Outsurance introduces new products

DIRECT short-term insurance company OUTsurance has announced that it will launch its car and household contents product lines in Namibia in January 2008, complementing its home-owners’ insurance cover, which has been available in Namibia since July 2007.

“We are delighted to share the remainder of OUTsurance’s personal product lines with Namibian consumers,” said Advocate Vekuii Rukoro, Group CEO of FNB Namibia Holdings, parent of Swabou Insurance, the licence holder for the OUTsurance Namibia products. OUTsurance has established itself as an innovative insurer, pioneering product features such as the OUTbonus, a cash lump sum paid back to clients who have been fortunate enough not to claim for a three-year period.While conceding that there has been some confusion about OUTsurance’s entry into Namibia, with another company called ‘Cashout Surance’, Rukoro was quick to point out that the good news for Namibian consumers was that the full range of the real OUTsurance’s products and services were now available.OUTsurance has established itself as an innovative insurer, pioneering product features such as the OUTbonus, a cash lump sum paid back to clients who have been fortunate enough not to claim for a three-year period.While conceding that there has been some confusion about OUTsurance’s entry into Namibia, with another company called ‘Cashout Surance’, Rukoro was quick to point out that the good news for Namibian consumers was that the full range of the real OUTsurance’s products and services were now available.