Welcome to Loss of Employment Insurance Scheme(LoEIS)!
The scheme serves as a shock absorber for subscribers that loss his or her job accidentally. We guarantee a safety net of scaled salary payment for 2 years for all our subscribers.
SA INSURANCE LoEIS
For Agents Only!
DO YOU KNOW?
- That loss of job is a daily occurrence in Nigeria
- That you can lose your job without warning
- That your family can suffer because of your loss of job
- That your salary could be guaranteed after loss of job
- How to protect your employment income against “accidental” loss of
Why will you be left in the ditch when you can secure your job through LOSS OF EMPLOYMENT INSURANCE SCHEME
WHO IS QUALIFIED?
To join the scheme, you must
- Be an employee of a rated company
- Be in a permanent employment in a qualified occupation
- Be earning a minimum salary as prescribed by the scheme from time to time
BENEFITS
a) Scaled Benefit
100% of the monthly salary for the 1st 6 months 75% of the monthly salary for the next 6 months 50% of the monthly salary for the next 6 months 25% of the monthly salary for the last 6 months
b) Supplementary Benefit
In the event of a new salary lower than the existing insured income, the cover shall provide the shortfall to place the insured in his original position as it was immediately before the occurrence of the insured event-loss of employment income.
c) Single Sum Benefit
A member may apply for payment of a single Sum Benefit as against the defined scaled benefit.
d) Death Benefit
A death benefit of an agreed sum assured stated in the scheduled will be payable to the beneficiary record.
WHEN BENEFIT IS PAYABLE
Benefit shall become payable from the scheme in the event of the following conditions when a policy holder:
- Has lost his/her job through no fault of his/her own
- Has been in the scheme for a period not less than 12(twelve) months
FREE LEGAL SERVICES
Policyholder shall enjoy free legal services on employer relationship.
For more information, please contact us: [email protected]
PREMIUM
- Premium shall be determined based on individual employment risk profile.
- Payment of premium could be monthly, quarterly, half-yearly or annually.
FREE LOOK PERIOD
Enjoy your 30 days risk-free period when you can sign on and decide to withdraw with 100% return of your money.
SA Insurance LoEIS is a simple, easy, timely and effective, driven by a robust IT- based platform.
For a safety net, shock absorber or cushions for the harsh effect of a sudden loss of job…