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R400 Challenge - Terms & Conditions

If we can't beat your premium, we will pay you R400.

The terms and conditions as set out below apply to the R400 Outbound Challenge ("the Promotion"). By taking part in the Promotion, you agree to be automatically bound by these terms and conditions.

The essentials of this Promotion

MiWay offers to pay R400 (four hundred Rand) in cash where a person completes a personal lines insurance quote initiated by MiWay, and where such a Quote is more expensive, on a like-for-like basis, than what that person is currently paying for his/her insurance elsewhere.

    For clarification, in terms of the Promotion:

    • a Quote must at least include comprehensive insurance cover on at least one vehicle, with vehicle referring to a passenger vehicle, SUV or light delivery vehicle (bakkie);
    • like-for-like means the following are the same:
      1. material underwriting information (including but not limited to the following)–
      - policyholder and or regular driver personal information,
      - vehicle make and model,
      - incident history,
      - sum insured,
      - security features,
      - risk address,
      - use of vehicle;
      2. claim excess amount(s);
      3. cover selected, including additional and/or optional cover e.g. car hire, credit shortfall, specified accessories etc.
    • the insurance premium that you currently pay, that will be compared to the MiWay Quote, must include the total premium of all items quoted plus policy costs and fees (if any).

    Am I eligible for the Promotion?

    If you answer YES to any of the questions/statements below you do NOT qualify for the Promotion and as such will NOT be eligible to claim the R400:

    1. Have you initiated the quote from our website, your broker, dealership or by phoning MiWay?
    2. Have you received a payment in terms of the Promotion and/or any other similar MiWay promotion before?
    3. Are you an existing MiWay policyholder or have been a MiWay policyholder in the last 6 months?
    4. Is the quote that you received from MiWay on anything else other than personal lines insurance?
    5. Have you received a quote from MiWay on the same vehicle within the last 6 months?
    6. Are you currently uninsured on the vehicle(s) you require the Quote on?
    7. You are not in possession of a valid RSA ID?
    8. Are you currently insured with Primeridian, Discovery or Hollard Pay-As-You-Drive?

    Apart from the above, if you are deemed an unacceptable risk as determined by our underwriting criteria and we therefore either cannot quote you or provide you with cover, you will NOT qualify for the Promotion.

    What must I do to qualify for the Promotion?

    In order to qualify for the Promotion, you have to be eligible and do the following

    1. Obtain a quote initiated by MiWay, via a MiWay call centre sales agent, on personal lines vehicle(s) that you currently have insurance cover for and are paying an insurance premium on to a registered insurance company in South Africa;
    2. Submit a policy schedule (not older than 3 months) of your existing insurance cover to schedules@miway.co.za within 7 days of MiWay sending you the quote via e-mail where what you’re currently paying for insurance cover, on a like-for-like basis, is less than quoted by MiWay in order for MiWay:
      - to confirm that the amount paid to your current insurer on a like-for-like comparison is indeed less than what was quoted;
      - to confirm that the cover was effective prior to the date of the MiWay quote; and
      - to have the opportunity to re-quote in an attempt to beat the premium on the schedule submitted by you.  

    Further conditions:

    1. You will only be eligible for the R400 payment if
      - MiWay cannot beat your current insurance premium after doing a like-for-like comparison on your submitted schedule; and
      - if you do not accept the MiWay personal insurance quote.
    2. This Promotion is not applicable to quotes obtained through any of the following channels: inbound, online (MiWay website), dealerships or brokers.
    3. The Promotion is further not applicable if it is not possible for MiWay to do a quote on a like-for-like basis due to cover and/or excess structures and/or benefits.
    4. The vehicle(s) insured with your current insurer must have been insured for at least the last 30 days.
    5. You must have access to e-mail.
    6. Payments to separate members of the same family will be allowed provided the conditions of the Promotion are met.
    7. This Promotion is not open to any staff members of MiWay.
    8. MiWay reserves the right to discontinue this promotion at its discretion and without any prior notice.