PREMIUM INCREASES MINIMISED Domestic and Commercial Business
Despite tough market conditions, and in support of our policyholders, we are pleased to advise that we have been able to significantly contain our rate increases to be implemented from 1 January 2004.
Rather than motor rates increasing across the board, only high value vehicles (i.e. above R300 000) will attract minor increases of approximately 5%. The minimum excess on motor vehicle windscreen claims will increase negligibly to R350.00
Houseowners and householders will attract a rate increase of 10% and 5% respectively
The amended premiums will be communicated to all brokers and policyholders in accordance with the Policyholder Protection Rules.
If you have any questions, please contact our Customer Service Centre on 0860 00 90 90 for queries relating to domestic business or, in the case of annual or commercial business, your nearest SA Eagle office.
We trust that we can rely on your support in this regard.
