Employee Value Proposition for Food Lovers Market - 11 August 2021
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Employee Value Proposition for Food Lovers Market 11 August 2021
What is in it for your FLM employees?
Bringing employees possibilities to life with competitive, holistic banking solutions and exclusive
offers, convenient banking channels, and free financial education
2
Employee Value Proposition
“Seamlessly bringing employee possibilities to life through four key capabilities”
“At Absa, we do more, so that your employee can”
1 2 3 4
Product and Service offerings Financial Education Wellness Remote Account Opening National Resource Footprint
Life stage & Life style appropriate Growth through peace of mind Ultimate convenience Experienced & licensed
• Holistic full value retail solutions: • Designed to support your employees • Remote account opening technology: • Dedicated External Sales resources
- Pulls together core and relevant financial wellness = increased productivity, best in market enabled remotely with national reach
offerings into one CVP lower absenteeism, knowledge, hope,
confidence and mindfulness • Secure, fast and user friendly • Sales Regional Managers and Team
• Transaction & Credit Cards Coordinators will manage B2B entry
- Basic to Private banking • Focused on post c-19 preservation and risk • Card & Pin issued immediately
point relationships in collaboration with
- Includes Death, Retrenchment & • Multiple programs for all levels of employees • Seamless digital integration (FIC Commercial Absa Bankers
Disability at no additional cost at no cost to the organisation documents)
- Family: 50% off spouse, kids free • Islamic and Youth/Student Specialist
• Consumer Education: BBBEE Scorecard – • Dedicated Contact Centre
• Lending: C-19 debt relief for existing clients Financial literacy and Gender Based Violence • Premium Acquisition Bankers
- Personal loans: Best rate guaranteed • Dedicated digital portal: for employee /
• National distribution capability through a Level • Trusted advisors to add value through
- Debt consolidation 1 BBB-EE partner/s employer information and support
deeper customer relationships
- Vehicle finance at discounted rates • Flexible, virtual & physical delivery capability • Bank on Wheels mobile ATM:
• Single point of entry to access &
- Home Loan: special cash back reward aligned to employer needs capability with footprint in all provinces
support solutions across the Absa
• Savings & Investments / Islamic Banking • SETA approved facilitators • Best in market digital and physical franchise
• Employee Cover Package •
marketing collateral: supports
Flexible modular based with scalability • Specialist solutions teams: Home
awareness and brings credibility to
• Travel & International Banking • Attendance certificates Loans, Vehicle Finance, Private
employer
• Banking, Financial Planning
Absa Rewards: up to 30% cash back on • Proven Cognitive Gain track record
groceries, fuel and pharmacy etc. • Multi channel approach: Compliments
• Low business impact: co-designed to fit
• Special promotions industry & production demands physical, digital and voice choices
Terms and conditions apply
FLM Employee Benefits Home Loans:
Transactional Accounts: Everyday Banking • Ordinary loan: monthly 0.20% cash back for 36 months (or)
• Transact account @ just R4.90pm • MyHome: for 1st time buyers, get up to 100% loans to value (LTV)
• Flexi Account @ just R29.00 pm incl. R15,000.00 death benefit • 50% discount on Bond registration fees &
• Gold & Premium Value Bundles: • Zero initiation fee – a saving of R6 037.50
• Death benefit of up to R25,000.00 • May qualify for government housing subsidy grant - Finance Linked
Individual Subsidy Programme (FLISP)
• Retrenchment & Disability Cover of up to R20,000.00 • Free home buying digital education course
• Family Banking: discounted bundled offer incl. 50% spouse & free https://absamyhomeownerjourney.co.za/public/login/false
banking for kids • Great Escape: switch existing bond an save with great benefits
Credit Card: Building your credit history • Young Professionals: Compelling 105% loan to value plus preferential rates
• Get up to 57 days' interest-free credit, free Lost Card Protection & Savings and Investments: offers customers flexibility
automatic Travel Insurance. Access to 24/7 assistance with optional Credit
• Capital and interest is guaranteed over the period of the investment
Life Protection up to R150,000.00. Live your lifestyle the way you want!
Personal Loans: at best rate guaranteed • Select access or no access to funds, & a term or notice period that suites you
• New Personal Loans & Debt consolidation with Balance Transfer International Banking & Travel:
• Special offers on borderless banking
Vehicle finance:
• Cash send in SA & Western Union cross boarder payments
• Interest rate concession of up to prime less 0.60%
• Up to 30% cash back on Etihad flights & 15% on using Travelstart
• Currency Investment Accounts: Save in foreign currency
Personal Lines Insurance:
• Medical Gap Cover, Legal and Personal Lines short term
• Activate: Short term insurance (digital platform)
Wills & Estate Planning:
• Wills: Free drafting for estates >R500k in assets
• 50% discount on initiation fee
• Flexi Funeral Plan: peace of mind from just R43pm
• Up to 30% discount on Short Term Insurance
• FASTBuy: sell your vehicle fast online, access to over 400 Absa approved Islamic Banking:
dealers that privately bid for your car • Shari’ah-compliant solutions that cater for your every need
Absa Rewards: Private Banking:
• Get rewarded for the products you have and the way you bank. Get up to • Experience the benefits of a Private Banker
30% cash back on groceries, fuel and pharmacy spend amongst other Employee Wellness through Financial Education:
great partner benefits e.g. 15% cash back from Travelstart etc • Free and provided by a level 1 BBB-EE service provider and accredited SETA
• Instant Rewards with Absa Advantage for banking smarter facilitators
Terms & Conditions apply to the various product offerings
Home Loan solutions for
FLM employees.
R R R
R
Conditional Cash-Back Ordinary Home Loan Buy-to-Let Home Loan MyHome Home Loan* Finance Linked Young Professionals Great Escape Home
Rewards Individual Subsidy Home Loan Loan*
Employees with a joint For residential property For first time home Programme (FLISP)
Aimed at employees of or single monthly income investors, offering buyers with a joint or A home loan for young For existing home
a corporate, where Absa more than R25 400. property management and single monthly income of A government housing professionals to secure owners, allows you to
holds an agreement protection solutions. R25 400 or less. subsidy programme for their first home if under switch your current home
to provide banking • Up to 100% homeloan the age of 35 and have a 4 loan to Absa.
• We include future rental
first-time buyers.
products/offerings to • Up to 100% Loan-to-Value year qualification (NQF 8).
• Use MultiPlan to structure income in your affordability • For people with asingle
their employees. assessment, even without
• Zero initiation fee, the
your loan to suit your • 50% discount on Absa Panel or joint gross monthly
individual needs a lease agreement.This • Up to 105% bond on a customer saves R6037.50
Attorney bond registration household income of
• A benefit equal to 0.2% purchase price of up to R (including VAT)
solution is for seasoned costs between R3 501 to
annual interest for a • Fixed and variable rates investors with two ormore 1.5 million. An extra 5%
R22 000 • A negotiated discount of
36 month period, to help you afford your new residential properties in their • Zero initiation fee, the towards transfer & bond
calculated on the monthly home. registration costs. 30% on Absa Panel Attorney
portfolio. customer saves R6037.50 • Successful applicants can bond registration costs (VAT
outstanding home loan
balance*. • Immediate access to any (including VAT) qualify for a subsidy of incl)*
• TPN – tenant management • 30% discount onattorney
extra payments you’ve between R27 960 and bond registration costs
software, leasing documents • A free professional • Over and above the 30%
• The payment will be made into your bondwith
and suburb investment
R121 626
made into thenominated FlexiReserve Borrower Education • An attorney that comes to discount, Absa will cover an
participant’s Absa reports. 25% discount on Programme, which will help you to sign yourdocuments additional maximum of upto
costs. you with budgeting,
Rewards account. R30 000 (VAT incl) of your
learning the ins-and-outs of bond registration costs*
homeownership and other
useful information.
*Terms & Condit ions Apply
Cert ain specific value proposit ions and campaign offers may not be t aken in conjunct ion wit h t he Group Scheme Condit ional cash back Rewards offering.
Family Banking Packages
Single Parent Extended Family Young Family Older Family
• Gold/Premium Account • Gold/Premium Account • Gold/Premium Account
• Gold/Premium Account
o With embedded benefits o With embedded benefits o With embedded benefits
o with embedded benefits
• Gold/Premium Spouse Account • Gold/Premium Spouse Account • Gold/Premium Spouse Account
• Free MegaU Account
o With embedded benefits o With embedded benefits o With embedded benefits
o with embedded benefits
• Free MegaU Account • Free MegaU Account • Free MegaU Account
• Bank on me
o With embedded benefits o With embedded benefits o With embedded benefits
• R5000 free cover when you
• A full solutions for students which • R5000 free cover when you take up • Prosperity account for the grand parents
take up the Gold value bundle
includes a Student account, Student the Gold value bundle and a (Above 55 years) with a monthly rebate of up
and a standalone funeral cover
Credit Card, Student Loan standalone funeral cover for you and to R500
for you and your child/kids
• Bank on Me your child/kids • A full solutions for students which includes a
• Absa Rewards (Optional)
• Prosperity account for the grand parents • Bank on Me Student account, Student Credit Card, Student
Key Benefits:
(Above 55 years) with a monthly rebate Key Benefits: Loan
1. Retrenchment cover
of up to R500. 1. Retrenchment cover • Bank on Me
2. Disability cover
• R5000 free cover when you take up the 2. Disability cover • R5000 free cover when you take up the Gold
3. Lumpsum Death Benefit
Gold value bundle and a standalone 3. Lumpsum Death Benefit value bundle and a standalone funeral cover
4. Mobile Data for the kids
funeral cover for you and your kids 4. Mobile Data for the kids for you and your kids
5. Takeaway vouchers
Key Benefits: 5. Takeaway vouchers (texted to Key Benefits:
6. Free Kidz activities
1. Retrenchment cover phone) 1. Retrenchment cover
7. R5000 free funeral cover
2. Disability cover 6. R5000 free funeral cover 2. Disability cover
8. Pay for your family’s banking
3. Lumpsum Death Benefit 7. Pay for your family’s banking fees 3. Lumpsum Death Benefit
fees
4. Mobile Data for the kids 8. And more… 4. Mobile Data for the kids
9. And more…
5. Takeaway value added services 5. Takeaway vouchers
6. R500 back in grand mother/father’s 6. R500 back in grand mother/daddy’s pocket
pocket monthly
7. R5000 free funeral cover 7. R5000 free funeral cover
8. Pay for your family’s banking fees 8. Pay for your family’s banking fees
9. Travel vouchers for students 9. Travel vouchers for students
10. And more… 10. And more…
Absa Travel and Foreign Exchange Benefits
Absa Gap | About Absa Gap Cover and Benefits
What is Gap Cover?
• Product covers the difference in costs between what a medical aid scheme pays for an event in hospital, and what a provider actually charges
• It is a short-term insurance policy
• It is not a medical aid product
• Absa offers four types of Products as stated in the table below
BENEFITS Cover Limits Absa Silver Absa LPE Absa Gold Absa Platinum
Gap 100 ● ● ● ●
Co-Payment Cover ● ●
One Penalty Co-Payment
● ●
(R10,000 Limitation)
Sub-Limit Cover ● ●
R173,000 per person
Cancer Cover in the family ● ●
Casualty Ward Benefit
● ● ● ●
(R10,000 Limitation)
Medical Expense related to
10 defined procedures ●
(R100,000 Limitation)
Dread Disease (severe Once off R50 000 on Diagnosis
●
illness) Benefit
Once off benefit of
Trauma Recovery Benefit ●
(R5,000 per family per annum)
Lump sum of 6 months Medical
Scheme contribution and
Premium Waiver Benefit ●
Gap Cover contribution
Per family per month - 18 to 65 years
old R340.00 R360.00 R407.00 R440.00
Premium
Per family per month - 66 Years and
Product not
older R430.00 R455.00 R520.00
availableEmployee Wellness: through Financial Education
Available programs:
National Delivery:
1. Consumer Education: Gender Based Violence & Financial Literacy
Level 1 BBB-EE service provider
2. Wealth Creation: (LSM 3-5) - 1 to 2 hour modular based
SETA approved facilitators
3. Wealth Preservation (LSM 6-8) - 1 to 2 hour modular based
Flexible modular based program
4. Pre retirement (45 years of age+) - 2 hour
Employee attendance certificates
5. ReadytoWork: digital online, module based for youth (16 to 35 years)
Cognitive gain reporting (MI)
6. Digital Eagles: Digital Banking savvy
Low business impact
7. Borrower Education: for first 1st time home owners
Min of 30 employees per sitting
8. Financial & Estate Planning
Personal budgeting Managing debt Using credit smartly Your rights & responsibilities
(NCA & CPA)
Everyday banking Growth & wealth creation Protecting belongings,
Wills and Estate Planning
Terms & Conditions applyConsumer education
What will be covered in the consumer
financial education sessions?
This training workshop will cover the following topics :
Through accredited training providers, our free
consumer financial education sessions will aim to 1. Spending, losing and making money
improve financial literacy and knowledge; thus, 2. Saving money
allowing consumers to understand the financial 3. Managing money
sector – and its products and services – better. 4. Managing credit and risk
A certificate of attendance will be offered to all participants who complete the workshop.
All training complies with Code Series FS 500, statement 500 and is according to the 'Consumer Education Element of Broad
Based Black Economic Empowerment’.Gender-based violence education
Unpacking the gender-based violence
(GBV) session:
GBV is a profound and widespread problem in South Africa, impacting almost every aspect of life. GBV occurs as a result of normative
role expectations and unequal power relationships between genders in a society. In collaboration with Father a Nation, we have
developed a curriculum comprising the following:
Module one: Understanding GBV Module three: Why men abuse
• The definition and different forms of GBV • No excuse for abuse
• The facts about GBV in South Africa • The four main reasons why men abuse (not excuses!)
• The role of power differentials in GBV • The South African context
• The effect of alcohol and substance abuse
• Strategies that abusers use
Module four: Overcoming GBV
Module two: Masculinity and abuse • Five actions that every man needs to take to stand up against GBV
• Understanding masculinity • Five actions that women can take to add their power to the cause
• The role of fathers, mothers and the society in raising good men • Pledge to action
• Healthy vs unhealthy masculinity
A certificate of attendance will be offered to all participants who complete the workshop.Terms and Conditions
This document has been prepared by Absa Bank Limited (“Absa”) for information purposes only. This document is an
indicative summary of the terms and conditions of the securities/transactions described herein and may be amended,
superseded or replaced by subsequent summaries. The final terms and conditions of the securities/transactions will be
set out in full in the applicable offering document(s) or binding transaction document(s).
The opinions and recommendations expressed in this presentation are made by Absa, having considered your information
disclosures. Neither Absa, nor any officer or employee shall be liable for any direct or consequential damage or loss
suffered as a result of any action taken by you in respect of these opinions and recommendations, where material
information disclosures in your Request for Proposal or as requested by Absa from you are incomplete or have not been
made.
Prior to investing or transacting, you should fully understand the products and any risks related to or associated with
them. Absa does not predict any (actual) results, performances and/or financial returns and gives no assurances,
warranties or guarantees in this regard. Any information on past financial returns, modelling or back-testing is no
indication of future returns or performance.
Copyright in this presentation is owned by Absa. No part of this presentation may be reproduced in any manner without
the prior written permission of Absa. The contents of this presentation are proprietary to Absa and are being made
available in a strictly confidential basis. At no stage may any disclosure be made regarding the contents of this
presentation without the prior written consent of Absa.
Absa Bank Limited is a registered bank in the Republic of South Africa with company registration number:
1986/004794/06 and with its registered office at Absa Towers West, 15 Troye Street, Johannesburg, Republic of South
Africa and is regulated by the South African Reserve Bank. Absa is a licensed Financial Services Provider and a registered
Credit Provider NCRCP7.
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