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Algoa Insurance Company Ltd (AICInsurance)

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Tel: 041 582 4577
Fax: 041 582 3865/0
Address:
First Floor
Old Museum Building
28 Bird Street
Central
PORT ELIZABETH
6001
Postbox:
PO Box 12270
MOFFAT PLACE
6002
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.

AIC Insurance has been underwriting absenteeism risk and providing short and long-term illness and temporary disability benefits for more than 30 years.

We do personal accident cover and funeral (personal and group) cover.

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From The Glossary »

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Risk Of Adverse Deviation:

A concept used by life insurance enterprises in estimating the liability for future policy benefits relating to long-duration contracts. The risk of adverse deviation allows for possible unfavorable deviations from assumptions such as estimates of expected investment yield, mortality, morbidity, terminations and expenses.
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