Official source
Source domain: sasria.co.za
Collected on 13 July 2026
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Claim notifications and communications channel (to the Agent)
The document provides an administrative requirement: all claim notifications, reports, or any other communications related to this coupon policy must be made to the Agent.
All claim notifications reports or any other communication whatsoever in connection with this Coupon Policy shall be made to the Agent.
Reference
https://sasria.co.za/wp-content/uploads/2026/02/20009-Annexure-8c-Advance-Standing-Charges.pdf
Amounts
R 500 000 000
Advance/Advanced Standing Charges coupon policy (insurance cover for standing charges)
This coupon schedule provides insurance cover for insurable standing charges (business expenses that may not diminish proportionately with turnover reduction, and variable charges desirable to continue). It sets the total sum insured, maximum indemnity period, period of insurance, and premium (inclusive of VAT), and it is incorporated with the attached specification.
ADVANCE STANDING CHARGES ADVANCED STANDING CHARGES COUPON NUMBER YEAR ASC Replacing Coupon Policy No (where applicable) Agent: Underlying Policy Number: Broker: Sasria Contract Works Coupon No.:
VAT input deduction eligibility (possession of document + proof of premium payment)
The document states that VAT input deduction eligibility depends on the insured being in possession of this policy document and proof of premium payment.
In order to be eligible for a VAT input deduction, the insured must be in possession of this policy document together with proof of payment of the premium ( e.g. bank statement)
VAT alternative documentation for premium payment (document + proof of payment)
For VAT purposes, this document together with proof of premium payment can be used as an alternative to a tax invoice, debit note, or credit note as contemplated in the VAT Act sections referenced in the document.
In terms of a ruling by SARS, this document together with proof of payment of premium constitutes an alternative to a tax invoice, debit note or credit note as contemplated in section 20(7) and 21(5) of the VAT Act respectively.
