Benefits
At BankservAfrica you are more than just a number!
Our financial benefits are designed to support you in planning for a secure and prosperous future. We understand the importance of financial stability, not just for you, but for your loved ones as well.
With our comprehensive range of financial benefits, you can rest easy knowing that you have the tools and resources to manage your finances effectively. Whether it’s saving for retirement, investing in your children’s education, or simply ensuring that you have a safety net for unexpected expenses, our benefits are here to provide peace of mind.
We are committed to helping you achieve your financial goals and ensuring that you and your family are well taken care of, both now and in the future.
Health Plans
Medical Aid
Bankmed Medical Aid is a valuable benefit for all eligible employees at BankservAfrica. This includes both permanent employees and fixed-term employees who have been with us for more than two years and wish to join the scheme.
If you’re an eligible employee and not already covered by another medical aid as a dependant, you’ll need to join Bankmed.
For our fixed-term employees with contracts longer than two years, joining Bankmed is optional, but you’re welcome to request to join if you wish.
Supplemental Benefit
Kaelo GAP Cover is a valuable short-term insurance product for all employees, designed to manage unexpected medical cost shortfalls that your medical aid might not cover. These shortfalls can occur when your doctor or specialist charges more than what your medical aid is willing to pay, varying based on fees and procedures. With Kaelo Gap, you get peace of mind regardless of your medical aid plan, allowing you to choose the best doctors without worrying about full coverage of your medical bills.
Retirement Fund
Our retirement fund, underwritten by Old Mutual, is a fantastic benefit available to all our full-time permanent employees. It’s also open to those on fixed-term contracts longer than two years, provided they are under the age of 65 and choose to join.
We believe in helping you plan for a secure and comfortable future, and our retirement fund is designed to do just that. By participating, you can enjoy peace of mind knowing that you’re building a solid financial foundation for your retirement years.
FNB Banking Benefits
We have partnered with FNB to bring our employees the best rates with regards to Transactional & Savings Accounts, Personal – and Home Loans and Vehicle Finance
Group Risk Benefit
The Discovery Group Risk benefit includes life - and severe illness cover, disability protection, and funeral cover.
Global Educator
The Global educator is linked to the life cover benefit and provides cover for the continued education of your children in the event of your death.
Educational Assistance (Children's bursaries)
Our Educational Assistance benefit supports the children of our permanent employees, including legal guardians, in pursuing their undergraduate studies. We aim to provide financial support to help children achieve their educational goals, focusing on studies that align with our business's current and future skill needs. Priority is given to applicants experiencing financial hardship, ensuring those who need it most receive assistance.
Please note that the provision of Educational Assistance is discretionary and subject to approval