+27 12 470 5500 Monday-Friday, 7:30am - 17:00pm
+27 0861 24 36 48 Submit your claim
Head Office Lynnwood, Pretoria
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+27 12 470 5500 Monday-Friday, 7:30am - 17:00pm
+27 0861 24 36 48 Submit your claim
Head Office Lynnwood, Pretoria
Request a Quote
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My Policy Status

Receive rewards for handling your risk in a responsible manner

Golden and Platinum Benefits for APBCO Policy Holders

The Golden Policyholder (GP) status takes effect when you maintain a low claims ratio and wisely use your insurance cover. Kindly note these benefits can only be awarded to the policyholder and his/her spouse.

 

The following is a guide to classification of Golden and Platinum benefits:

  • GP1 – 2 years at Legacy continuosly as policy holder and claims are 10% and lower.
  • GP2 – 2 years GP1 policy holder (4 years at Legacy) and claims are 10% and lower.
  • GP3 – 2 years GP2 policyholder (6 years at legacy) and claims are 10% and lower.
  • GP4 – 2 years GP3 policy holder (i.e 8 years at Legacy and claims are 10% and lower.

 

Platinum status takes effect with the following Golden Policyholder classes:

  • GP3 – Minmum of 6 years a Legacy client and claims are 10% and lower.
  • GP4 – Mininmum of 8 years a Legacy client and claims are 10% and lower.

 

Golden policyholder status includes the following benefits:

 

For a GP1 Policyholder:

  • A Policy without a deductible, and
  • Power surge among all sections of the policy is limited to R7500 per event and are limited to two events per year.

 

 For a GP2 Policyholder:
  • A policy without a deductible.
  • Power surge among all sections of policy is limited to R10 000 per event and are limited to two events per year.
  • Car rental is a free add (damage must exceed R1 500 and coverage is included for a maximum period of 30 days @R300 per day).
  • Car locks and keys expansion increased to R10 000 per vehicle.

 

 For a GP3 Policyholder: (PLATINUM 1 for Hollard Clients)
  • Policy without deductibles.
  • Power surge among all sections of the policy is limited to R12 500 per event and are limited to two events per year.
  • Household – expanding coverage limit is increased.
  • Emergency accommodation coverage is increased.
  • Car rental is increased to R400 per day for 40 days (and a maximum 3 days car rental if the vehicle goes in for a service or mechanical breakdown).
  • General expansion R5 000 benefits policy.
  • Professional pest control R2000.
  • All risk on unspecified claims – amount is considered as the sum insured (instead of R1 500).
  • Car locks and keys expansion increases to R10 000.
  • Premium cash back benefit is 10% in the case of Hollard clients only.

 

For a GP4 Policyholder: (PLATINUM 2 for Hollard Clients)

  • A policy without a deductible.
  • Power surge among all sections of the policy is limited to R15 000 per event and are limited to two events per year.
  • Household – expanding coverage limit is increased.
  • Emergency accommodation coverage is increased.
  • General expansion R5 000 benefits policy.
  • Professional pest control R2000.
  • All risk on unspecified claims – amount is considered as the sum insured (instead of R1 500).
  • Car locks and keys expansion increases to R10 000.
  • Car rental R500 per day for 40 days (and maximum 3 days car rental if the vehicle has to go in for a service or mechanical breakdown).
  • Premium cash back benefit is 15% in the case of Hollard clients only.

 

The Platinum policyholder status includes the following benefits:

For a GP3 Policyholder: (PLATINUM 1)

Ten percent of your monthly premium is retained by Hollard on your behalf. This doesn’t mean you are obligated to pay ten percent more on your premium, as your premium will remain unchanged. Should your policy status remain unchanged during the following five years you will be awarded the cash back benefit on an annual basis. Should your claims ratio rise to 45% or higher, your benefits may be forfeited.

 

Some of the other PLATINUM 1 benefits are:

  • Policy without excesses.
  • Emergency accommodation coverage is increased.
  • Car rental is increased to R400 per day for 40 days (and up to 3 days car rental if the vehicle goes in for a service or mechanical breakdown).
  • Power surge cover up to R12 500 limited to two incidents per year.
  • Cash at death benefit for R5 000 at no extra cost.

 

For a GP4 Policyholder:(PLATINUM 2)

Fifteen percent of your premium is retained by Hollard on your behalf. This doesn’t mean you are obligated to pay fifteen percent more on your premium, as your premium will remain unchanged. Should your policy status remains unchanged during the following five years you will be awarded your cash back benefit on an annual basis. Should your claims ratio increases to 45% or higher, your benefits may be forfeited.

 

Some of the other benefits included in the PLATINUM 2 benefit are:

  • Policy without excesses.
  • Emergency accommodation coverage is increased.
  • Car locks and keys cover increases to R10 000.
  • Car rental R500 per day for 40 days (and up to 3 days car rental if our vehicle has to go in for a service or mechanical breakdown).
  • Contents of freezer and fridge cover increases to R7 500.

Contact Us

You can contact us on
+27 12 470 5500
Monday - Friday, 7:30 to 17:00

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+27 0861 24 36 48
lumunderwriting@lum.co.za
Monday - Sunday, 7:30 to 22:00

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