January 4, 2018
For many South Africans, preparing for the future just isn't an option. Local insurance companies are renowned for their high prices, expensive coverage, their impersonal service, and for often intimidating their customers. To add to this, they are also bombarded with advertisements, promises, and lengthy policy descriptions, making the process of getting cover all the more complicated. It's no wonder that there are over 40 million South Africans without insurance - they don't know where to begin to find cheap and simple insurance.
Conventional insurance companies are incredible exclusive with their coverage. They take their time choosing their applicants and take them through an extensive screening process before allowing them to sign a contract and make their first payment. They want to know where you live, what your job is, and how healthy and old you are, as well as any accidents or medical conditions that you and your family have had in the past. They determine the amount you will have to pay and the amount of coverage they will offer you in accordance to your answers.
More than three-quarters of South Africa's population are low-income earners, living in townships, government housing or underdeveloped communities. It is simply impossible for them to afford the schemes set up for them by these large insurance companies, and that's if they're accepted as qualifying for coverage in the first place. They need an alternative company which caters for their needs and understands their financial situations. Prime Meridian is just one of the insurance companies in South Africa which have stepped up to the plate.
Prime Meridian is an example of an insurance company which offers cover for all South Africans.
James Neville is in his Master’s year of his Biomedical Engineering Degree at the University of Cape Town. At the age of 25, he now wishes to be independent of his parents. His only income is from the occasional lectures and tutoring which he offers students. Finding an affordable car insurance plan has been a huge struggle for James as he simply does not have the funds to pay for it after he has paid for rent and living expenses.
A friend referred James to Prime Meridian’s cheap car insurance, and just a few days later he was covered. Now James can be both independent, and have the peace of mind that comes with preparing for the worst. Students, as well as other low-income earning South Africans, can now enjoy insurance which understands their personal needs and financial requirements.
For more information, such as on their personal insurance plans, costs and benefits, please visit the above links and get an online quote today. Alternatively, you can contact our professional and friendly agents and get a quote telephonically by calling 011 745 7800.