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Lockdown: Standard Bank offers 25% cash-back relief for insurance customers

The bank’s insurance wing said clients would receive a 25% cash-back because they were driving less because of the national lockdown.

Standard Bank offices in Johannesburg. Picture: EWN

JOHANNESBURG - Standard Bank has provided its customers with another relief package, this time for insurance clients.

Standard Insurance is implementing a 25% cashback relief on its car insurance premiums.

LIST: These are the lockdown payment holidays being offered by SA's big banks

The bank was the first to announce a three-month payment holiday for its small business clients and students.

Now its insurance wing said clients would receive a 25% cashback because they were driving less because of the national lockdown.

Managing director Nolwandle Mbalo said: “We recognise that there will be fewer vehicles on the road and as a result, it would make sense that from our side that given the fact that the probability of accidents will actually be lessened.”

For official information about COVID-19 from the Department of Health, please click here.