Retrenchment Benefit

Have you thought about what you and your family will do if you are retrenched? Will you be able to survive financially? You might want to consider protecting yourself with GREENLIGHT Retrenchment Benefit.

How does it work?

It pays you up to six months’ income if you are retrenched from your job and become unemployed.

You can choose to protect your income from R3 000 to R30 000 and you can protect yourself until 65 years of age.

More reasons to choose GREENLIGHT Retrenchment Benefit:

  • Gives you the freedom to look for a new job without the financial pressure of not earning a monthly income.
  • It is available to HIV positive customers.

View the other GREENLIGHT products

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Life Cover

This insurance pays out a lump sum when you die. This type of insurance is typically used to:

  • Cover debt and estate duty costs.
  • Cover funeral expenses
  • Generate an income for your family from the lump sum payable
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Earning Ability Cover

Pays out a lump sum or monthly income if you become physically or occupationally disabled. Can be used:

  • To cover monthly expenses
  • For temporary/full nursing care
  • To make adjustments to your home or vehicle
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Future Needs Cover

Protects you against future uninsurability; the inability to pay premiums and save for emergencies. This type of insurance can be used to:

  • Buy lump sum cover in the future even if your health changes.
  • Continue premium payments
  • Meet a savings goal
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Business Cover

Cover that protects you, your business and key people in your business. These products are typically used to:

  • Cover key people in your business
  • Cover monthly business overhead costs if you become occupationally or physically disabled.
  • Continue the business if owners become disabled or die
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