There are four kinds of insurance available to staff on grades 6 and above as well as academics:
Membership of RUMED automatically entitles staff to Funeral Benefits for all registered dependants on the medical aid. This is at a nominal cost which, like the medical aid contribution itself, is subsidised on a 50/50 basis.
Upon a claim, the payout would be R9000 per approved beneficiary. RUMED Funeral Claim Form. Please direct queries to the HR Generalist for your area.
Additional funeral cover is available to all staff at their own cost. This Group Voluntary Funeral cover is available through NBC Holdings (Pty) Ltd. To arrange cover or make enquiries, you will need to deal directly with NBC on (010) 206 0374. Alternatively you can visit the NEHAWU office on campus for assistance. Rhodes University will process the deduction from your salary, if you make use of this offer.
Staff on the Rhodes University Pension or Provident Fund administered by Alexander Forbes, are covered by a compulsory Group Life Policy underwritten by Capital Alliance Life until the end of the year in which the person turns 65. The cost of this is subsidised by the University on a 50/50 basis. The policy pays out twice the member's annual salary to the nominated beneficiary in the case of death or disability (as defined in the policy). Additional cover up to two times your annual salary can be purchased on joining the University or at major life events. This additional cover is not subsidised.
Please direct any queries to the HR Generalist for your area.
At Rhodes University, the portfolio of insurance for the institution includes a short-term employee accident insurance policy which is renewed annually. The policy provides accident insurance cover for various categories of employees and members of the Board of Governors and Council. This cover is in respect of accidental death or injury caused by outward violence and visible means. The premiums for this policy are paid for by Rhodes University and therefore legally, the insurance company is required to pay the institution for any claims. In the event of death of the staff member, the full benefits received will accrue to the employee's estate, to be distributed in line with the general requirements of the deceased.
The protocol outlines this in more detail: Protocol for Principles related to Employee Accident Insurance Benefits
Last Modified: Tue, 02 Sep 2014 12:24:27 SAST