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Provider comparison · Updated May 2026

OUTsurance vs Nedbank Insurance

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

OUTsurance edges Nedbank Insurance on customer rating.

FeatureOUTsuranceNedbank Insurance
Customer rating★ 4.8★ 4.1
Average premiumR720/pmR700/pm
Claims turnaround24h72h
Pricing tierMid-rangeMid-range
Flagship productOUTbonusMobiLife
Product rangeCar, Home, Business, LifeCar, Home, Life, Funeral

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

Nedbank Insurance

Insurance through Nedbank

Nedbank Insurance provides short-term and life cover via Nedbank's banking channels, with Greenbacks loyalty integration.

Strengths
  • Greenbacks rewards
  • Bundled banking discounts
  • Strong digital app
Trade-offs
  • Nedbank customers favoured
  • Underwriting via partners