New Car Insurance Policy Offered By Santam |
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24 September - Santam continues to innovate with short-term insurance policies tailored to the specific needs of the South African market. This time the offer is to taxi drivers, many of whom need vehicle insurance almost as much as they could use a valid driver's license. Vulindlela Underwriting Managers, known as VUM, will act as underwriters working in conjunction with Santam to provide taxi insurance that provides protection both to the owners of the taxis as well as their passengers. Santam made the insurance news earlier when they became the first insurance provider to offer low-income housing insurance, which allowed those who live in "informal settlements", ie: shacks, to apply for home insurance. The taxi insurance will include full comprehensive cover as well as personal accident coverage up to the amount of ten thousand Rand per passenger. Coverage in the amount of twenty thousand rand will be available for each driver of the vehicle. The policy will also kick in in the event that the taxi is damaged or needs to be replaced, thus ensuring that these fearless entrepreneurs are not financially ruined when the vehicle is out of service. Now if Santam could find some way to protect normal South African motorists from the taxis that would really be something. Related Insurance Articles: * Discovery Goes Live with High-Tech Insurance System * SA Consumer Bodies Snub Insurance Hearings * Life Insurance Industry Posts Good Results * Life Insurance Firms Scramble For Africa * Hillary Clinton Promises Health Insurance For All * Sanlam Posts Strong Results For Now * SA Insurance Firms To Face Investigation * Dial Direct Offers 4x4 Short Term Insurance 
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| 3/14/2010 7:06:46 AM | |||||||||||||||||||||
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