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Provider comparison · Updated May 2026
MiWay vs Standard Bank Insurance
How MiWay and Standard Bank Insurance compare on price, claims, products and rewards across the South African market.
MiWay edges Standard Bank Insurance on customer rating.
| Feature | MiWay | Standard Bank Insurance |
|---|---|---|
| Customer rating | ★ 4.4 | ★ 4.2 |
| Average premium | R640/pm | R690/pm |
| Claims turnaround | 48h | 72h |
| Pricing tier | Mid-range | Mid-range |
| Flagship product | MiHero | Comprehensive Car |
| Product range | Car, Home, Business, Life | Car, Home, Life, Funeral |
MiWay
Direct, digital, on your side
MiWay is a Sanlam-owned direct insurer that competes on simple, digital-first short-term insurance for individuals and small businesses.
Strengths
- Quick online quotes
- Strong digital UX
- Flexible excess
Trade-offs
- Smaller branch footprint
- Mixed customer service feedback
Standard Bank Insurance
Banking-bundled insurance
Standard Bank Insurance Brokers offers personal and commercial cover bundled with the Standard Bank Group's banking products.
Strengths
- UCount rewards
- Loyalty discounts for bank customers
- Wide branch footprint
Trade-offs
- Best pricing requires bank account
- Limited innovation vs direct insurers
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