ICYMI: Some Outsurance clients paid R10 a month for pandemic cover. They’re getting R400 000 each | BISouthAfrica
Outsurance has earmarked R220 million to pay claims on a small group of business interruption policies that had pandemic extensions – of the kind that is controversial in SA right now.That is after paying monthly premiums of around R10 for the extra cover, with total premiums of R38,000.
So far it has settled 135 claims, it said. And, in retrospect, it may have been slightly undercharging those customers. The company said it actively reached out to clients who had pandemic cover but had not lodged claims against it.
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