Employee Benefits

What is Employee benefits?

Employee benefits form part of an employee’s remuneration package. These benefits may include insurance products like Retirement planning, life insurance, medical aid etc.

Purpose of Employee benefits

The aim of employee benefits is to increase the financial security of employees, especially in the case of retirement, death or disability of the employees.

This has given rise to employers offering employees a formal, disciplined savings vehicle in the form of membership of a pension or provident fund.

What will we do?

VDB Brokers will help you and guide you through this process, from the first step of gathering information, to your annual anniversary and even those unforeseen claim events.

VDB Brokers has a selected and secured panel of product providers for your insurance needs. VDB Brokers will take care of the hassle, to source the quotations, and providing you with a comparison of the best options available, not only to suite your need, but to suite your pocket as well.

Employee benefit Products Include:

Pension or Provident Fund

This benefit is designed to provide the retired member with a pension income during retirement, also known as an annuity.

Group Life Cover

Provides a lumpsum benefit in the event of the death of a member.

Accidental Life Cover

Fulfils the same purpose as a regular life policy. Accidental death policies will only pay out in the event of the life assured dying as a result of an accident.

Spouse's Cover

Provides a lumpsum benefit in the event of the death of a member spouse.

Funeral Cover

Provides a lumpsum payment within 48 hours in the event of the death of a member spouse or child dependent.

Our Service Providers

Discovery
Momentum Funds at Work
Triarc

Disability Cover

Provides a lumpsum or monthly payment in the event of disability.

Disability Lumpsum: disability is a risk benefit which provides a capital benefit in the event of total and permanent disability.

Income Protection: disability is a risk benefit which provides an income benefit in the event of total and permanent or temporarily disabled.

Severe Illness

Severe Illness cover is a risk benefit that provides for the payment of a lumpsum on the confirmed medical diagnosis of a predetermined medical condition for example: Heart attacks, cancer etc.