OUTsurance celebrates R500 Million in Cash OUTbonus payments

OUTsurance achieved a landmark total of R500 million in cumulative cash OUTbonus payments to its insurance clients. 

In the ten years since OUTsurance opened its doors, it has established itself as a respected and innovative player in the South African insurance industry. OUTsurance pioneered the concept of the OUTbonus where clients would receive a cash payment in the event that they had no insurance claims for three consecutive years. This is one of the product fundamentals supporting the company slogan “You always get something OUT”. 

In this time, OUTsurance has made more than 240,000 OUTbonus payments to more than 150,000 clients. Says Ernst Gouws, Managing Director of OUTsurance, “R500 million is a significant amount to have paid to clients. We have also noted the benefit of clients managing their risks more carefully in order to protect their OUTbonuses. This has assisted OUTsurance in keeping premiums affordable and offer even better value for money.” 

Gouws also commented on the interesting things that some clients spend their OUTbonuses on: “From surprise spa treatments for the spouse to buying a new kennel for the family pet, we’ve seen it all. We have some really creative customers.” 

The OUTbonus payment that crossed the R500 million mark was an amount of just over R5 thousand paid to Mr Kriek from Rooihuiskraal who is thrilled and proud of his claim-free record. OUTsurance will treat Mr Kriek further with a hamper full of OUTsurance goodies. Mrs Kriek is clearly a lucky wife since her husband has generously confirmed that after treating the two of them to a special evening out, he will be giving her the money “so that she can spoil herself a bit”. 

“OUTsurance is proud to have introduced the cash-back bonus concept into the South African insurance industry, and we are looking forward to celebrating paying R1 billion in OUTbonuses soon!” commented Gouws in closing.