Open navigation

How does a refund get calculated?

Refunds are calculated on a pro rata basis when shares are sold, and paid into the clients trading account. Therefore if you bought and insured 100 shares in company ABC at R100 per share on 1 January and sold all those shares at the same price on 30 June; you would be entitled to a refund of 50% of the premium paid, as long as the sale did not result in your receiving a claim.

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.