It is almost that time of year again where BARKERS rewards you for managing your risk and avoiding claims!
Am I Eligible to receive a Cash Back Bonus?:
If you have not claimed on your policy between the 1st of NOVEMBER 2010 & the 31st OCTOBER 2011, you will be eligible to receive 10% of your Annual Premium back as a refund. Your BIB Bonus will only be forfeited following the payment of any claim submitted for any incident where the incident date reported falls within the appropriate BIB Bonus cycle. Your BIB Bonus cannot be reinstated even if a successful claims cost recovery is made. Should you decide to withdraw a claim in order to protect your BIB Bonus, your decision will remain final and cannot be altered should any subsequent claim be submitted.
History of BIB’s Cash Back Bonus:
We started our “BIB BONUS” scheme in 1992 (a World first) and to date we have made 9682 BIB Bonus premium refunds totaling R12.5 million to clients who qualify. Unlike other insurance companies, the BIB BONUS is paid out annually.
BIB Bonus’s will be paid out by Mid-November. Those eligible will receive an email and sms notification of the payment being transferred directly into their account.