Absa, primarily a bank of course, and one of the largest in South Africa
at that, has recently started offering some specific insurance products. The
company focuses on a broad range of insurance, covering most of the touch points
for South African consumers. Now owned by Barclays, this bank offers its insurance
services and products through a specialist division of its own - Absa Brokers.
This allows it to deal directly with the public, while providing an effective
channel between its clients and the insurance providers that it uses to source
its insurance offerings. As a foremost financial institution, its offerings
are not limited to insurance alone - it also offers risk management, estate
and retirement planning, and investment planning.
Absa Insurance Website
On the Absa website you can get a free online quote and also find more information about their products.
Absa Brokers, as a sort of intermediary division straddles the line
between direct insurance and a middle man role. It`s a brokerage attached to
an actual financial institution - so it`s not quite solely a brokerage, and
not a direct insurance provider either. Its particular strength is that is able
to add a lot of extra value for clients, able to give solid advice, and directly
linked to the market power of a company of this size.
The insurance broker division is divided into 3 groups - long-term insurance, short-term insurance and a general group that handles personal financial planning.
Its long-term insurance group concentrates on life assurance, endowment assurance, investments, annuities, unit trusts and business insurance. The short-term group is involved with personal insurance, commercial insurance and industrial insurance.
The personal insurance cluster is comprehensive, including house insurance and car insurance. You can also get emergency and legal cover as well as travel insurance and insurance for women. The latter is called Absalutely Women, which combines all kinds of personal insurance options in a package tailored to women. In this package it has the iDirect insurance service, which gives you quick access to personal insurance products.
- Personal insurance
Household insurance, vehicle insurance, insurance for women, accidental death cover, property insurance, watercraft insurance, portable effects insurance
- Absalutely Woman
Tailored for women - household, motor and all-risks. Also legal assistance, medical, motoring, document, breakdown assistance, emergency assistance, hospital and medical event cover, and Woman Plus, to cover the needs of maternity and motherhood
- Travel insurance
Automatic basic cover, top-up cover, seniors cover
- Life assurance
- Retirement planning
- Investment planning
Short-term and long-term investment planning
- Business insurance
Cover tailored for your business needs
- Industrial insurance
Tailored solutions for those in industry.
BEE AND CSI INFORMATION
Absa is one of the most active companies in terms of community involvement and
investment. It sponsors many events and initiatives and is particularly active
in the areas of the environment as well. One initiative that is highlighted
by the company is the Absa Foundation - 2% of the bank`s annual dividend goes
into not-for-profit and community organisations.
It has full BEE credentials for its size and category, with ongoing empowerment
programmes in place.
Switchboard Head Office: +27 11 350 4000
Contact Centre: +27 11 276 4000
Action Line: 0800 414 141
Head Office Physical Address:
Absa Towers East
170 Main Street