If you are searching for Assupol cash back works, then this is the blog post to read. Assupol is an insurance company based in South Africa, and all its products are meant to suit South African needs.
When you get to buy an insurance policy, either the life or funeral cover, among the benefits included in the cover is cashback.
If it is the first time to hear about Assupol cashback, worry not because everything is here; you need to know.
About Assupol Cash Back
The Assupol cash-back plan is a money-back plan in which the policyholder receives a percentage of the sums assured at regular intervals rather than a lump sum at the end of the term.
It’s an endowment plan with a liquidity component.
The cashback is a perk, and it’s ideal for risk-averse people who want to save with an insurance plan while also maintaining liquidity.
The nominee receives the entire sum assured if the insured person dies, and the survival benefits are not deducted.
The money you receive as cashback depends on your cover and the policy agreement you have with the Assupol insurance company.
Assupol will notify you if you are eligible for a cashback claim. Depending on which policy you have, the Cash Back benefit is usually claimed after three or four years.
You will be reimbursed for a portion of your premiums.
When you qualify for a cashback benefit, you will receive an SMS notification.
The process of claiming cashback at Assupol is easy.
The process of claim starts if you qualify for the cashback.
If you are interested in the cashback, visit the Assupol website and search for your claim type, down claim form, fill it and send it to Assupol offices.
You can also claim the Assupol cashback by visiting any of the Assupol branches. At the office, you’ll be assisted to file for the cashback benefit.
You’ll have to attach all required documents, and after verifying you qualify for the claim, it will be validated.
The claim will be approved and processed within 24 hours.
However, sometimes the claim takes longer if there are documents to verify.