Standard Bank Insurance Company - Standard Insurance South Africa

Unlike other bancassurance companies, Standard Bank functions as both an aggregator of insurance and a provider of insurance products. They obtain up to seven insurance quotes from South Africa’s leading insurance companies, while also offering a no-blame bonus, credit shortfall cover, deposit protector and return to invoice price benefits on the car insurance policy you opt into through them.

One call to Standard Bank Insurance Brokers gets you a quote from Auto & General, Santam, Mutual & Federal, Hollard, Regent, South African Underwriters and Standard Insurance Limited. They source quotes for short-term cover, namely, car insurance, home insurance and household contents cover with the following benefits.

Standard Bank insurance RoadCover

While you can claim directly to the Road Accident Fund in the event that you are injured in a motor accident on South Africa’s roads, RoadCover can manage the complex claims process for you. There is no hidden deduction when claiming from RoadCover, and you still receive the full amount owed by the RAF. All the administration of the claim is settled by them, taking half the time it would to do it yourself.

Standard Bank insurance for home services

A benefit provided by many insurance company, Standard Bank include home repair services in their home insurance cover. That is, household emergencies such as pest control and domestic appliance repair service are included. They also provide tutor and career counseling services, legal services, child help line and other services under Standard Bank Home Assistance.

Standard Bank insurance benefits for vehicle cover

The range of vehicle insurance benefits includes a no-blame bonus which promises that for claims submitted to Standard Bank for damage that was not your fault will not see you lose your no-claim bonus. The condition is that Standard Bank recover the excess from the third party who caused the damage.

The credit shortfall cover by Standard Bank insurance pays out the difference between what your car is worth at the time of total loss and how much you owe to the bank. As the vale of cars depreciate rapidly, the amount owed is often higher than the value of the vehicle.

Other Standard Bank car insurance cover includes deposit protectors, return to installment protector and scratch and cosmetic damage cover.

For a range of car and home insurance quotes to compare, fill in our online form and an insurance representative will contact you shortly.