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#MakingADifference

#MakingA-Difference

Building a better South Africa all day, every day

Decreasing premiums

We’re the only insurer in the world that automatically decreases car insurance premiums monthly as cars lose value… Because it just makes sense to pay less every month to insure something that’s worth less every month. It’s the fair and logical way insurance should be done!

Our unique business model is the basis of our vision: Lower premiums: Higher purpose. We’re here to change the world for the better and to leave a legacy. So far, our clients have saved over R180 million in decreasing premiums.

Our clients are also able to donate their monthly premium decrease to 1 of the charities we support, via our app. Check it out:

Changing lives, 1 charity at a time

Our major shareholder, the Mergon Group, has directed over R500 million to charities via their Mergon
Foundation since King Price launched. The Mergon Foundation is a not-for-profit trust fund that was
established in 1980, following a commitment made by Mergon’s founder Francois van Niekerk to God as he
turned to Him for a lifeline in business.

Read more about the main charities that we and Mergon support:

Making the circle bigger

In addition to supporting Mergon’s charitable initiatives, we offer financial assistance to non-profit organisations like:

  • Brave to Love.
  • Cheerful Givers.
  • Missing Children South Africa.
  • Living Kids Sports Academy.
  • Nika Capital.
  • Baobab Foundation.

Education for the nation

Because we’re ‘the little guys’ in the insurance industry, we’re committed to helping other ‘little guys’ and education is an important focus for us. To enable unemployed South Africans to reach their educational goals, we’ve teamed up with iCOLLEGE (a private FET institute that offers SETA-accredited courses and upskilling programmes). Check it out:

Started in January 2018

As at May 2020:

6,091 scholarships

That’s 6,091 work-ready* future leaders with accredited education

*Some scholars are still busy with their courses.

Monthly scholarship fee is

R3,500 per scholar

We cover: Tuition, minimum wage

Cost in May 2020 = R12 million

Cost for 2020 = R121 million

As at May 2020:

6,091 scholarships

That’s 6,091 work-ready* future leaders with accredited education

*Some scholars are still busy with their courses.

Monthly scholarship fee is

R3,500 per scholar

We cover: Tuition, Minimum wage

Cost in May 2020 = R12 million

Cost for 2020 = R121 million

Courses:

Public admin
NQF 4

HR
management
NQf 4

Marketing
NQF 4

End-user
computing
NQF 3

IT:
Technical
support
NQF 4

Call centre
support
NQF 2

Project
management
NQf 4

Business
admin
services
NQF 4

Business
admin
services
NQF 3

Public admin
NQF 4

HR
management
NQf 4

Marketing
NQF 4

End-user
computing
NQF 3

IT:
Technical
support
NQF 4

Call centre
support
NQF 2

Project
management
NQf 4

Business
admin
services
NQF 4

Business
admin
services
NQF 3

How you can help make a difference

When it comes to paving the way for a better tomorrow, you can bet our big-hearted clients are on board! So, to make giving back easier, we’ve come up with a way for our comprehensive car insurance clients to donate their decrease (aka the amount that their car insurance premium decreases by monthly) to 1 of the charities we support. All they have to do? Download our app and pick the charity they’d like to support. (Yeah, it’s that easy-peasy.)

Download our app:

Download for iOS Download for Android Download for Huawei