Rand Mutual Assurance

Rand Mutual Assurance is a one of the vintage insurance companies in South Africa offering comprehensive workers compensation schemes. Established in 1894 in the mining industry, it has grown over the years in tandem with both the mining industry and the changes in the workers compensation underwriting and insurance sector. It is generally considered to be the pioneer of workers` insurance in this country. It also provides pension benefits through its wholly owned subsidiary, RMA Life Assurance Company.

Rand Mutual Assurance has as its main product statutory workers` insurance, covering employees and their dependents in the event of accidental injury or death directly caused in the workplace, plus occupational diseases arising during employment. Then there is their Augmentation Policy, which allows for a top-up on the insurance cover enjoyed by employees of companies that are members of Rand Mutual`s insurance scheme.

Additional specific cover has also been added to their product set, in the form of their Commuting Journeys insurance policy, which covers employees in the event of accidental injury or death while traveling to and from work, or work-related events such as training courses. Reflecting the conditions in an unstable labour scenario of a country like South Africa, there is also the Riot and Mines Auxiliary Forces policy, which covers employees of member companies against accidental injury or death sustained as a result of a riot, faction fight or disturbance caused by other employees of member companies. Across all of these offerings Rand Mutual strives to provide all of these services and products in a cost effective manner for clients, while at the same time deriving optimal investment return for its shareholders. It also has a community service ethos that includes contributions to programmes aimed at uplifting the living conditions of injured mineworkers and their families living in rural areas.