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Santam refunds 20% of vehicle premiums to assist clients

By Santam, 21 April 2020

Santam today announced it will refund 20% of vehicle premiums paid in April for all its Personal Lines and Commercial Lines clients 

Following the extension of the national lockdown and the continued financial strain clients are experiencing, Santam today announced it will refund 20% of vehicle premiums paid in April for all its Personal Lines and Commercial Lines clients. This equates to R155 million and will bring the Group’s collective COVID-19 relief efforts to R400 million. The 20% refund will be paid during May to clients whose policies remain in force at that time. 


This announcement follows the Group’s initial relief package of R200 million, which included full premium relief for many of Santam’s worst-impacted clients and also provided support for intermediaries, suppliers and the Solidarity Fund.
 
For an update on premium relief interventions provided to date, additional information on the 20% vehicle premium refund, and a summary of recent updates 
distributed through Underwriting Circulars, please give us a call.
 
"I hope you and your family are safe and healthy, and I wish you and your business all the very best in getting through this challenging period. " says Andrew Coutts, Head of Intermediary Business at Santam.

Stay Safe – Stay at Home – Stop the Spread.