Standard Bank Insurance | Life, Home and Car Insurance

Standard Bank Insurance | Life, Home and Car Insurance

You are on Uni24.co.za, in this article, we bring to you everything to know about Standard Bank Insurance. An insurance company is any firm that provides a means by which risk is managed. Put it this way, Standard Bank Insurance sells packages that offer protection against unexpected life circumstances in relation to damages, loss, theft or any bad situation.

With that said, Standard Bank Insurance provides an array of insurance protection categorized into four groups. These are Standard Bank Insurance Motor Insurance, Standard Bank Insurance Health Insurance, Standard Bank Insurance Business Insurance, and Standard Bank Insurance Home Insurance. These are some but a few of the insurance services this company offers. Other areas of protection include Fire Insurance, Life Insurance, Liability Insurance, Business Insurance, and many more.

About Standard Bank Insurance

Services of Standard Bank Insurance

Contacts of Standard Bank Insurance

• Please call 0860 111 837 or email sil.claims@standardbank.co.za to log a claim
• For all other queries feel free to email sil.info@standardbank.co.za

Frequently Asked Questions on Insurance in South Africa

How Much Is Car Insurance per Month in South Africa?

Car insurance in South Africa comes at an average cost of ZAR 1,322.00 per month. It should be noted that this varies greatly from one company to another the difference is the extent of insurance coverage you get and other premium services that come with the package. On a broader scale, the average monthly payment for car insurance is about 58 USD. Factors that influence your insurance premium include your driving history, your current location, and the coverage.

Does Life Insurance Pay for Suicidal Death?

The answer to this question varies from one insurance company to the other. However, most insurance companies include a suicide clause in their life insurance policies. This simply means that the first two years of a life insurance policy do not cover suicide-related circumstances. This is done to protect the firm from situations where a policyholder purposefully commits suicide with the hope of winning his family or beneficiaries’ payouts. But in the case of a life insurance policyholder whose been with the firm for more than 2 years, a death benefit is paid out to the beneficiaries.

What Is Short-Term Insurance?

Short-term insurance is any insurance policy that lasts for an hour, day, week or month. These policies are designed for very short-term needs. It should however be noted that some insurance companies offer longer durations under this package. Generally, they provide protection against theft, damage to goods or property or any other form of liability.

What Is Excess in Insurance?

Excess in insurance is generally the amount of money you have to pay to cover your insurance claim. This allows the insurance to pass on an agreed amount of the risk to the policyholder and is included in the policy. So in the event of an insurance claim, the beneficiary pays a portion of the claim cost and the insurance company pays the rest.

How Much Is House Insurance in South Africa?

How much is house insurance cost in South Africa? In South Africa, prices for home insurance vary from Rs 1,800 per square foot for basic projects and Rs 3,000 per sq ft for lavish projects. The coverage for house insurance extends to theft, fire, malicious or flooding, lightning, and storms. The two common coverage include Home Structure Insurance and Home Content Insurance.

Home structure insurance protects against damages to the structure of the building on the exterior or interior often resulting from storms, earthquakes, flooding, or lightning.

The home content insurance covers property theft within the house or damages to any property within the house.