Maxim Employee Benefits consults to over 57 000 members on a national level, as the technology we use allows us to cater to a wide diversity of client needs. The following outlines the spectrum of the products we offer to existing and future clients:

umbrella funds

In response to changes within the retirement fund industry and the particular impact that these changes are having on small businesses and their employee benefit arrangements, Maxim employee benefits established two privately administered umbrella funds (pension and provident) that address the needs of small businesses as well as medium-to-large employer groups.

The independence of these funds is what makes them unique. Each and every service provider to these funds is independent - including the board of trustees, actuaries, auditors, investment managers and insurers. This independence ensures that there are no conflicts of interest and that the members' interests are placed first at all times.

private funds

Maxim employee benefits provides for the administration of a number of stand-alone private funds, the largest of which is a national organisation with over 250 pay points.

group risk

The unapproved risk scheme provides medium to large companies with group risk cover without having to belong to a retirement fund. The scheme is able to provide competitive premium rates with a wide variety of risk products such as death benefits, lump sum disability benefits, income replacement benefits, spouse's cover and funeral cover.

Cover is provided on an unapproved basis, meaning that the policies are not registered with SARS for tax purposes. The advantage of this is that at death the members' beneficiaries will receive the death benefit as a tax-free lump sum, and in the event of disability, the member will receive the lump sum disability benefit tax-free.

The permanent health insurance, or disability income, is however taxed in the same manner as a normal monthly salary. At present the scheme consists of over 23 participating employers operating in diverse industries.