Rand Mutual Assurance
| Tel: +27 (0) 11 497 6600 |
| Fax: +27 (0) 11 834 2110 |
Address:
Edura, 16 th Floor
41 Fox Street
Johannesburg |
Postbox:
PO Box 61413
Marshalltown
2107 |
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape. |
Licence:
Accident & Health
Liability
Miscellaneous
|
The Rand Mutual Assurance Company Limited was founded in 1894 by three mining companies on the Witwatersrand as a non-profit mutual insurance company to administer workers' compensation benefits to mining industry employees injured in the course and scope of their employment. In fact, the Rand Mutual pioneered workers' insurance in South Africa.
In 1941 the Workmens Compensation Act was promulgated and Rand Mutual was granted a licence by the State enabling it to underwrite workers compensation insurance for the mining industry.
In 1990, RMA Life Assurance Company Limited was established as a wholly-owned subsidiary of Rand Mutual to manage pension benefits payable to claimants and their dependants.
In 1993, when the Workmen's Compensation Act, 1941, was replaced by the Compensation for Occupational Injuries and Diseases Act (COID), the Rand Mutual retained its licence to underwrite workers compensation. The Rand Mutual has expanded its add-on and complementary covers and now offers a variety of accident related insurance products. |
