Standard Bank insurance is a branch of Standard Bank, one of South Africa’s most popular banking services. Standard Bank has over 1200 branches across 18 countries in Africa and employs about 52,000 people.
Standard Bank offers loan insurance, travel insurance, funeral insurance, life insurance, vehicle insurance and home insurance.
In terms of car and home insurance, Standard Bank Insurance Services offers you insurance to protect the structure and contents of your home, and your vehicle. A variety of coverage options or benefit options are offered by Standard bank car insurance. These apply when your vehicle has been determined not worthy of being repaired or as a “total loss” (damaged beyond a certain percent). If you find yourself in one of these situations, Standard Bank will either replace your vehicle or pay you the current purchase price; Pay you the price you paid for the vehicle; Pay you the retail value of a car one year newer than yours; or pay you the retail value for your car based on published statistics.
Standard bank Insurance also provides a wide range of benefits when it comes to car insurance. These benefits include sssistance with towing your vehicle to the nearest repair shop; Assistance with delivering your car to an address in South Africa following the repairs; Assistance with fixing windscreen cracks/chips;Third party liability; Trauma counseling; Medical expenses; Assistance with sound equipment replacement; Assistance with paying for tracking device for a new car if the old one was stolen; and assistance with lost keys, locks, remote.
Standard Bank Insurance also offers a Vehicle and Asset Finance Protection Plan (VAFPP), which is a credit life policy designed to cover clients with vehicle and asset finance loan agreements, in the event of death, temporary disability, permanent disability, dread disease and retrenchment. Policy benefits include full balance outstanding in the event of death; normal instalments for a maximum of 12 months in the event of temporary disability; Permanent disability full balance outstanding; and payments of your normal instalments for a maximum of 6 months in the event of being retrenched.
Standard bank Insurance contact details:
Tel: 011 216 8022
Claims & Policy Services: 011 216 8022
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