Review of Insurance Companies South Africa

As more and more insurance companies in South Africa appear on our high streets and on the internet, finding a company or insurance broker that can provide cheap policies that will suit your individual requirements has become more difficult.

The aim of this site is to review the leading insurance providers which supply cover to the South African population and help you choose the right broker or company and cut the cost of your policy.

Insurance Brokers in South Africa

There are hundreds of insurance brokers in South Africa. A broker is usually an independent company who may have one or more offices situated throughout the country. Their aim is to locate the best value insurance products for their clients.

The leading brokers can offer policies that cover cars and other vehicles, home and contents insurance, health insurance as well as other types of cover. Some brokers may have arrangements with multi-national insurance companies that enable them to offer cheaper polices when compared to other businesses. However, it is important to remember that for every policy provided by an insurance broker there will be a commission cost which is added to the overall cost of their services.

Insurance Comparison South Africa

There are a number of companies offering insurance comparison services in South Africa. Almost all of these providers are solely internet based companies and within a few seconds can compare various prices supplied by several insurance companies. It is very important to remember that comparison companies will have a commission added to the overall cost of an insurance product. There are many benefits to using an online comparison service, the main benefit being the time that can be saved to find a decent policy.

What is Insurance?

Insurance is an arrangement which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death of a client or citizen in return for payment of a specified.

The most common types of insurance provided by companies in South Africa are, car insurance, health insurance, life insurance, funeral insurance, travel insurance. pet insurance and business insurance.

Definition of an Insurance Premium in SA

An insurance premium is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.

Top Performing South African Insurance Companies

Here are the top performing insurance companies in South Africa according to figures released this month.

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For more information contact the team at Insurance ZA by emailing insurancefriendly@gmail.com