General Risk Administrators SA (Pty) Ltd is a Registered Financial Service Provider. FSP No: 43257
General Risk Administrators SA (Proprietary) Limited ("GRSA") is a specialist Underwriting Agent, a registered FSP and Insurance Administrator specialising in the establishment, formulation and management of both First and Third Party Cell Captives and “Virtual Cell Captive Type” structures for a variety of businesses types. Our main area of focus are motor dealerships and associated industries.
Our services include the provision of a full range of insurance Administration Services and Insurance Business Management including Claims Management, Product Design, Call Centre Solutions, Underwriting, Financial Reporting and regulatory compliance.
We pride ourselves on our totally transparent business practice and reporting solutions. To us “Transparency breeds Integrity”.
We are proud to be part of the King Price family. An innovative insurance group providing market best practice insurance solutions. With a multibillion Rand premium income and in operation for the last 13 plus years, the King Price insurance group established itself as a well known and trusted brand and one of South Africa’s top insurance groups.
We are ideally placed to structure highly competitive and totally unique structures to meet our clients requirements. We believe the commercials around our business offerings to be at the cutting edge of the market.
With being in the Motor VAPs business since 2008 and in specialising in Motor related VAPs, the GRSA team has all the experience, expertise and ability to developed and administer any VAPs related products. Our insurance products are respectively underwritten by the following Registered Financial Services Providers: King Price Insurance Company with FSP number 43862, King Price Life Insurance Company with FSP number 47235, Guardrisk Insurance Company Limited with FSP number 75 and Guardrisk Life Limited with FSP number 76.
Covers the cost of repairing/making good the mechanical and/or electrical breakdown of your vehicle. Various limits and periods of cover offered. Standard period of cover are 6 months, 12 month or 24 months.
Provides for the repair of replacement of tyre and rims from damage caused by road hazards. Select the cover limit that suits you. Policies traditionally run for 24 months.
Designed to settle any debt you may have, and additionally pay surplus amounts, to you or to your estate. Benefits are paid in the event of Death; Chronic Illness and Disability, both temporary or permanent. Various cover options available. Pays the full selected value for a 6 year period – no reduction in cover over the 6 years. A monthly paid policy which may be renewed every 6 years.
Intended to provide you with the means to settle the finance provider for any shortfall you may be responsible for following the write off or theft total loss following the payout where your comprehensive motor policy does not fully settle amounts owing. A monthly paid policy providing for the payment of the benefit for as long as the premium is paid and for as long as you own the vehicle.
Provides you with a capital sum in the event of write off or total loss theft. Intended for use as a deposit on a replacement vehicle, for settling any financial obligation you may have or for any other cause of your choosing. Monthly paid premiums allow for indemnity payments for the period of premium payment and for the full period of your ownership of the vehicle.
Allows you to repair and make good small dents, scratches and paint and windscreen chips. Designed to keep your car in a “like new” condition. Various limits and period of cover, from 12 to 72 months, are available.
This Plan makes sure the regular scheduled services of your vehicle are covered. A wide range of cover options and terms are available. Make and Model specific options also available – you select the number of months and kilometres travelled for which you require cover.
Provides for the reimbursement of certain safety items such as shocks, brakes, wiper blades and batteries which may require replacement at the time of a scheduled service. Generally these Plans provide for 24 months cover.
Tel: 0861 222 871
Fax: 0866 811 039
Email:
admin@grsa.co.za
Hours: 08:00 - 16:30