IBG Underwriting Managers who has, on behalf of Renasa Insurance company, developed PROFSAVE an excess waiver product, covering the excess on your Professional Indemnity policy. PROFSAVE works on a trigger basis, which means that as long as your underlying Professional Indemnity policy responds to a claim, PROFSAVE will cover the excess as stated on the schedule in which case no inner excess will apply. Should your claim fall within your excess of the underlying Professional Indemnity policy, IBG will consider the claim so long as there was a ruling from any statutory Ombud or any competent Civil Court within the Republic of South Africa, not exceeding the amount stated on the schedule. An inner excess of 15% will apply in respect of any claim admitted by IBG that falls within your excess of the underlying policy. Professional Indemnity policy premiums are generally based on your Sum Insured and commission or fee income ,whereas our rates are not income rated and purely on sum insured bands. Our Minimum limit of indemnity is based on an excess of R10 000, and we can arrange cover up to a maximum of R350,000. We provide cover for Individuals (up to twenty representatives) and for Groups (of more than 20 representatives). We bring to your attention to consider this offer which is designed to protect your bottom line.

IBG Underwriting Managers who has, on behalf of Renasa Insurance company, developed PROFSAVE an excess waiver product, covering the excess on your Professional Indemnity policy. PROFSAVE works on a trigger basis, which means that as long as your underlying Professional Indemnity policy responds to a claim, PROFSAVE will cover the excess as stated on the schedule in which case no inner excess will apply. Should your claim fall within your excess of the underlying Professional Indemnity policy, IBG will consider the claim so long as there was a ruling from any statutory Ombud or any competent Civil Court within the Republic of South Africa, not exceeding the amount stated on the schedule. An inner excess of 15% will apply in respect of any claim admitted by IBG that falls within your excess of the underlying policy. Professional Indemnity policy premiums are generally based on your Sum Insured and commission or fee income ,whereas our rates are not income rated and purely on sum insured bands. Our Minimum limit of indemnity is based on an excess of R10 000, and we can arrange cover up to a maximum of R350,000. We provide cover for Individuals (up to twenty representatives) and for Groups (of more than 20 representatives). We bring to your attention to consider this offer which is designed to protect your bottom line.