Insurance

 

 

The PSA in association with Assupol Life Limited is proud to announce a special offer to members of the PSA.

Assupol Life Limited is an authorised financial services and credit provider with its main interest vested in life insurance and financial services. Assupol Life has been creating wealth for its policyholders since 1913 and is the insurer of first choice for thousands of people.
 
Our success is attributed to providing simple, relevant and affordable products to our selected market segment backed by a highly effective and professional sales and distribution team ensuring an efficient, seamless and personalised experience for our clients from inception to claim stage.
Assupol Life Limited offers risk, funeral, retirement and savings products:
·         Progress 4Sure Plan
Up to R200 000 Life, disability and dread disease cover. No medical or HIV testing required.
·          Progress Legacy Plan
Death, disability, critical illness and accidental death cover.
·          Maximumwealth Exclusive Policy
A savings product to help you save regularly.
·          Maximumwealth Cash Provider
A savings product that allows you to make cash withdrawals after 5 years that can be used to cover educational or other expenses.
·          Carefree Life Retirement Annuity Fund
An affordable alternative to providing for your retirement.
·          For more information call 0860 103 091.

 


AIG Insurance products

Accidental Cover

Cover for you and your family in the case of death, permanent and total disability and daily hospital expenses.

The AIG MVA Road Cover Benefits also offers the following:

  • Arrange for an initial assessment if required with a qualified and experienced Road Cover assessor.
  • All legal reports and assessments.

In the events of a motor vehicle accident in which you are injured, your membership of Road Cover entitles you to the following: www.aig.com


Comprehensive Protection Plan

The plan covers South African families against the financial consequences of a serious injury as a result of an accident.

Hospital Plan

Daily hospital covers at different cover levels

For further information, call 0860112077, 0860103595 or visit the websitewww.aige.com 

 

 

Metropolitan Life Products

  • DreamBuilder Family Funeral Products – offered by Group Schemes, negotiated especially for PSA members.
  • Metropolitan offers a Dream Building Policy that pays out tax-free after 10or 15 years. 
  • Retirement 
    DreamBuilder Pension Plan – offers a low minimum premium pure retirement annuity.

Provision for Education Cost

  • FutureBuilder
  • Financial Provider
  • DreamBuilder Edu-Plus Plan – offers one penalty-free withdrawal per annum after five years, and has an optional premium waiver on death or disability.

Investment Needs

  • Investment Provider.
  • Financial Provider (Pure Endowment) Mini - Dynamic Life.
  • Unit Trusts (local and off-shore).
  • DreamBuilder Savings Plan - offers a low minimum premium pure endowment.

Financial Protection

  • Financial Provider (Whole Life Endowment)
  • Financial Provider (Endowment with Life and Disability Cover)

Health Insurance and Medical Aid Top-up.

  • FutureMed (post-retirement healthcare assistance)
  • DreamBuilder CashBack Hospital Plan – hospital cash product that offers cash back after every 3 years if you did not claim and/or have paid all premiums up to date.

Inflation Protection

  • AIM (Automatic Inflation Management should be offered on all investment-related products).

Family Protection

  • Multicash Plan.
  • Capital Preservation Plan Family Care.
  • Children's supplementary benefit.
  • Parents' supplementary benefit.
  • Funeral supplementary benefit.
  • Direct Marketing Funeral Products.

Tax Relief

  • Retirement Annuity.

Contact the Call Centre on 0860 724 724 /0860 687 687, the nearest Metropolitan branch or visitwww.metropolitan.co.za.

Group Schemes offer the following products:

 Savings Plan Range

Investment Plan

Single Premium Investment Plan

Education Plan
Life Plan

Other Old Mutual Group products:

Greenlight
It includes the following:
Life Cover (Includes Death and Accidental Death Cover)
 
Lifestyle Adjustment Cover
 

Premium Protection
Hospital Cash Plan
My Home Protection Plan

For more information, visit your nearest Old Mutual Client Service branch, or contact your Group Schemes adviser, or our Communication Centre on 0860 60 7000. Lines are open 8am - 5pm, Monday to Friday and 9am – 12pm on Saturdays.

Professional Indemnity Cover for Nurses and Medical Technologists
 

The PSA is aware of the need for professional indemnity insurance cover for its members who, in the course of their official duties, may be exposed to claims for monetary compensation through the normal civil courts that will require them to have sufficient insurance cover, e.g. a Nurse who is sued by a patient for alleged negligence. The type of insurance cover is often referred to as 'malpractice insurance cover'.

The PSA has secured professional indemnity insurance cover for its nurses and medical technologist members of R1 million per individual member per year at no additional cost to the member. The professional indemnity insurance cover is part and parcel of the PSA membership fee.

Although many other unions have secured such professional indemnity cover for their members, the PSA's indemnity cover has been approved for an initial R1 million per individual member per year, with no limitation in the aggregate. This is a much more favourable cover that that of other unions that are offering, for example, cover of R5 million per member per year, but limited to R5 million in aggregate which means that once that R5 million is exhausted (by only a few claims) no further cover is available to any other individual member for a year!

For more information call Mustofin Finance on 0860 111 555

 

Sanlam Sky Solutions

Sanlam Sky in conjunction with PSA, brings you a range of financial products that 
will help you to:

  • Save for special purpose – such as a car, a wedding, retirement money 
    or emergencies.
  • Save for your children’s education.
  • Leave money behind for your loved ones when you die.
  • Have money to cope with financial obligations should you become disabled.
  • Provide money for a proper funeral for yourself and your family.

What's more, Sanlam Sky offers you professional financial advice. 
By investing in the right combination of products for your specific needs, 
you will have money for the good times in life as well as for life's setbacks.

Sanlam Sky Solution – taking care of your financial needs.

Accident cover

Life cover

Halala savings plan

Edu Focus - Educational Plan

A savings plan for education purposes.

Halala savings and Edu Focus Plan

The enablement of single premiums on both Halala Savings and Edu-Focus.

Other products:

  • Graduate Cash Growth Plan
  • Solution Life Plan
  • Cash Growth Plan  

With an extra R20 a member can have an opportunity to add the following add-on-benefits:

  • Moemedi Legal Benefit.
  • Buy ekaya Repatriation Benefit.

 

Call Sanlam on 0861 235 434 or visit www.sanlam.co.za

Cash Back Life Cover

 20% of your premiums back every 5 years. Make use of AVBOB Funeral Services Ltd and

 receive discount on funeral cost.  Up to R 200 000 cover. Premium from R 100.00 pm  

 Call Tsala Financial Services at 012 940 0050 for a free quotation

Get Avbob Cashback Life Insurance!
Click here


 

Insurance cover for PSA office bearers

Members or their substitutes who serve the PSA in an official capacity, for example to assist other members in work-related labour matters, when a member attends a meeting of a PSA branch or committee or even attends as a delegate the Annual General Meeting, Congress, Chairpersons' Forum or any other official PSA meeting, qualify for the following comprehensive insurance on death or permanent disability: Accidental Death: R250 000, Permanent disability: R250 000, Temporary disability: R2 500 per week for 104 weeks. Medical expenses: R20 000.  The costs for this cover are carried by the PSA.

 

PSA Life Benefit Plan

 

        

 

Exclusive Life Cover Plan without any medical questions or medical examinations for all PSA members.

 

  • Up to R250 000 life cover.
  • 24 Month waiting period for natural causes.
  • Premium skip benifits
  • Cash back bonus
  • Accelerated disability benefit

Liberty Invest Plan

  • Endowment policy
  • Three terms avaible 5, 10 and 15 years
  • Policy bonus paid into fund every 5 years

To apply call the PSA Life Benefit Plan hotline on 0861 077 774 or go to the website www.maxigroups.co.za or click here.