There are many reputable insurance companies in South Africa that offer different to types of insurance services.
Here we have compiled list of some of the best-rated insurance companies in South Africa
Note: List is alphabetical order.
Insurance Companies in South Africa
1. 1Life Insurance
2. 1st For Women Insurance
3. 27Four Life
4. 3Sixty Life Insurance
5. AA Car Insurance
Website: https://www.aa.co.za
6. Abacus Insurance
7. ABSA Insurance
8. Affinity Health Insurance
9. African Rainbow Life
10. AIG Insurance
11. Alexander Forbes Insurance
12. AllLIFE Insurance
13. Assupol Insurance
14. Auto & General Insurance
15. Avbob Insurance
16. Bidvest Insurance
17. Budget Insurance
18. Capitec Insurance
19. Clientele Insurance
20. Dialdirect Insurance
21. Discovery Insurance
22. Doves Funeral Insurance
23. FNB Insurance
24. Hollard Insurance
25. IWyze Insurance
Website: https://www.iwyze.co.za
26. King Price Insurance
27. Legalwise Insurance
28. Liberty Insurance
29. Lombard Insurance
30. MANDG Investment Life
31. Metropolitan Insurance
32. MiWay Insurance
33. Momentum Insurance
34. Monarch Insurance
35. Old Mutual Insurance
Website: https://www.oldmutualinsurance.co.za
36. OUTsurance Insurance
37. Peregrine Life
38. Rand Mutual Assurance
39. Sanlam Insurance
40. Santam Structured Insurance
41. Sasria Soc
42. Standard Bank Insurance
43. Vodacom Insurance
Read also: Top 10 Insurance Companies in South Africa
Types of South African Insurance Companies
There is insurance coverage for any anything valuable. These insurance policies are classified in to different types, and all these types of insurance that can cover anything valuable are available to consumers in South Africa. But then, we have compiled the list of the most common types of insurance in South Africa.
Car or Auto Insurance
Car insurance is a type of insurance that provides cover for your car against theft, damage, or injuries you may sustain while driving. It’s also provides cover for anyone who may suffer injury or loss when you’re involved an accident. This kind of insurance is very important because if you get involved in an accident or your car is being stolen, car insurance comes to your rescue.
Home Insurance
Home insurance provides cover for your property including the building and the valuables in your home. It covers your home against theft and disaster.
Home insurance ensures that if something is stolen or damaged, the insurance company is there to assist you in replacing valuable items.
Business Insurance
If your are a business owner, insurance cover for your business should be one of your first priorities. When you have a business, you are not only responsible for your livelihood and goods, but also those of your customers/clients and your staff. Disastrous situations that can cripple your business can be prevented or remedied with the right insurance cover.
Medical Insurance
Medical or health insurance covers you against medical emergencies. It covers situations such as accidents or sudden medical problems arising. It relieves of medical expenses burdens. Premiums are paid monthly to the insurance company, while the insurance company takes up medical expenses of the insured when during medical emergencies.
This makes it a great option for those who do not see doctors regularly and want a backup plan for unforeseen emergencies. Some medical insurance companies offer the usual day-to-day basics, but these are usually limited.
Funeral Insurance
This type of insurance covers your funeral when you die. We all know that funeral rite is very expensive, so having such covering that would payout when one passes on to lessen the financial burden on the shoulders one’s loved ones will not be a bad one, at least your love ones would have a little respite as the still have emotional stress to deal with.
Life Insurance
Like Funeral Insurance, Life insurance a measure taken in order for a person to provide for their loved ones when they pass on. The insured pays monthly premiums to the insurance company, and in the eventuality that the insured person dies, indemnity is paid to their beneficiaries (families).
This type of insurance is designed for those with children, other dependants, to help their dependants to meet up with their financial needs in the event the insured passes away.