PurpleLife Employee Risk Benefits
For many, group insurance benefits form the backbone of their financial plan and it is through Hollard’s Employee Risk benefits, specifically PurpleLife, that your employees and their families will receive financial protection. It is a low-cost insurance solution that guarantees the insured the high value of a sum insured, 24 hours a day, in or outside of their professional activities.
Hollard provides quality risk and administration products, complimented by actuarial and risk management services. We are taking a significant role in extending the frontiers of group products, which have the flexibility and adaptability to meet today’s Employee Benefit needs.
We insure groups of people who are employed and are linked to an employer or a legally constituted association, such as companies, industrial bodies, state bodies, professional associations and sports associations.
Our products include the full range of risk products for groups of employees which include Group Life, Capital Disability, Accidental Death and Disability, Spouses Benefits, Dread Disease and Funeral Cover.
Summary of the key benefits
In the unfortunate event of your employee’s death, their dependants or designated beneficiaries will be eligible to receive a PurpleLife death benefit.
The PurpleLife disability benefit pays out a once-off amount when your employee is no longer able to work due to health reasons. We will pay a lump sum benefit if the employee is unable to perform the material and substantial duties of their occupation, or any other occupation for which they could be educated, trained and have had experience in, for any available employer.
Critical illness benefit
If your employee suffers any of the defined medically diagnosed illnesses, we will pay a once-off living benefit to help them deal with the associ- ated medical and living costs. Heart attack, coronary artery bypass graft, stroke, cancer, kidney failure, major organ transplant, loss of limbs, major burns, total blindness, coma and multiple sclerosis are the defined illnesses.
In the unfortunate event of your employee or their loved one’s death, a single once-off payment is paid to assist with the costs of the funeral and other associated expenses. You have the choice to determine an appropriate scale of benefits appropriate to employee needs.
Insurable groups or affiliations
Any affiliation or company may insure all its members or employees.
Choosing the correct coverage
You have the choice to determine your employee risk benefits, payable either as a multiple of their annual salary (one to five times), or simply as a predetermined flat benefit for all staff.
Minimum membership requirements?The member or employee must be affiliated to the group or employed by the company. A minimum group of five people is required. Maximum sum insured
Your members may be insured using a flat sum assured or based on a multiple of their annual income as at the commencement date or subsequently on their annual renewal date. The sum insured is restricted to a maximum of USD 1-million for life or USD 500 000 for disability. However, Hollard will consider higher maximums should the underwriter deem this appropriate to your employee’s needs.
Term of insurance contract
The contract is guaranteed for a period of one year but may be extended on request for a period of two years. Since the contracted period is one year, renewable each subsequent year, you may adjust the terms and conditions of the contract at the renewal date. This allows you to keep up with changes in your business or affiliation group.
Payment of premiums
Premiums may be apportioned monthly or annually.
Advantages for your employees
The death and disability benefit allows your employees peace of mind that, in the unfortunate event of their death or disability, they will not leave their families destitute.
Advantages for your company
You will be able to use the group life assurance policies to attract new and retain existing staff.
Advantages for associations
The contracting of insurance, by?professional associations or affinity groups ensures the lives of your members and affiliates remain protected.
In this way the strength of your organisation is secure, increasing your prestige and credibility. In the case of affinity groups, your employees may also be included in the group insurance scheme, not only your associates.
Tax deductibility of premiums?The employee may record the insurance premiums paid by you as tax deductibles, which reduces their overall tax burden.
The insured sum, paid by Hollard to the beneficiary on the deceased’s death, is not considered taxable income. When your company is the beneficiary and receives the sum insured in full or partially, paying the balance to the family of the deceased or a third-party by way of compensation, attracts a tax liability.
Generali and Hollard Group Risk International Partnership
Generali Employee Benefits and Hollard have entered into a partnership agreement where Hollard is the sole distributor of the Generali Employee Benefit offering on the African continent. This partnership ensures that your company has direct access to the worldwide network established by Generali Employee Benefits.
Your employees are an extremely important resource for your business. Although an investment when it comes to time and money, businesses often fail to invest in adequate insurance – accident insurance, in particular - for employees.
Hollard Mozambique’s Group Personal Accident Insurance provides coverage for you, as a business owner, and gives accidental injury, death or disability insurance to any employee during the length of their employment. Benefits are chosen by you based on earnings or fixed amounts and accident insurance cover can be tailored to 24 hours, or working hours only.
What does Group Personal Accident Insurance provide cover for?
- The accident insurance policy covers injuries to the nominated personnel as a result of an accident
- Various benefits can be extended to include illness cover, upon application.
- Benefits can be based on earnings or fixed sums
- The benefit is payable to the insured, i.e. the employer and not the employee
- The employer has the choice to distribute the amount payable in the event of a claim
Cover of Group Personal Accident Insurance includes:
- If there are no dependents, the benefit could be used for costs of retraining or recruitment
- Where there are dependents, the employer will be in a position to choose to pay a percentage of the benefit to the family, and use the balance for costs incurred as the employer
- The employee may suffer a permanent disability as a result of his / her injury
The benefit paid could be used for the costs of a prosthesis device - if needed - or for rehabilitation (depending upon the degree of disability)
Temporary total disability
- In the event that the insured person (employee) is temporarily disabled and cannot attend to his normal duties, the employer can claim the actual earnings that he has paid to the employee
- This benefit will reimburse the insured person for medical costs incurred as a result of the accident, including emergency transport
Our policy wording can include various extensions such as:
- Disfigurement (not limited to burns)
- Funeral costs
- Rehabilitation costs
- Mobility costs
- Body transportation costs
- Emergency transportation costs
Optional extensions may be provided at additional cost:
- Temporary Total Disablement following illness
- Dread Disease Cover
- Daily Hospital Cash Benefits - as a result of accident or illness
- Unusual risks
This insurance cover is vital if your business’ efficiency is dependent on the well-being of your employees.
Policy terms and conditions apply.
It is vitally important to invest in the lives of your employees. With funeral cover, your employees are ensured a helpful financial base for their families, should they pass away.
You, as the employer, enjoy peace-of-mind in knowing that you’re helping your employee's family conduct an honourable and dignified funeral, without your business having to take the brunt of funeral costs.
Hollard Mozambique's Group Funeral Cover solves the issue of unexpected and excessive funeral costs, in the event of the death of one your insured employees.
How does our funeral insurance benefit you?
Under this Group Funeral insurance policy, an agreed benefit will be paid to deceased employee’s estate, or their immediate family, in order to comfortably conduct the processes surrounding a funeral, and without their loved ones, or you as employer, having to be exposed to the financial pressures.
No medical examination is needed for Group Funeral insurance. Your employee is guaranteed of acceptance provided all their documentation is in order, and they are of Mozambican citizenship, aged between 18 and 65 years.
Policy terms and conditions apply.
Keeping employees healthy and productive
The health of employees is critical to the success of your company. Our PurpleHealth plan provides your employees with affordable health insurance
Comprehensive healthcare is not always available in-country or in the region where your valuable employees are working. PurpleHealth bridges this gap by providing local hospital cover and, where necessary, facilitates the evacuation of the employee to another hospital which provides the medical care required to return the employee to good health.
Choice of Health insurance solutions
Hollard has created the PurpleHealth range of health plans with you in mind. We offer five key plans PurplePlan, PurplePlus,PurpleMax ,PurpleVac and PurpleVacPlus.
Depending on the plan you choose PurpleHealth provides ample cover for hospitalisation and emergency evacuation, whether by land or by air, within your employee’s country of coverage or to the nearest appropriate facility that is best equipped to handle their unique emergency.
What we stand for
As a leading insurance brand, we know that if we want to make a difference, we need to do things differently. We need to be flexible, innovative, ahead of the curve and committed to world class service.
An internationally proven administration platform means your PurpleHealth plan is efficiently managed by a dedicated team of health experts. An online administration process allows you ease of access to your employee’s plan details, policy information and settlement information.
Your employees will receive a membership card with their personal reference number as well as all the contact information they may need. Your employees need to make sure always to have this card with them and use it as identification when contacting Hollard or upon admission to a hospital.
Your employees may reach PurpleHealth 24 hours a day, 7 days a week, 365 days a year! Call us if there are any questions about the plan, or to submit a claim, or in case of an emergency.
PurpleHealth offers your employees an international health plan on affordable terms.
Hospital and service provider agreements
Membership with PurpleHealth provides your employees with access to hospitals and medical service providers throughout the world.
Accompaniment and compassionate benefit
We realise that any life threatening event requires the support of family. The PurpleHealth plan benefit allows for a family member to accompany your employee in the event of hospitalisation.
Regulatory approved plans
Our PurpleHealth plans are accredited and endorsed by the regulatory authorities, in the countries which benefit from our extensive operations.
A partnership of strength
Hollard has partnered with Van Breda International (VBI), a large worldwide organisation which has a proven track record in managing cross-border medical insurance. VBI is part of the Cigna group, a large US-based global health insurance provider.
Let us help you choose the right cover
Hollard’s PurpleHealth plans allow your employees to select a benefit plan to match their specific needs, choosing the level of cover which suits them best.
Your employees may choose from three HealthPlans – PurplePlan, Purpleplus and PurpleMax – if they wish to have in-hospital cover combined with the safety of an Evacuation Plan. This will grant them coverage, not only in their country of residence but also in another country (defined in the policy) ensuring them the best possible medical care. The coverage within each plan differs, based on the maximum coverage, quality of hospital rooms and extent of medical care.
Your employees may choose from two Evacuation plans – PurpleVac and PurpleVacPlus – if they only want access to an evacuation service which will transport them to the nearest appropriate medical facility. The PurpleVacPlus extends their evacuation plan providing coverage for the cost of the hospitalisation.
By law, Mozambican businesses must provide workmen’s compensation to all employees. Hollard Mozambique offers a comprehensive workers’ compensation insurance policy that will cover your employees against work accidents, in compliance with legislated requirements.
The following employees can be covered by our workers’ compensation policy:
- Permanent workers
- Apprentices, probationers and trainees
- Voluntary workers
- Independent workers
Employee benefits include cover for the following:
- A work accident that causes injury or disease to the worker, whilst at work
- Accidents that occur while transporting workers from or to the work place if the transport vehicle belongs to the business
- In special cases accidents that happen outside of work hours are covered, if the workers are compelled to reside at the workplace
You, as the business owner, have the option between full and partial cover. Either option would fulfil your legislated requirement as an employer (you should, however, ask that both options are fully explained for your consideration).
Hollard Mozambique will compensate the insured in the following events:
- Disability and death
- Temporary or partial disability
- Permanent disability
Stipulated pension pay-outs and employee benefits will be provided to the insured, or the insured’s spouse - as long as the resulting widowhood continues. Under specific circumstances we will adjust pension pay-outs if the degree of disability changes drastically after the pension has been set up.
Terms and conditions apply.