of people under one policy, usually at a lower cost compared to individual policies. These policies may cover health insurance, life insurance, disability insurance, or other types of coverage.

Also known as: Group Policies, Group Insurance Plans, Group Benefits

Frequently Asked Questions

A Group Scheme insurance policy is a type of insurance that provides coverage for a group of individuals, such as employees of a company or members of an organization, under a single policy.

The benefits of a Group Scheme insurance policy include cost savings, simplified administration, and potentially broader coverage options for the members of the group.

To enroll in a Group Scheme insurance policy, you typically need to be a member of the designated group, such as an employee of a company, and your employer or group administrator will facilitate the enrollment process on your behalf.

A Group Scheme insurance is a policy that provides coverage for a group of individuals, such as employees of a company or members of an organization, under a single master policy.

Yes, individuals covered under a Group Scheme insurance policy may have the option to customize their coverage based on their specific needs and requirements.

Premiums for Group Scheme insurance are typically calculated based on various factors, including the size of the group, the level of coverage selected, the age and demographics of the group members, and any previous claims history.

Group Scheme insurance is a policy that provides coverage to a group of individuals, such as employees of a company or members of an organization, under a single master policy.

Some advantages of Group Scheme insurance include cost savings, simplified administration, broader coverage options, and potentially lower premiums due to the collective nature of the policy.

Group Scheme insurance is beneficial for employers looking to provide insurance benefits to their employees, associations or organizations seeking insurance coverage for their members, and any group of individuals looking to leverage the advantages of group insurance.

Below is a list of Group Schemes providers.
Please note: The information about each provider is sourced from publicly available data.

Assupol Favicon

Assupol

Assupol Group Schemes

Prosperity groups. Prosperity Life Ltd, the first black-owned insurance company licensed in South Africa, was founded in 1951 by a group of Transkei ...

Disclaimer: Assupol Life Ltd reg no 2010/025083/06. An insurer licensed to conduct life insurance business. Authorised financial services provider. FSP53.

Momentum Favicon

Momentum

Momentum Group Schemes

Group life insurance that financially protects employees & their families. Benefit options include death, critical illness, and disability.

Disclaimer: Momentum is part of Momentum Metropolitan Life Limited, an authorised financial services and registered credit provider.

Vodacom Favicon

Vodacom

Vodacom Group Schemes

Group Schemes cover is generally less expensive than individual cover. VodaSure Group Schemes ensure that all premiums are subject to tax and your benefits are ...

Disclaimer:

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Sanlam Favicon

Sanlam

Sanlam Group Schemes

To help employers protect their employees, Sanlam offers group risk products designed to insure employees in the event of illness or death while working.

Disclaimer: Sanlam Limited is the licensed controlling company of the Sanlam Limited Insurance Group. Sanlam Life Insurance Limited is an insurer licensed to conduct life insurance business and is a licensed financial services provider and a registered credit provider.

Old Mutual Favicon

Old Mutual

Old Mutual Group Schemes

Our Group Risk Solutions offers a wide range of life, disability, and income protection benefits as well as added value services such as funeral support ...

Disclaimer: Old Mutual Limited (OML) is a licensed Controlling Company of the Designated Old Mutual Limited Insurance Group. Registration number 2017/235138/06. Entities in the Group are Licensed Financial Services Providers and Insurers.

Rand Mutual Assurance Favicon

Rand Mutual Assurance

Rand Mutual Assurance Group Schemes

RMA's Group Scheme funeral cover provides financial protection to people who belong to group schemes such as churches, Stokvels, Unions, Clubs or other similar ...

Disclaimer: Rand Mutual Assurance Company Limited is the licensed controlling company of the designated Rand Mutual Insurance Group. Registration number 1899/000876/06.

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Metropolitan Favicon

Metropolitan

Metropolitan Group Schemes

We offer a suite of insurance solutions and products specifically designed to help South Africans achieve their financial life goals.

Disclaimer: Metropolitan Life is part of Momentum Metropolitan Life Limited, a licensed life insurer and an authorised financial services (FSP44673) and registered credit provider (NCRCP173).

Diasporainsurance Favicon

Diasporainsurance

Diasporainsurance Group Schemes

Diaspora Insurance covers 13 nationalities Botswana, Eswatini, Ethiopia, Ghana, Kenya, Malawi, Mozambique, Namibia, South Africa, Tanzania, Uganda, Zambia and ...

Disclaimer:

Stangen Life Favicon

Stangen Life

Stangen Life Group Schemes

Group cover products from Stangen provide employees with peace of mind that their loved ones will be taken care of if they no longer can.

Disclaimer: Product of King Price Life Insurance Limited, a licenced insurer in terms of the Insurance Act, 2017. Registration Number 1948/029011/06 (Authorised FSP: No 47235).

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Simply Favicon

Simply

Simply Group Schemes

Protect your employees and get peace of mind with Flexi Staff Cover. Our quick, digital sign-up takes just minutes.

Disclaimer: Simply Financial Services (Pty) Ltd (Simply), registration number 2011/132479/07, is an authorised financial services provider (FSP), FSP Number: 47146

Fedgroup Favicon

Fedgroup

Fedgroup Group Schemes

Give your employees the security of knowing that a lump sum with be paid in the event of their death, disability or if they contract a life-threatening disease

Disclaimer: Fedgroup Financial Holdings (Pty) Limited a licensed controlling company (Registration number 2015/412407/07). Entities in the Group are Authorised Financial Services Providers and Licensed Insurers that offer a broad spectrum of financial solutions to retail and corporate customers across key markets. Copies of our licences are available on our website or on request at any of our branches.