The purpose of the Short Term Insurance Ombudsman is to resolve disputes between members and insured consumers in an independent, impartial, cost-effective, efficient, informal and fair way. . More Details »
A life insurance policy entitling the policyholder to share or ‘participate’ in surpluses and profit which may be distributed by the company. Participation in surplus and profits is by way of ‘bonuses’ which reflect the difference between premium charged and mortality experience.