Salary Shield is a short term insurance policy for you and your spouse, which indemnifies the insured against the loss of salary/income due to illness. A daily cash hospital benefit of N$1 000 is included. A must have for the self employed who doesn't have the luxury of sick leave.
WHO IS COVERED?
You, your spouse or partner in a recognised customary union or co-habiting partner (under the age of 65) and a maximum of five (5) dependent children under the age of 21 who form part of the household are covered. Dependent children who study full-time at a recognised educational institution and who are under the age of 25 are covered under the hospital benefit.
WHAT BENEFITS DO I RECEIVE?
- Your gross income/salary up to a maximum of N$40 000 per month for loss of income/salary due to illness.
- N$1000 per day if hospitalised for 7 days and longer. Children’s benefit is N$500 per day. Max N$60 000 per family in every 5-year cycle.
HOW DO I CLAIM?
Submit a claim form within 60 days after the occurrence of an event together with relevant documentation pertaining thereto at your nearest Legal Shield office.
ONCE I HAVE CLAIMED, WHAT HAPPENS NEXT?
The claim will be assessed and the relevant benefit will be paid to you if your claim is approved.
WHAT IS THE MONTHLY PREMIUM?
There are various individual and family HIV including and excluding packages available. The cost of the premium depends on your age. E.g Individual (HIV excluding) premiums are:
- Age 1-25 Debit order premium N$138-00 and Salary Stop Order premium is N$131-00
- Age 26-35 Debit order premium N$204-00 and Salary Stop Order premium is N$194-00
- Age 36-45 Debit order premium N$293-00 and Salary Stop Order premium is N$279-00
- Age 46-55 Debit order premium N$370-00 and Salary Stop Order premium is N$357-00
ADDITIONAL FREE FUNERAL BENEFIT NOW ADDED!
The Insurer will pay a FREE Funeral Benefit upon the death of the Main Member or his/her registered spouse. The benefit shall be calculated using the monthly premium multiplied by 100. In order to qualify for this benefit the policy and all monthly premiums must be up to date for a period of 12 months preceding the death of the Main Member or his/her registered spouse.
Salary Shield is an essential income protector, shielding your salary in the event that you cannot work. This policy protects the insured against loss of salary/income and also has added hospital benefits.
Mr. Masheke was fortunate enough to benefit from his Salary Shield policy in 2008. Being a security guard proved dangerous when he was shot on duty. He was immediately admitted to a hospital, but fortunate for Mr. Masheke he maintained his salary and received a Hospital benefit of N$ 1000.00 per day while he was recovering.
Mr. Masheke is a true testament to the success and importance of these policies as he was able to pay his costly hospital fees and keep his salary. “I received a hospital benefit of N$ 60 000.00. I am truly grateful for what Salary Shield has done for me. If I had not signed up, I would not have been able to afford to see a doctor. This to me is a miracle.” Mr. Masheke is currently in a wheel-chair and is living life more gratifying that before, he is devoting more time to his family and is happy to have been given a second chance to life.