Corporate Guarantee

FREQUENTLY ASKED QUESTIONS

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Who is Corporate Guarantee?
Corporate Guarantee is currently the largest short-term insurer in Namibia and is part of the NSX-listed Nictus Group.  Corporate Guarantee specialises in ART (Alternative Risk Transfer) insurance solutions and services, catering for the needs of its corporate and professional clients in accordance with their specific risk circumstances and risk management efficiency.
Why do you need my financial statements as well as so many other documents before the policy can be opened?
What charges are levied on my Corporate Guarantee policy?
Can I load a beneficiary on my policy?
When is the Admin Fee deducted from my policy?
When do I receive an Invoice for the payments made into my Experience Account?
Is the ART insurance policy tax deductible?
Do I receive a tax certificate at the end of the tax year?
How do I see what the growth on my Experience Account is?
What statements will I receive and how do I make sense of them?
You will receive 2 statements. The Experience Account statement reflects the balance in your ART fund.  The Debtor Account statement reflects what you have paid into your ART fund and what you still owe on the policy bought.
How does the No Claims Bonus (NCB) work?
Can I make a withdrawal from my policy and how can I access the monies in my Experience Account?
If I claim, is the amount paid out including VAT?
How do I go about lodging a claim?
Can the monies in my fund become taxable again in future?
Who do I contact at Corporate Guarantee regarding any queries I might have?
Can I cancel my policy and how do I go about this?

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Afrikaans Brosjure

Versekering wat nommer-pas vir JOU gemaak is!

Ons verstaan jou teleurstelling met die korttermynprodukte wat op die mark beskikbaar is en ons weet dat elke individu en besigheid uniek is. Hierdie wysheid het meegebring dat ons produkte vir JOU, die oordeelkundige individu en besigheid, wat baie meer van hulle korttermyn versekeringsmaatskappy verwag, ontwikkel het. Ons reeks produkte, wat met JOU in gedagte ontwerp is, sluit in:

  • Multi-risiko polis
  • Inkomste beskermings-polis
  • Waarborge

Hierdie produkte bied ‘n volledige reeks korttermyn dekking van ‘n wye verskeidenheid bates en gebeurlikhede aan die kliënt, insluitend dekking vir bates wat nie deur ‘n bestaande polis gedek word nie, alles sonder enige verskuilde kostes en met 20% bykomende dekking op betaalde premies.

Ons doen ‘n omvattende risiko analise om elke kliënt se unieke risiko-situasie te bepaal en ons sal JOU help om te besluit waar JY dekking nodig het en watter premie JY kan bekostig. ‘n Corporate Guarantee polis bied JOU die buigsaamheid om die bybetaling op jou gewone korttermyn versekering te verhoog en om op bestaande premies te bespaar.

Hoe doen jy dit....? Deur jou versekeringspolis met ‘n Corporate Guarantee polis, wat jy as ‘n gebeurlikheidspolis gebruik, te kombineer. So kan JY op JOU tyd vir JOUSELF ‘n versekeringsfonds opbou, terwyl jy steeds gerus kan wees dat JY verseker is.

Indien geen verlies op ‘n polis voorgekom het nie, sal JY die volgende ontvang:

  • die positiewe balans van jou ondervindingsrekening
  • PLUS ‘n geen-eis bonus

Indien dit soos JOU tipe versekering klink, skakel Corporate Guarantee vandag nog.

English Broshure

Insurance tailor-made for YOU!

We understand your disappointment with short-term insurance products that are available in the market and know that each business and individual is unique. With this wisdom, we have developed products for YOU, the discerning individual and business, who expect a lot more from their short-term insurance company. Our range of products, designed with YOU in mind includes:

  • Multi-peril policy
  • Income protection policy
  • Guarantees

These products give the client a full range of short-term cover over a range of assets and events, including cover for assets not covered by an existing policy, and all this with no hidden costs and an additional 20% cover on premiums purchased!

We undertake a comprehensive risk analysis to determine each client’s unique risk situation and will help YOU decide where YOU need cover and the premium YOU can afford to pay.

A Corporate Guarantee policy gives YOU the flexibility to increase the excess payment on your conventional short-term insurance and save on existing premiums.

And how do you do this…? By combining your insurance policy with a Corporate Guarantee policy, which you then use as a contingency policy. That way, YOU can take your time to build up your self-insurance fund while enjoying peace of mind that comes with knowing that YOU are covered.

In the event that no loss is suffered on a policy, YOU will receive:

  • the positive balance of your experience account
  • PLUS a no-claims bonus earned

If this sounds like just the thing for YOU, contact Corporate Guarantee today.

Insure Yourself

  • Money paid into insurance policy stays yours.
  • You are rewarded for good risk management via a no-claims bonus.
  • Corporate Guarantee provides an additional

20% cover on top of your self-insurance fund.

  • Claims are paid out within 24 hours.
  • Save on short-term insurance payments.