Old Mutual Insure: R60 million towards premium relief for our customers

The following broker notification was received from Old Mutual Insure.

Our team at Old Mutual Insure understands that there is a real person behind each policy. We know that the extension of the lockdown has had a significant impact on you and want to do whatever we can to respond to your immediate needs, to tangibly reiterate: “We are here for you”!

Following the President’s speech last night, it is clear that a lockdown environment will be maintained in the upcoming months. However, since the lockdown started, we have noticed a reduction in motor claims, and we anticipate that this trend will continue, although to a lesser extent going into May 2020.

This enables us to further assist you and we have therefore, as part of our significant relief efforts thus far, set aside R60 million to support our customers during this difficult time.

We are pleased to announce that our Personal Lines customers will receive a 25% refund on their motor insurance premiums (15% for April 2020 and 10% for May 2020). Please see the attached document that outlines the details of this motor premium discount.

Thank you for your continued support. We trust that the above will further assist you to stay calm, stay focused, and stay insured.

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