Retrenchment Insurance

Secured, even When Times Are Tough.

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Happy Clients

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Active Policies

$ 0 M +

Total Life

$ 0 M +

Paid in Claims

Why our Retrenchment Insurance?

Up to 6 Payments

Pays you up to six monthly payments if you get retrenched

Up to 2 events

Pays out for up to two retrenchments during the term you’ve chosen.

we are Paperless

We will fill-out all forms and send them for e-signatiure. Skip the printing & scanning.

In a nutshell

Retrenchment Insurance provides a monthly tax-free payment when you are retrenched to help you take care of your family, cover ongoing expenses and pay your bills while you look for a new job.

Customer reviews

I've recommended Cosmic to all my friends and family because of the exceptional service I received. If you want a hassle-free insurance experience with a personal touch, look no further.

Vlad Winkler Entrepreneur

Choosing Cosmic was one of the best decisions I've made for my insurance needs. Their expertise and attention to detail gave me peace of mind knowing that I have the right coverage in place.

George Nekwaya Tech CEO

My experience with Cosmic was exceptional. Their friendly staff guided me through the entire process and made sure I had all the information I needed to make an informed decision.

Grace Chisenga Teacher

I appreciate their efficient process of electronically filling out forms for me and seamlessly obtaining my signature online within minutes. It saved me the hassle of handling paperwork.

Samuel Kalangula Sales Executive

In this forever busy & demanding world, my experience with Cosmic has been one of efficiency, very well tailored and personalized to make my life easier. I highly recommend their Service.

Dr Elina Barnabas-Shilongo Medical Doctor

FAQ

Click Here and submit your personal details. You may also call us on 061400000.

You can cancel your Life Insurance any time.

If you're claiming for the first time: You need to have had your cover for at least 6 months before you’re retrenched. Once we approve your claim, a one-month waiting period will apply before you start receiving your pay-out.

If you're claiming for the second time: You need to have been employed for at least 12 months between the time you submit your claim and your previous retrenchment.

Insurance add-ons are optional extras that you can include in your standard insurance policy to enhance coverage.
 

NB* Add-ons usually come at an extra cost

 

An insurance brokerage acts as an intermediary between clients and insurance companies. Their main functions include:

  • Advising Clients: Helping individuals and businesses understand their insurance needs and recommending appropriate policies.
  • Sourcing Policies: Comparing offerings from various insurance companies to find the best coverage and rates for their clients.
  • Negotiating Terms: Working with insurers to secure favorable terms and conditions for their clients.
  • Claims Assistance: Assisting clients with filing and managing claims to ensure they receive their entitled benefits.
  • Ongoing Support: Providing continuous advice and support, including policy reviews and updates as clients' needs change.

In essence, insurance brokerages help clients navigate the complexities of insurance to ensure they are properly covered.

Yes, Cosmic has valid licenses to carry out insurance broker services in Namibia. We are regulated  by NAMFISA and we are obligated to abide by the long-term and short-term insurance act.

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