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#MakingADifference

#MakingA-Difference

Building a better South Africa all day, every day

How we’re #MakingADifference during COVID-19

Making sure that NGOs can keep their doors open

We donated R1 million to The Mergon Group’s GAP Fund. GAP helps to make sure that the non-profit sector is able to keep paying salaries
and cover their running costs while they distribute the aid that comes from government and the private sector.

Funding charities

By the end of our 2020 financial year, we’ll have donated R500,000 via Nika Capital and Baobab Foundation to:

Giving our clients a helping hand

We’ve developed a product that enables car clients to maintain their comprehensive cover but with limited accident cover while driving during the lockdown restrictions. It’s essentially 70% of the cover for 30% of the cost.

For home contents, our clients can change from comprehensive cover to an option that covers most insured perils but excludes theft. The saving is around 60%.

Please note:

  • Individual premiums are risk profile-dependent.
  • Click here to email our retentions departments for more info on these products.

How we’re #MakingADifference every other day:

Sharing profit

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 Mergon supports.

Education

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. This year alone, we’ll contribute to R121 million to tertiary education by
funding scholarships through iCOLLEGE.

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

Decreasing premiums

We’re the only insurer in the world that automatically decreases car premiums monthly as the 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 often say that we’re here to change the world, 1 decreasing premium at a time. 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 Mergon’s charities, via our app.