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MiRewards Terms and Conditions
- *MiRewards is essentially a premium refund for clients that are a better than initially assumed risk. Within the context of the MiRewards program, MiWay defines a “loyal client” as a client that:
- pays 11 out of 12 premiums in an annual cycle,
- stays insured with MiWay for a minimum of 36 months, and
- has an acceptable claims profile and is therefore a good risk client.
- Should a client miss more than one premium payment in any policy year the loyalty rewards for that year will not be accumulated, the client will not move onto the next earning level, and the guarantee of one full month’s average paid premium falls away.
- All rewards accumulated will be forfeited if a client’s policy is cancelled, irrespective of the reason.
- Transactional rewards for referrals are accumulated only once a quote has been completed with the referred individual by a MiWay agent, provided that the individual has never been quoted by MiWay previously.
- The number of transactional rewards accumulated through online policy updates is limited to a maximum of one update per day and five per annum. An update is defined as a single online session where one or more amendments to the policy were made.
- MiRewards calculations will be based on information available at the time of processing. Any errors or omissions will be rectified as and when recognised. MiWay will not be held liable for any administrative errors in any way whatsoever.
- Clients are solely responsible for any tax liability that might arise as a result of their participation in the MiRewards program.
- Clients should always ensure that they refer to the most current version of the rules, terms and conditions of the program, as published on www.miway.co.za.
- The MiRewards program remains the property of MiWay Insurance Limited. MiWay reserves the right to decline, issue and withdraw from the program at any time.
- MiWay reserves the right to alter or amend the rules, terms and conditions of MiRewards, or to terminate the scheme at any time and without notice.
- The redemption values explained in this brochure may change at any time at MiWay’s discretion.
- All rewards that have been accumulated prior to the date of amendment/termination of the program will not be affected.
- MiWay will be entitled to sell, cede, assign, delegate or in any other way alienate or dispose of any of or all of our clients’ rights and obligations under this program without their prior approval.
- If any client or anyone on their behalf abuses the MiRewards program, MiWay will have the right to cancel such client’s membership and withhold any MiRewards which may become due as a result of such abuse.
- If there is a dispute regarding the implementation or interpretation of the rules of this program, MiWay’s decision will be final and no correspondence will be entered into.
