SHA offers premium relief for SMME policy holders affected by lockdown
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<p><strong>By: SHA </strong></p>
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<p>With the nationwide COVID-19 lockdown having been extended for a further two weeks, many businesses, especially small, medium and micro-enterprises (SMMEs) are under increased pressure to manage their cash flow. In light of this, Stalker Hutchison Admiral (SHA) Risk Specialists, a wholly-owned subsidiary of Santam, is now offering premium relief to qualifying policyholders.</p>
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<p>Gareth Beaver, Chief Executive Officer (CEO) at SHA explains that the relief program is intended for current SME policyholders that are in financial distress as a result of the pandemic. Brokers can apply for deferred premium relief through SHA’s Pocket Underwriter platform. “This will allow policyholders to defer premium payments for a period of time on policies that they hold with SHA.”</p>
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<p>Beaver further explains that, policyholders’ retroactive cover and ability to claim for any insurable event will remain unchanged during this time. “We have adopted a simple yet effective application process to ensure that we review all requests timeously. Brokers can apply via our Pocket Underwriter platform on behalf of their clients at the click of a button, answer a few qualifying questions following which the application is automatically sent to SHA for approval.”</p>
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<p>The nationwide lockdown has impacted the cash flow of many companies and every bit of relief that businesses can get can make a real difference. “We urge all advisors to enquire to see if their clients qualify for SHA’s deferred premium relief offering, should their clients qualify” Beaver concludes.</p>
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<p>For more information or to register on the Pocket Underwriter, visit: <a href="https://www.sha.co.za/broker-portal" data-saferedirecturl="https://www.google.com/url?q=https://www.sha.co.za/broker-portal&source=gmail&ust=1587464732246000&usg=AFQjCNFztZSq4nuq-ugR2fIFmsxtPUtF0A">https://www.sha.co.za/broker-portal</a> or contact Alicia Narainsamy, Head I Digital Distribution on:<a href="mailto:alicia@sha.co.za">\alicia@sha.co.za</a></p>
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<p><strong>PLEASE TAKE NOTE:</strong> Applications for May 2020 premium deferral will close on 24<sup>th</sup> of April 2020.</p>
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