Absa

Absa Insurance Company

Absa idirect is a product of Absa Insurance Company. Absa Insurance Company is a licensed subsidiary of Absa Financial Services, forming one of the largest financial services groups in South Africa. We pride ourselves in being a truly African brand. Our purpose is one of Empowering Africa's tomorrow, together... one story at a time with our core values centered around taking care of our people and delivering excellence to our customers. At Absa Insurance Company, we understand the importance of knowing that our customers' most valuable assets are adequately covered. We're also aware, especially during these challenging economic times, that affordability is a key consideration.

That's why the Absa idirect product does more to provide various flexible cover options and benefits for motor vehicles, buildings, household contents, all-risk, electronic equipment and boats for specific insured events, to ensure that customers get tailored cover suited to their needs and pocket. The Absa idirect product has established a sound customer base.

Building

Building Cover

We offer more than just your standard Building Cover, the following benefits are automatically included at no additional charge:

  • Loss of rent cover is included for up to 12 months or 25% of the sum insured.
  • The services of a security guard are included for specific incidents up to a maximum of R3 000.
  • We include an Accidental Death Benefit of R12 500 on the estate of the insured for specific incidents.
  • Personal legal liability is included up to R5 million.
  • Power surge damages to the property are included up to R10 000.
Dad reading to daughter while they sit on the couch

Household Contents Cover

We offer more than just household contents insurance.

The following benefits are automatically included at no additional charge, with our Household Contents policy:

  • Household keys and locks up to R20 000.
  • Personal Injury for up to R10 000 for specific incidents.
  • Veterinary expenses are included up to R2000.
Lady in car

Motor Vehicle Cover

The following benefits are automatically included at no additional charge:

  • Replacement of new vehicle not older than 12 months, limited to 30 000km mileage.
  • Emergency expenses or repairs up to R5 000.
  • Accommodation for a maximum of R2 000 per incident.
  • Keys and locks up to R10 000.
  • Liability to third parties up to R5 000 000.

FAQ's

  1. What is the Absa idirect product and what types of insurance cover does it offer?
    Absa idirect Product is a product of Absa Insurance Company, a subsidiary of Absa Financial Services Limited. It offers flexible insurance cover options including Household Contents Cover, Building Cover, and Motor Vehicle Cover. These options provide tailored protection for your valuable assets.

  2. What does the Building Cover include?
    The Building Cover offered by the Absa idirect Policy provides comprehensive protection for your property. It includes coverage for buildings under construction or alteration up to 25% of the insured amount, loss of rent cover for up to 12 months or 25% of the sum insured, accidental death benefit of R12 500 for specific incidents, personal legal liability up to R5 million, and more.

  3. What are the benefits of Household Contents Cover?
    The Absa idirect Policy, Household Contents Cover goes beyond basic insurance. It automatically includes benefits like coverage for household keys and locks up to R20 000, personal injury coverage up to R10 000, and veterinary expenses coverage up to R2000. These added benefits ensure comprehensive protection for your belongings.

  4. What does the Motor Vehicle Cover include?
    The Absa idirect Motor Vehicle Policy, provides a range of benefits for your vehicle. This includes the replacement of a new vehicle that's not older than 12 months and has limited mileage, emergency expenses or repairs up to R5 000, accommodation coverage for incidents (up to R2 000), coverage for keys and locks up to R10 000, and liability coverage to third parties up to R5 000 000.