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IconMEDICAL AID SCHEMES

Lifemed Medical Scheme

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Tel: (011) 208 1010
Fax: (011) 803 6489
Address:
Status House
15 Tambach Road
Sunninghill Park
Sandton
2196
Postbox:
Private Bag X49
Rivonia
2128

Since its launch in 1988 as a 70% medical scheme, Lifemed has evolved into 4 available options catering for diverse health care requirements and all levels of income. Liquidity and solvency ratios are well in excess of industry norms.

Cost-effective contributions
Medical aid contributions, if not managed carefully, can result in spiraling costs for both company and employee. Lifemed offers not only highly competitive rates, but bases these on income-based contribution tables, keeping costs consistently affordable.

Flexible benefit options
Employees differ from each other not only in what they earn, but in their individual and family circumstances.  This is why Lifemed offers four benefit options, allowing a company to tailor-make a solution that best fits its staff.

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From The Glossary »

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Accrued Benefits (Pension Fund):

The benefits for service up to a given point in time. This may be calculated in relation to current pensionable earnings or projected final pensionable earnings. A member is not necessarily entitled to receive accrued benefits should he leave the scheme prior to retirement. Another common meaning is the benefits that would be payable if all the members left service.
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