Please note: This website requires Flash and JavaScript to enjoy the full function range.
Please ensure that Flash and JavaScript are activated in your browser options. To download the
current flash plugin version please click here.

Volkswagensure Retrenchment Policy.

What is the Retrenchment Policy?

When you are involuntarily retrenched, this product will take care of your monthly vehicle instalments, leaving you to focus on finding alternative employment and not worry about paying your monthly vehicle instalments.

Important notes to remember.

  • There is no cover for the first three (3) months after inception of this policy.
  • The benefit is payable only in the event of an involuntary retrenchment.
  • The first month after retrenchment you will be responsible for your finance instalment. The policy will only start paying the monthly instalment from the 2nd month after your retrenchment.
  • The benefit is limited to six (6) months’ monthly instalments after the first retrenchment, with a further three (3) months benefits left in the event of a second retrenchment. The total and maximum benefit is nine (9) months’ instalments.
  • Payment of the policy benefit will stop after re-employment or when the maximum benefit has been paid.

The following people are not eligible to purchase a Retrenchment Policy.

  • Self-employed individuals
  • Sole proprietors
  • Partners in firms or associations
  • Members of a close corporation
  • People who are employed in a business owned by a member of their family

Please speak to your Dealer or contact Volkswagensure on 0800 204 638 if you have any queries or to receive a quote.

Hollard Insurance

Volkswagen Financial Services, a division of Volkswagen Financial Services South Africa (Pty) Ltd. an authorised Financial Services and Credit Provider. NCRCP6635