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Provider comparison · Updated May 2026

OUTsurance vs Absa Insurance

How OUTsurance and Absa Insurance compare on price, claims, products and rewards across the South African market.

OUTsurance edges Absa Insurance on customer rating.

FeatureOUTsuranceAbsa Insurance
Customer rating★ 4.8★ 4.2
Average premiumR720/pmR680/pm
Claims turnaround24h72h
Pricing tierMid-rangeMid-range
Flagship productOUTbonusiDirect Car
Product rangeCar, Home, Business, LifeCar, Home, Life, Funeral, Investments

OUTsurance

You always get something OUT

Founded in 1998, OUTsurance is one of South Africa's most-recognised short-term insurers, famous for its OUTbonus and call-centre service model.

Strengths
  • 24-hour claims turnaround
  • OUTbonus cash-back after 3 claim-free years
  • Strong call-centre
Trade-offs
  • Fixed R4,000 excess on some products
  • Limited online self-service

Absa Insurance

Bank-backed personal cover

Absa Insurance offers short-term, life and funeral cover bundled with Absa banking, with strong bancassurance distribution across SA.

Strengths
  • Absa Rewards integration
  • Strong bancassurance model
  • Comprehensive life offering
Trade-offs
  • Limited self-service tools
  • Tied to banking relationship