Group Life, A Pension/Provident Fund And Medical Aid Schemes

If the implementation of a NSSS (National Social Security Service) becomes a reality, employers will be forced to provide employees with life cover, a retirement savings option and/or medical aid. Although the details of such a NSSS are still speculative, it is assumed that if you do not have such cover in place, you will be forced to implement an insurance package provided by the government. By timely implementing an insurance solution that suits your company, it could benefit the company in that it can assist in retaining employees and additionally provide a tax benefit to the company.