Genric Insurance
| Ratings | |
|---|---|
| Claims Handling | 7 / 10 |
| Customer Satisfaction | 7 / 10 |
| Financial Strength | 7 / 10 |
| Industry Awards | 7 / 10 |
| Overall Rating | 3.5 Stars |
GENRIC Insurance Company Limited was founded in 2005 with a focus on bringing innovative and niche insurance solutions to market by partnering with specialist underwriting management agencies (UMAs), start-up businesses, InsurTech innovators and brokers.
As a fundamentally entrepreneurial business, we know that past successes don’t always guarantee future success in today’s evolving risk landscape. This is why we continue to innovate our business model by working with specialist partners to bring unique niche insurance solutions to market that solve the world’s most pressing risk challenges.
About Genric Insurance
Our objective is to be the insurance partner of choice that provides growth and structured processes and operational alignment that facilitate the success of our business partners, retaining the individuality, unique skills, innovation mindset and customer centricity needed to provide an excellent service and more competitive premiums to brokers and clients.
Genric Insurance Products
Mechanical Signature
Our ultimate protection plan that safeguards nearly every mechanical and electrical component in your vehicle.
Mechanical Optimum Plus
Advanced protection for your vehicle's critical systems, including powertrain, electrical, and major components.
Mechanical Optimum
Balanced protection providing coverage for mechanical failure on your vehicle's core mechanical systems.
Mechanical Classic
Basic coverage protecting against the most common and costly mechanical failures.
Excess Waiver Plan 3.5
Excess Waiver Plan 3.5: Cover your excess up to R3,500 per claim. An affordable entry-level plan designed to ensure you are never out of pocket when your comprehensive insurer requires an excess contribution.
Excess Waiver Plan 5
Excess Waiver Plan 5: Cover your excess up to R5,000 per claim. A mid-tier plan providing greater financial protection against the excess payable on a valid comprehensive insurance claim.
Excess Waiver Plan 10
Excess Waiver Plan 10: Cover your excess up to R10,000 per claim. Our most comprehensive plan, designed to fully protect you against high excess amounts payable on a valid comprehensive insurance claim.
Additional Information
BB-BEE Rating
Level 4