Trustco Insurance Ltd is the flagship company of Trustco Group Holdings and makes niche short and long term products available to the Namibian market. Trustco Insurance Ltd, trading as Legal Shield, obtained its short-term insurance license in terms of the Short-term Insurance Act no 4 of 1998 to operate as a short-term insurer on 21 June 2000. Trustco Insurance’s active policies have grown over the past years to approximately 111 000 and management anticipates a 15% annual growth over the next 5 years.
The product range includes Legal Shield, Medi Shield, Salary Shield, Funeral Shield, Elite Plan and One Shield. Recently two new exciting and innovative products –Study Shield and Business Shield, were launched. Study Shield provides cover against school fees and household expenses if the main member falls away as well as a funeral and accidental functional impairment, full HIV cover at no extra cost. It includes a free savings benefit for one child with the option to save monthly for more children. Business Shield covers SME’s and small businesses against labour related matters and includes a FREE Funeral Policy for all the business owners employees. We have now added an additional benefit whereby we will collect your debt.
The great news is that the FREE Funeral Cover on the Legal Shield, Salary Shield, Medi Shield and One Shield policies has been extended to your spouse. The FREE Funeral Cover is equal to your monthly premium multiplied by a hundred. For example, if you pay N$151 per month for your Legal Shield policy, you and your spouse will get FREE Funeral cover of N$15 100 for a period of 30 days. Unbelievable! When your next premium is received your cover is automatically extended for the next 30 days.
