Namibian based short and long-term insurance companies, Trustco Insurance and Trustco Life Ltd, yesterday announced a Nawa bonus payout of N$7 million to about 10 700 existing paid-up Shield members.
Currently the two insurers have a combined 120 000 policy holders covering in excess of 300 000 insured members. Legal Shield, the core product of Trustco Insurance, has to date paid out N$160 million in legal fees on behalf of members to legal practitioners.
Recently the insurers streamlined their products with a view to providing tailor-made insurance for the public. With the Next Generation Legal Shield as the core product, numerous optional additional benefits can be added. Customers can now cherry-pick their ideal product. A further innovation is the introduction of a Nawa Bonus on this product, which is a first for Namibia.
This development resulted in the insurer exploring more ways to reward existing members. It was decided to reward members who have been fully paid up and claim-free for five or more years. These members will qualify for their share of N$7 million.
All Shield members are urged to contact their nearest Trustco office to find out if they qualify for the Nawa Bonus and to ensure their details are updated.
As from September 1, 2016 all Trustco Insurance and Trustco Life policies will automatically include a Nawa Bonus, which can be claimed monthly.