There are various options and routes available to a debtor. Professional help such as Debt Mediation is an excellent alternative to the expensive and cumbersome Debt Administration/Review Companies.
Debt Administration, Review & Counselling are essentially the same thing; a Debt Counsellor is the person or company who enters you into a Debt Review payment plan (although the names are often used interchangeably).
With Debt Review/Counselling, a Court Order declares that you are over-indebted and cannot make your repayments. Once you are under Debt Review, your payments are reduced but it means you are blacklisted until all your existing debt is completely settled.
Debt Mediation is different. It does not involve the Courts like a Debt Counsellor would. Instead, our lawyers will negotiate with your creditors and mediate a new payment structure on your behalf.
Funeral Cover (Individual & Family)
| COVER | R10 000 | R20 000 | R30 000 |
| Member | 100% | 100% | 100% |
| Spouse | 100% | 100% | 100% |
| Children 14 – 21 (25) | 100% | 100% | 100% |
| Children 6 – 13 | 50% | 50% | 50% |
| Children 1 – 5 | 25% | 25% | 25% |
| Stillborn – 11months | 15% | 15% | 15% |
Double Accidental Cover:
If an Accident, solely and independently of any other cause, except sickness or disease directly resulting from, or medical or surgical treatment rendered necessary by such injury, occasions the death of an Insured Person on the policy within 12 (twelve) months from the date of the accident the Total Capital Sum Insured shall be double the amount the deceased is covered for under Funeral Policy:
R50 000 – maximum sum insured per Family involved in the same accident.
Accidental Commuter Cover:
If the Accident occurs whilst an Insured Person on the policy is travelling on public transport i.e. taxi, bus or train, then the Total Capital Sum Insured amounts shall be 2.5 x the amount the deceased is covered for under Funeral Policy
R75 000 – maximum sum insured per Family involved in the same accident.
Premium Bridging Benefit:
At the death of the Policy Holder/Main Member, the benefits for the spouse and dependent children will remain in place for a period of 3/6 (three)(six) months after the date of death of the Policy Holder, with no premiums being paid for this period.
End-to-end value added solutions from Service Providers with expertise in the short and long term insurance market, healthcare and finance.
Through the use of technology and a wealth of service providers, Stabilis is able to offer a comprehensive menu of products from a diverse range of service providers. Services such as:
Services operate on a 24-hour call center with a staff compliment able to speak all major official South African languages with a vast amount of experience and a high level of client service
Legal Call Centre:
Legal Assistance is offered through a telephonic legal advice line – manned only by qualified and experienced in-house attorneys for guidance and information.
The in-house attorneys are available 24/7/365 to provide assistance across a broad scope of legal concerns ranging from criminal offences and labour matters to debt and divorce. Employees also have access to a library of useful standard documentation.
Estate Assist:
Statistics reveal that the majority of South African citizens die intestate. Persons who die intestate place the onus of responsibility for the winding up of such an estate upon the State and impacts on the build-up of administrational backlog.
Developed specifically for the individuals whom usually know nothing or very little about the benefits of drawing up a last Will and Testament.
Estate Assist offers support & advice that will enable the beneficiaries of a Deceased Estate to settle the Estate themselves without the involvement of a legal practitioner.
Estate Assist will also be a major benefit and support document under the regulations of Article 37C to the Trustees of any Provident/Retirement Fund to identify the legally correct recipients of the benefits. It will limit the conflict potential with the Trustee’s Beneficiary identification & it will significantly speed up this process
A transactional account should help you save, not make it more difficult. Stabilis link service providers that operate innovative new bank accounts to make transacting much more affordable, simpler and more secure while also helping you to grow your savings.
The traditional commercial banking sector in South Africa does not make managing your money very easy; banks are not trusted and compound the unsafe “full-salary-withdrawal” culture. The costly bank charges for payment, transfers and cash withdrawals prevent people to save.
• advice on budget planning.
• advice about different saving options.
• how to use debit/stop orders to achieve financial discipline and regularity.
Submitting a claim on any insurance product can be very frustrating as Insurance Companies have the right to ask for various supporting documents before they will allow a claim to be submitted.
This can lead to claimants being chased around trying to find the required documents. In turn, this can cause claims to be dragged out before they are paid out.
A lot of frustration can be prevented when you contact our Claims Assistance service where guidance, advice and support are offered on any insurance related claim. Stabilis will offer this service even if the claim is not related to any of our own insurance products can be submitted for assistance.
Unique solution for groups with an intelligent & electronic Membership/Loyalty/Identification card/system. White-Labelled with a modern and dynamic design to enhance and strengthen employee loyalty with an improved sense of pride & belonging to a caring and innovative Group.
Provide accurate and current member demographic data and member administration functionality to Unions/Employee or Voluntary group cshemes
Discounts and Points Programme
The loyalty and rewards benefits are built into the Intelli Membership-Cards.
Discounts offered and points earned when using the Membership/Loyalty Card at more than
1 200 Retail Partners for Groceries, Airtime, Travelling, Accommodation.
Fully fledged customizable and secure CRM system that supports both Mobi & USSD Platforms.
In the case of a medical emergency at work, the member/employee will be covered for up to R25 000 for ambulance services.
At the Death of a Policy Holder (and/or the spouse in case of Family Cover) a R1000 benefit is allocated to the Beneficiaries to be redeemed in the form of Groceries, Airtime & Data to name a few. The vouchers are redeemable at any Shoprite/Checkers Group of Companies stores. In the absence of these stores; the Rand value will be paid via EFT to the beneficiary’s account
This benefit provides for the transportation of the Deceased Member/Dependant from the place of death within the borders of South Africa to the place of burial – also within the SA borders. The benefit covers Member & Spouse in case of Family Cover and Member only in case of Single Cover
Premiums are calculated on the employee/membership numbers of groups, their demographics and the benefits included in the final product offering.
The easiest way to make an immediate change to your financial situation is to address debt as a draining factor. How can you get of debt faster and when debt is needed, make wise decisions and using debt wisely? Debt is dangerous if you don’t manage it carefully. These steps can help:
Acknowledge the problem:
Calculate your total debt owed to every creditor even the ones you ignore. Get the big picture.
Do something or Find help:
There are various options and routes available to a debtor.
Professional help such as Debt Mediation is an excellent alternative to the expensive and cumbersome Debt Administration, Debt Review Companies.
If you want to make personal lifestyle & financial changes “Money Wise” Will guide you with:
Adjust your budget
Revise your budget, so you reduce your spending on just a few items each month. You then use the money you save to reduce your debt faster. Even on a small budget you will find there are expenses you can cut down a little.
Create strategies to deal with your debt
You have to work out which debt poses the biggest threat. This is often not the biggest debt you have, but the one with the highest interest rate. You need to settle or tackle those first!
No new debt!
While you are reducing your outstanding debt, learn the discipline to stop yourself from incurring any new debts.
Knowledge is the power that drives good financial planning. Start a formal budget process to identify any possible available funds. Only a budget can give you that knowledge and control.
Use this information wisely to plan your spending in the future so that you can reduce debt/increase expendable income, or save more, or both.
2.1 Work on a monthly and annual Budget:
Get into the habit of doing both an annual (on the same day each year) as well as a monthly budget (on same day at the beginning or end of each month). To help you get into the habit, a few steps to draw up a useful personal or if married, a combined household budget:
Learn what you earn
Understand your salary slips and bank statements so you know exactly what is coming ‘in’.
Know what you owe
Record your expenses carefully, so you know exactly what is going “out’. Remember the “hidden” costs like bank charges. (*)
Formulate your new budget,
Do this with set targets and limits for certain items/expenses.
• Review your budget
At the end of each month, compare your budgeted expenses to your actual expenses and make any required adjustments or corrections.
Authorised Financial Service Provider Number: 51094
Company Registration Number: 2016/119691/07