Group funeral expenses insurance takes care of the unexpected, and often exorbitant, cost associated with a funeral, on the death of any of your insured employees or any of their family members. It allows you the peace of mind to know you can help your employee’s family with a decent funeral, without your business incurring these unexpected cash outlays. This will mean reduced financial stress on your employee, and in turn, you the employer stands to benefit from a workforce with managed financial stress.
A stated benefit will be paid out to ensure the deceased employee or their family member as the case maybe is accorded a decent burial and send-off, without undue financial pressure on their loved ones or you, the employer. Benefits per life will depend on your request but from practice the usual range is K 5 000 to K25 000 for employee, spouse etc.