Trustco launches affordable legal cover with death benefit at no additional cost

08 November 2012 Trustco Group Holdings Limited

Trustco Group Holdings Limited (Trustco), a Namibian based company listed on the Namibian Stock Exchange and the Main Board of the JSE has launched Yambu Legal in South Africa, a product that offers legal cover for the whole family and is best in market a

Yambu Legal can provide legal cover of up to R1, 4 million for a monthly premium of R139 per month. Current market products offer cover of between R60000 and R150000, with premiums of R67 to R200 per month. Yambu Legal does not set annual limits to the cover afforded, but rather sets a limit of R200000 per legal case claim. The product offers R200000 per family member of a seven-person household – a main member, spouse and up to five children under the age of 21 and up to 25 if still studying and supported by the family.

Yambu Legal also extends a R13900 death benefit to the main member and spouse at no additional cost to the policy holder.

“Trustco has been successfully operating similar short-term and micro-insurance products in Namibia with thousands of families already benefiting from our expertise,” says Quinton van Rooyen, Group Managing Director of Trustco.

“The arrival of Yambu Legal in South Africa means each and everyone can now afford legal cover. Our message to consumers is to ‘protect yourself’ when it comes to the law. This may come as a surprise to those who thought the law was specifically put in place to protect them. The reality is that when it comes to the intricacies of the law, most of us are very small fish swimming in a very large pond. Although the law was designed to be a great equaliser, one of its great ironies is that it tends to favour those who know how to interpret it best.”

According to Van Rooyen South Africans are becoming more and more litigious. “But it is expensive to afford even mid-level lawyers and advocates. That is why corporates and the wealthy surround themselves with legal representation. Similarly, Yambu Legal aims to provide clients with legal ‘weapons’, if you will, required to stand up for what is right.”

Yambu Legal provides legal cover in the following fields; bail applications, civil cases, matrimonial matters, labour proceedings, tribunal administrative procedures, appeals to courts and tribunals, admin of deceased estates, conveyancing of property (excluding transfer duties and stamp duties), retrenchment, disabilities and criminal matters.

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