As a business owner, you have a company that cannot survive without you. Business Person Elect is designed to cover your income, the income of your business and its running costs when you are unable to work due to an injury or illness - temporary or permanent. By protecting your income, you are protecting much more.
Temporary
Income Protector
A temporary disability has the power to have a permanent impact on your income, family's livelihood and your business. Which is why we insist that this benefit is compulsory. Temporary Income Protector provides a monthly income of up to R150 000 per month for up to 24 months when you are unable work in your own occupation due to an injury or illness.
Additional
Benefits
Should you be diagnosed with a dread disease, this benefit enhances your Temporary Income Protector benefit by 20%.
This benefit provides R15 000 per month for up to two months should your spouse be unable to work due to an injury or illness.
Death
Income
This optional benefit will provide your nominated beneficiaries with your monthly Temporary Income Protection benefit for 6 months following your death to provide financial stability for your dependants.
Permanent Income
Protector
This optional benefit is designed to work in conjunction with the Temporary Income Protector benefit, providing extended cover to age 70, should you permanently be unable to work. Cover is available up to R150 000 per month.
Business
Overhead
Protector
To help ensure your business survival, this optional benefit covers a list of business expenses up to R150 000 per month should you become disabled.
Capital
Disability
Designed to dovetail with your Temporary Income Protection benefit, this optional benefit pays out a lump sum of up to R7 500 000 in the event of a permanent disability. When combined with the Permanent Income Protector benefit, this provides an unbeatable holistic disability solution.
BPE Product Brochure
Download our Business Person Elect Product Brochure
BPE Product Summary
Download our Business Person Elect Product Summary
BPE Application Form
Download our Business Person Elect Application Form
Vision has been designed to provide cover for your employees, whether they are blue collar, supervisory or management staff. Available as a compulsory or voluntary scheme, you can provide cover for even the smallest of staff complements.
Temporary
Income
Protector
This benefit is payable to you, the employer, during the time that an employee is temporarily disabled and unable to perform their duties. Following an accident or illness, this benefit will pay the lesser of R25 000 or 100% of salary for a maximum period of 12 or 24 months, subject to a waiting period of 1 month.
Life
Cover
Life cover ensures that, in the event of death, an employee’s family is financially able to maintain their standard of living. This benefit offers cover to an employee up to a maximum of 4 times gross annual income or R300 000, which ever is the lesser amount.
Dread
Disease
This benefit is designed to assist employees by providing a lump sum payout upon diagnosis of a listed dread disease up to the lesser of R200 000 or 3 times annual salary.
Capital
Disability
This benefit pays out a lump sum to employees should they become permanently totally disabled and unable to fulfil their duties. Cover can be selected up to a maximum of R200 000 or 3 times annual salary, whichever is the lesser amount.
Funeral
Funeral cover is designed to provide for the costs associated with the funeral of an employee or an employee’s loved one. Members can cover up to 6 extended family members on this benefit. Cover can be selected up to R15 000 for the employee and their spouse.
Accidental
Death
This cover ensures that if an employee passes away in an accident there is a lump sum payout of R15 000 to nominated beneficiaries to help cover costs that arise from their death.
Accidental
Permanent
Disability
Funeral cover is designed to provide for the costs associated with the funeral of an employee or an employee’s loved one. Members can cover up to 6 extended family members on this benefit. Cover can be selected up to R15 000 for the employee and their spouse.
Vision Product Brochure
Download our Vision Product Brochure
Vision Product Summary
Download our Vision Product Summary
Tailor-Made Protection Products
We have developed customised Income Protection solutions for various professional bodies and organisations. Contact sales@fmi.co.za for more details.
Masthead
Masthead Adviser Income Protection Plan
Masthead Adviser's Employee Plan
CASA
Chirosure
FPI
IEASA Income Protection Plan
ABSA
ABSA Insurance and Financial Advisers Income Protection Scheme