AIG Car Cash Plan: Affordable insurance combats rising petrol price and cost of living

The increasing price of petrol and the general cost of living has many families worrying about how to cover all their expenses at the month end. Consumers are looking for further ways to make ends meet and have to truly identify the essentials in their mo

“With the constantly rising prices and the monthly budgets of families at full stretch a lot of drivers are wondering how they can afford to cover everything,” says Fareedah Benjamin, Personal Lines Manager at AIG.

The Car Cash Plan is designed to be affordable to everyone who has a vehicle. Premiums start from as little as R120 per month, which is less than the price of a quarter tank of fuel.

“If you’re one of the 65% of drivers on the road who have no insurance, if your car is stolen, hijacked or written off, it could make your life very difficult. With the Car Cash Plan, a little over a hundred Rand a month makes sure that you’re back on the road fast if anything happens,” Benjamin continues.

The Car Cash Plan is simple, back-to-basics car insurance that will pay out the full market value when a car is hijacked, stolen or written off, says Benjamin. “Our customers tell us that they can live with a few dents or scratches – but they can’t live without their cars,” she says.

With the protection of the Car Cash Plan, you will be back on the road in no time after any incident. That’s because the claims process is simple and convenient. “If your car is stolen or hijacked, you just need to contact our call centre with your police case number. If the car is damaged in an accident, we will send someone out to check the damage and see how much it will cost to fix. If the repair costs of the vehicle will be more than 70% of the car’s market value at the time of the accident, we will pay out cash to the value of the vehicle’s total sum insured.”

For those who want third party cover, it is available as an add-on for just R45 extra per month. Third party cover, explains Benjamin, makes money available to pay for third party costs that may occur if an accident is your fault. “Instead of you being held responsible for the costs of repairs or replacements, of the other parties involved, third party means AIG takes care of it for you. Even if you accidentally dent an expensive car, the Car Cash Plan third party cover means you will be covered.

To apply for the Car Cash Plan, contact the AIG call centre on 0860 959 618, SMS your name to 37848 or visit their website at www.carcashplan.co.za