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Family Protection Scheme
As a sensitive employer, you are undoubtedly concerned about the welfare and peace of mind of your employees and wish to provide a sense of security in case of any unforeseen circumstance.
About this product
SICOM Family Protection (FPS) Scheme is a Group Whole Life Assurance open to all private companies and corporate bodies for their full-time and permanent employees.The objective of this scheme is to provide for benefits to the employee’s dependants in case of death of the life assured.
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Monthly Premium
Premium is normally set at 4% of monthly salary, shared equally between employer and employee
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Early Retirement
Insurance cover can be maintained even if the member leaves employment for any reason
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Additional contribution
Additional voluntary contributions can also be paid to secure higher sum assured
Product Features
Choose SICOM Family Protection Scheme & benefit from:
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Monthly Premium
Premium is normally set at 4% of monthly salary, shared equally between employer and employee
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Early Retirement or Resignation
Insurance cover can be maintained even if the member leaves employment for any reason
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Additional Contribution
Additional voluntary contributions can also be paid to secure higher sum assured
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Death Benefits
Sum Assured on death of a member shall be payable to the surviving spouse and /or children. In the absence of spouse and children, payment is made to legal personal representatives. The Sum Assured may be paid in the form of monthly pension upon request
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Options at normal retirement age
Under specific conditions, the member may opt to cash part or full sum assured on or after attaining 60 yrs
( Terms and conditions apply)*
Useful Information
Any private company and corporate body.
Minimum age at date of entry is 18 yrs
List of employees with Date of Birth, Gender and salary to be provided by Employer.
Member will be required to fill in Member Entry Form
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Monthly Premium
Premium is normally set at 4% of monthly salary, shared equally between employer and employee
-
Early Retirement
Insurance cover can be maintained even if the member leaves employment for any reason
-
Additional contribution
Additional voluntary contributions can also be paid to secure higher sum assured
This product is offered by: State Insurance Company Of Mauritius Ltd
BRN:C07007065
FSC License No: IS10000020