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.
Modified on: Sun, 28 Jan, 2018 at 11:22 PM
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