Virgin founder Sir Richard Branson was in Cape Town this week for the launch of Virgin Money’s new short-term personal lines insurance offering in South Africa, in partnership with global insurance giant AIG.
With their three new products for the local market – home contents, vehicle and funeral cover – Virgin Money and AIG aim to change your perception of insurance as being a “grudge” purchase.
“Customer-centric” features include:
• When you apply for cover you will receive a binding quote in under five minutes.
• If you are in an accident that is not your fault, it will not affect your no-claim bonus or your premiums. “If you did not cause the accident, you should not be punished,” Virgin Money says.