Compareshop clients

Banking and financial services – Absa Group Limited

Absa is one of the largest financial services in the country.

Besides its range of comprehensive banking services, Absa also offers bancassurance, wealth management and tailor-made short- and long-term insurance solutions.

Short term insurance

Its short-term insurance offerings cover the full spectrum of products from car and household cover to accidental death insurance.

The Absa Absalutely Woman product offering addresses specific concerns you may have as a woman, tailored to benefit you at all times. Not only can you insure your car and home with Absa Plus, but you can combine it with the Woman Plus benefit scheme to include hospital benefits, legal and dread disease cover.

Asset Insurance from Absa Insurance and Financial Advisers offers insurance solutions provided by the leading insurance companies in South Africa. Protect your home contents, motor vehicle, watercraft, trailers, caravans, PCs and more, and receive emergency and legal assistance, as well as domestic appliance breakdown cover to protect you and your valuable assets.

Absa iDirect short-term insurance provides the best possible solution for your everyday needs, covering all your personal assets.

Long-term insurance and medical aid 

The Life@Ease life assurance offering protects your family from potential financial ruin as a result of death, accidents and illness. Your loved ones will be taken care of if your income is no longer there to help sustain them. Cover your liabilities and risk, even when you’re young, and your future will look brighter.

You can choose from the following life insurance products:

·         Death Benefit

·         Accidental Death Benefit

·         Functional Impairment Benefit

·         CritiCare & CritiCare Plus Benefit

·         Own Occupation Disability Benefit

·         “Catch All” Disability Benefit

·         Final Expenses Benefit

Absa Health Care Consultants will provide you with health care advice, education and protection at no cost. The dedicated call-centre will provide independent advice about your medical aid cover. Skilled and accredited advisors will guide you through the options available to you and will also help resolve any outstanding issues you may have with your medical scheme. You can also track and compare medical schemes and choose the best one for your individual needs.

Other Absa insurance solutions 

Absa also provides retirement planning services. A recent retirement survey highlights that “retirees will have less than 26% of their final salary as a pension when they retire.” Only 6% of the current workforce in South Africa will be able to retire comfortably.  You’re never too young and, if you haven’t started yet, it’s never too late to do so now.

Absa Financial and Insurance Advisers can provide you with short- and long-term investment solutions to build a sustainable wealth base to support your future dreams and goals.

Draw up a will and protect your estate from unnecessary administrator fees and penalties with Absa Estate Planning.

You can enjoy Travel Insurance from Absa when you purchase your international return travel tickets with your Absa credit card. You have up to 90 days of Automatic Basic Travel Insurance and International Medical Assistance anywhere in the world. For more comprehensive cover, choose from three additional Optional Top-up options. You can tailor your Top-up, with different levels of cover to choose from, based on your budget and needs.

Absa non-insurance products

Absa provides premium private banking solutions to high net-worth individuals in South Africa, backed by well-researched support, advice and information on global and domestic economic trends. You can become a partner in your own money management with the bundled Market Research section, allowing you access to share information, market analysis and world indicators.

Besides its mainstream banking offerings, credit cards and loans, Absa introduced Shariah compliant banking for its large Muslim client-base in 2006. All the products under this portfolio are non-interest based, while offering similar or superior return on investment. Shariah banking clients can choose from cheque accounts to takafol motor insurance products.

Absa Capital provides large corporates, governments, hedge funds, asset managers and institutional clients with financial and risk-management solutions exchange traded funds in partnership with Vuyani Capital and Plexus Asset Managers.

You can make the purchase of your dream car so much easier by purchasing through Absa Vehicle and Asset finance or find a listing of potential new homes and vehicles using the Absa Repossessed Properties and Bank Repossessed Vehicles listing.

A host of South African sport and cultural activities owe their ongoing survival to generous sponsorship provided by Absa. The group is also active in social responsibility programs enabling and empowering those in need.

With its wealth of experience in the financial sector and its close ties to the South African community, Absa is an attractive option for clients who wish to maintain a diverse portfolio of financial products and services held by one service provider.  

Learn more about short term insurance from absa iDirect and discover the benefits of absa iDirect short term insurance or find out more about absa personal loans and absa home loans

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