At MiWay we reward you for being a good risk, loyal client of MiWay. As long as you are an active client of MiWay, you will automatically qualify for membership of MiRewards. Membership of MiRewards gives you the opportunity to earn and make use of your rewards (Terms and conditions apply).

You are a good risk for MiWay by staying longer than the average client, paying your premiums regularly (you are not allowed to miss more than one premium payment in any policy year), taking out multiple products and having an acceptable level of claims.

The criteria mentioned above allows MiWay, amongst other things, to reduce its administration and marketing costs over time and to better allow for your risk as a policyholder. The Miyas that you earn are therefore a refund of a portion of your original premiums because you have turned out to be a better risk than initially assumed by MiWay.

After three years assuming you are a good risk client of MiWay, you are guaranteed to have at least one month’s premium (taken as an average of premium paid to date) available for spending in Miyas.

You can earn Miyas via either regular or special rewards. In general, these Miyas will be available for spending once you have been a MiWay policyholder for 36 months. Thereafter, your Miyas will be available as and when you earn them.

Regular rewards are earned at policy anniversary and are an ever increasing percentage of premiums paid in the preceding year.

Special rewards are once-off in nature and can be earned in a variety of ways; taking out more than one product in your first year as a client of MiWay, electing to receive electronic documentation and referring people who complete quotes with MiWay.

The documents below, specifically the MiRewards Brochure, provide a comprehensive overview of MiRewards.

Downloads
MiRewards Terms and Conditions