SICOM

Group Family Protection

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.

Highlighted features
  • 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

Product Features

Choose SICOM Family Protection Scheme & benefit from:

  • Monthly Premium

    Premium is normally set at 4% of monthly salary, shared equally between employer and employee

  • Early Retirement or Resignation

    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

  • 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

  • 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

Highlighted features
  • 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

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This product is offered by: State Insurance Company Of Mauritius Ltd

BRN:C07007065

FSC License No: IS10000020