Constantia Group Limited review 2021

Posted on Jan 5, 2021 by Staff Writer

Rateweb | South Africa

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Constantia Insurance Company Limited
Type Private Company
Sector Financial Services
Industry Insurance
Address Tulbagh,
360 Oak Avenue,
Randburg
2194
South Africa
Products Life insurance, health insurance, accidental insurance, motor insurance, customer protection, phone insurance
Phone 0116864200
Website www.constantiagroup.co.za

Constantia Group Limited is an insurance company that is headquartered in Sandton, South Africa. The company prides itself as having an experience that stretches over 6 decades in the insurance industry.

Constantia offers multiple services to individuals and businesses. Products and services include commercial insurance, health insurance, specialist products, life insurance, car, home and buildings insurance and specialist insurance.

Constantia provides a wide variety of quality cover and specialises in personal and commercial policies.

Commercial policies exclude those for businesses in the engineering industry, aviation and heavy industry.

Policies are tailor-made for a specific industry that a business operates in and for different types of individuals.

The company provides low-cost insurance policies while making sure that they deliver quality services to their clients.

In recent years the company has been showing rapid growth with its expansion of offices and key assets.

Constantia is a member of the South African Insurance Association. The group is 100% owned by Conduit Risk and Insurance Holdings (Pty) Ltd.

Services offered by Constantia Group Limited

Commercial insurance

Commercial business insurance: with commercial business insurance you can choose to get a policy that covers specific risk exposures to your business.

This is because not every business has the same kind of risks, for example, retail business will want to insure over debtors while a fast-food business will want to insure overstock.

The business commercial insurance covers over motor vehicles, electronic equipment, business interruptions, goods in transit, fire classes, personal accidents, fidelity guarantee and all business risks.

SMME Business Insurance: Constantia understands that SMMEs are the economic driver in South Africa, therefore, it is only wise to dedicate insurance specific for them.

SMMEs are offered insurance that ensures their business is protected in bad times.

The SMME business insurance protects SMMEs against financial losses due to: loss of attraction, dependency on third party performance, fraud by external parties, supply chain disruptions and prevention of access.

Car, Home and Buildings Insurance

Car, home and buildings insurance: Constantia affords car and homeowners to insure their most loved assets. You can get a cover for your car, buildings or home against theft, loss or damage.

Constantia cover for: home contents against loss or damage caused by a wide range of perils, buildings against fire, explosion, lightning, storm, landslip, water etc and vehicles against damage or loss.

Autobody warranty: this covers you in the event of an unexpected mechanical breakdown or electrical failure.

The cover is only for vehicles that are less than 10 years old and have less than 250 thousand kilometres on the speedometer.

Only mechanical parts such as a gearbox, turbo, engine etc are covered. Cosmetic damages and wear and tear related damages are not covered.

Electronic devices: you can cover your electronic mobile devices with Constantia.

This short term insurance option includes electronic devices such as cellphones, tablet computers, laptops, mobile stereos and other similar devices.

The cover is for policyholders and their family members that live with them and are financially dependent on the holder. The cover is for an event where there is physical loss or damage and theft from boot or hidden compartment of a locked vehicle.

Specialist Commercial Insurance

Agricultural business: agricultural businesses are special and have different insurance needs than commercial businesses.

Constantia gives farms an insurance option to ensure their livelihood whether they are a commercial farmer or rural farmer.

The cover is against farmer‘s personal assets, farming activities and assets on the farm.

Taxi and businesses business: Constantia offers comprehensive motor insurance for those in the bus and taxi industry.

The insurance solution is specifically designed for the minibus taxi industry and owners of large fleets of busses.

Cover includes income protector when the taxi or bus is at the repairs. The cover is against passenger liability and third-party liability.

Fleets: this is for businesses in the transport industry but not for businesses in the transportation of passengers. This insurance is for any type of vehicles that may include busses, cars, bakkie and trucks.

The cover is against pollution and contamination, theft and hijacking, damage during riots or strikes and damage due to accidents, fire and storms.

Residential Sectional Title: this cover takes care of both the assets and monitoring of geyser’s health. The cover monitors the health of your geyser to reduce the risk and convenience of a burst geyser.

Health insurance

Medical evacuation cover: this covers you and your family for medical evacuation and hospital treatment for medical emergencies.

Constantia works with its partners to make this possible. The cover may include treatment home or abroad, air evaluation with medical treatment, return by commercial airline to home country etc.

Gap Cover: this covers your outstanding medical expenses that your medical scheme cannot. Your shortfalls are covered immediately by Constantia when hospitalised.

Primary Health: this is a medical scheme from Constantia that covers essential Healthcare needs.

Essential Healthcare includes general practitioner visits, essential medicines for both acute and chronic conditions, diagnostic services, optometry, health screenings, maternity benefits and others.

Other services and products offered by Constantia

Life: this is a life and funeral cover that is available for businesses and individuals. Businesses can get group funeral schemes for their employees and group life covers.

Other group business products include group assurances for SMMEs, group credit life assurance and group primary Healthcare.

Medical Malpractice: Constantia gives insurance for healthcare professionals which protect them against certain negligence and omissions.

The cover helps with legal costs and claims for personal injury damages where there are cases of medical negligence accusations.

Constantia Group Limited Executives

Name Position
Peter Geoffrey Todd Chief Executive Officer
Lebogang Padi Legal Compliance Officer
Martin Nienabar Chief Financial Officer
Heidi Dias Executive: Stakeholder Relationships and Claims
Toska Kouskos Executive: Health
Alex Brownlee Executive: Acturial and Analysis
Sujeeth Bishoon Chief Underwriting Officer

Conclusion

Constantia Group Limited is one of few insurers that provides airlift emergencies to individuals.

The company is clearly a top-notch insurance company that offers its services at an affordable rate. Surely, Constantia is arguably one of the best high stake underwriters in South Africa along with its competitors Hollard, Clientele and Outsurance. The insurance company offers affordable services to industries that the company insures.

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