Sirago Underwriting Managers (Pty) Ltd is a registered Financial Services Provider (FSP 4710), offering a variety of financial products tailored for the unique requirements of the South African market. As an underwriting manager, Sirago seeks market opportunities in specific niche products. Product development includes the costing, policy wording and marketing strategy of a product. After the full development of a new product is done it would be presented to a registered insurance company, who will then underwrite the product.
Their philosophy of continuous improvement means that you are always guaranteed individual attention and superior products, which will meet your needs and exceed your expectations. Daberistic has partnered with Sirago for a number of years. Their competitive and affordable products are unparalleled in the market place and are the ideal compliment to your overall insurance portfolio. Importantly, they are efficient in claim payments. Value-added benefits - Ultimate Gap
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Product benefits comparison 2020
Terms: Overall Annual Limit (OAL)
The policy will cover the policyholder and dependants who are listed on the schedule of Insurance. Family Cover is limited to 2 adults and 3 child dependents. This will apply if there are multiple medical schemes or options within the same family.
Child dependent is up to the age of 21, however cover can be extended to the age of 27 for full-time students (documented proof of a full-time student is required to evidence dependents over the age of 21.
Individual cover is limited to no more than 1 individual.
Child dependent is up to the age of 21, however cover can be extended to the age of 27 for full-time students (documented proof of a full-time student is required to evidence dependents over the age of 21.
Individual cover is limited to no more than 1 individual.
Premiums 2020
Sirago has two different age-based premium tables. The benchmark for premium determination is 65 years old.
- Any current policy holder who is 65 years old or older, as at the 1st January 2020 will be charged the 65+ premium.
- Any prospective policy holder who incepts a policy as from the 1st January 2020 and any other period during 2020 who is
already 65 years old or older will be charged the 65+ premium
- Any current or prospective policy holder who is 64 years or younger will be charged the 64 and under premiums.
- Premiums are applicable for the duration of the relevant period or until the principal policy holder turns 65 years old and
will be defaulted to the new premium table with effect from the 1st day of the following month of their birthday.
Benefits do not change during this period and nor does any underwriting criteria.
- Any current policy holder who is 65 years old or older, as at the 1st January 2020 will be charged the 65+ premium.
- Any prospective policy holder who incepts a policy as from the 1st January 2020 and any other period during 2020 who is
already 65 years old or older will be charged the 65+ premium
- Any current or prospective policy holder who is 64 years or younger will be charged the 64 and under premiums.
- Premiums are applicable for the duration of the relevant period or until the principal policy holder turns 65 years old and
will be defaulted to the new premium table with effect from the 1st day of the following month of their birthday.
Benefits do not change during this period and nor does any underwriting criteria.