Augmentation Policy

 

Augmentation provides employees with top up cover of the COID benefit to ensure that they can still maintain their usual lifestyle by receiving the right compensation at the right level of benefits for their income.

Cover details are as follows:

  • Earnings enhancements to a maximum of R7.5 million for employees earning above the COID limit
  • Child benefits for up to 8 children, which is above the 3 children limit covered on COID
  • Family allowance for 100% disability
  • Accidents while at company sanctioned sports
  • Accidents while at company-owned dwellings

Benefits payable according to COID:

Temporary Total Disablement (Days Off)

Temporary income replacement benefit or days off benefit for days off work while the employee is injured, or while recovering from a work-related injury. The employee is paid 75% of their salary during their days off due to injury.

Permanent Disablement

There are two ways in which the employee is compensated for permanent disablement:

  • Lump sum payment – for disablement assessed between 1 – 30%
  • Monthly pension – for disablement assessed to be greater than 30%. Monthly pension paid out is a portion of the employee’s earnings at the time of the accident

Death Benefits

If the employee dies as a result of their injury, these benefits will be paid out to their beneficiaries

  • Once-off lump sum payment to the spouse/s;
  • Monthly pension to the spouse;
  • Monthly pension to the children: Payable until the age of 18 years unless the child is studying in which case an extension must be applied for; and
  • Once-off funeral benefit

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