Voluntary Group Scheme

There is strength in numbers. This is a truth we are all familiar with. For decades our Voluntary Group Schemes have offered thousand of Basotho the flexibility they require in a Funeral product, allowing them to make savings and contribute towards socio economic development within their scheme sectors through the profit share model.

VG as we affectionately know it has preserved and enriched the Teaching Sector, The Nursing Sector, The Security Service (Police & Soldiers) as well as the Civil Service providing much needed cover and security. VG allows for extended family cover and has the Paid Up option,

A typical Group scheme has the following:

  • Funeral Benefits for member, spouse, children, parents and parents –in-law as well as extended family members
  • Life for the member and spouse
  • Accidental Benefit for member, spouse and children
  • Disability benefits
  • Retirement Benefits
  • Paid up Benefits at death, disability or retirement
  • Continuation Benefit

Our Group Schemes offer a maximum pay out of M30,000.00 with premiums starting from as little as M3.20 per month. Speak to your financial advisor to find out more about joining a Voluntary Group Scheme.