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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.
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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.
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.
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.