We offer the following bonuses to SUN AND SEA members
How does the SUN AND SEA bonus work?
The Sun and Sea bonusses are released monthly into your Sun and Sea account. These bonusses will become available to you after a 36 month period and it can then be used to buy tickets to our featured holidays and more.
In the event that a claim is lodged, you will only receive 50% of your Sun and Sea bonus for 3 months. Thereafter the full bonus will be restored.
- The Sun and Sea bonus values are reviewed after every third renewal.
- The Sun and Sea bonus cannot be taken in cash.
| Plan Level | Maximum Bonus in a 36-Month Cycle | Monthly Released Bonus |
|---|---|---|
| Silver | R2160 | R60 |
| Crystal | R3168 | R88 |
| Gold | R4140 | R115 |
| Diamond | R5256 | R146 |
| Platinum | R7200 | R200 |
How does the Holiday bonus work?
- An annual bonus (calculated at 8.33% of the average monthly premium) is declared after the completion of an annual renewal cycle where no claims were paid out.
- The Holiday Bonus can be taken in cash within 45 days from the date it becomes payable. If no written cash payment request is received within 45 days, the bonus is transferred into the Special Bonus account. After the 45-day period, the cash option will expire.
- Being a Sun and Sea member, a Holiday Bonus will still be paid into the Special Bonus account if the loss ratio does not exceed 50%. The cash option will not be available if there were any claims during the renewal cycle.
How does the Special bonus work?
- At the end of every 3-year renewal cycle and every third renewal cycle thereafter, the Holiday Bonus is enhanced with a special Bonus.
- The Special Bonus pays out an additional 200% of the Holiday Bonus that is earned at the end of every third renewal cycle.
- The Special Bonus is paid in two equal installments, together with the Holiday Bonus, a Triple Bonus is created.
How does the Referral bonus work?
Members also receive huge rewards by referring family members or acquantances to obtain a no obligation inusrance quotation from Insure.Fin in respect of New National underwritten products. If the quotation is accepted within 30 days from the date it was presented, referral commission of up to R5000 will be paid with a maximum of 35% of the monthly premium.
| Insure.Fin may for the following reason decline a refferal: |
|---|
| a) The party is already a client |
| b) The party was insured previously, policy was cancelled less than 24 months ago |
| c) A risk that is not insurable with Insure.Fin |
How can you use your Bonus ?
