Rates Schedule
Official source
Source domain: sasria.co.za
Collected on 28 July 2026
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SASRIA Updated Rates Schedule (effective 1 October 2025) for premium calculation
SASRIA publishes an updated rates schedule effective 1 October 2025 that sets out annual and monthly premium rates (including minimum premiums) for multiple insurance categories (e.g., fire, advance standing charges, goods in transit/marine cargo, hull, motor vehicles, and contract works/construction plant).
- Who it is for
- People and organisations whose insurance premiums are calculated using SASRIA’s listed rate codes and minimum premiums.
- How to act on it
- Use the published SASRIA Updated Rates Schedule to determine the applicable annual/monthly rate and minimum premium for the relevant type and rate code.
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SASRIA Updated Rates Schedule Effective 1 October 2025
Goods In Transit & Marine Cargo (GIT) minimum premiums
The schedule sets Goods In Transit & Marine Cargo (GIT) minimum annual and minimum monthly premiums.
- Who it is for
- Policyholders/insured parties with Goods In Transit & Marine Cargo (GIT) coverage.
- How to act on it
- Use the GIT minimum annual premium and minimum monthly premium when calculating the premium for the relevant GIT coverage.
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Goods In Transit & Marine Cargo GIT Minimum Annual Premium R500 Minimum Monthly Premium R50
Fire - Domestic (F1) premium rates (annual and monthly, with minimum premiums)
The schedule provides Fire - Domestic (F1) premium rates for annual and monthly calculations, including minimum annual and monthly premiums.
- Who it is for
- Policyholders/insured parties with Fire - Domestic (F1) coverage that uses SASRIA’s rate code.
- How to act on it
- Apply the Fire - Domestic (F1) rate code to calculate the annual or monthly premium, ensuring the minimum premium amounts are met.
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Fire - Domestic F1 0.003630% R30 0.000363% R3
Advance Standing Charges (ASC) premium rates by indemnity period
The schedule provides Advance Standing Charges (ASC) annual and monthly rates for Domestic and Commercial, with rates varying by indemnity period (e.g., 12 MONTHS through 60 MONTHS).
- Who it is for
- Policyholders/insured parties whose coverage includes Advance Standing Charges (ASC) and who have an indemnity period specified.
- How to act on it
- Select the indemnity period row (e.g., 12 MONTHS, 15 MONTHS, etc.) and use the corresponding annual and monthly ASC rates for Domestic or Commercial.
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Advance Standing Charges ASC Domestic Commercial Indemnity Period Annual rates Monthly rates Annual rates Monthly rates 12 MONTHS 0.004901% 0.000490% 0.086400% 0.008640%
Fire - Commercial (F2) premium rates (annual and monthly, with minimum premiums)
The schedule provides Fire - Commercial (F2) premium rates for annual and monthly calculations, including minimum annual and monthly premiums.
- Who it is for
- Policyholders/insured parties with Fire - Commercial (F2) coverage that uses SASRIA’s rate code.
- How to act on it
- Apply the Fire - Commercial (F2) rate code to calculate the annual or monthly premium, ensuring the minimum premium amounts are met.
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Fire - Commercial F2 0.039228% R500 0.003923% R50
Additional Increase in Cost of Working (MON) as 'PLUS 50%'
The schedule states that the Additional Increase in Cost of Working is calculated as 'Above rates PLUS 50%' (MON), based on the underlying policy premium, with annual and monthly rate and minimum premium values shown.
- Who it is for
- Policyholders/insured parties whose underlying policy premium is used to calculate the Additional Increase in Cost of Working (MON).
- How to act on it
- Calculate MON using the underlying policy premium and apply the stated annual/monthly rate and minimum premium values.
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Additional Increase in Cost of Working- Above rates PLUS 50% Money (Calculated on underlying policy premium) MON Annual Monthly Rate Min Prem Rate Min Prem 1.197900% R50.00 1.197900% R5.00
Facts
Reference
https://sasria.co.za/wp-content/uploads/2026/07/SASRIA-Updated-Rates-Schedule_2026-v4.pdf
Amounts
R 30, R 3, R 500
Key Takeaways
- SASRIA Updated Rates Schedule effective 1 October 2025
- Fire - Domestic (F1): annual 0.003630% with minimum annual premium R30; monthly 0.000363% with minimum monthly premium R3
- Fire - Commercial (F2): annual 0.039228% with minimum annual premium R500; monthly 0.003923% with minimum monthly premium R50
- Advance Standing Charges (ASC) Domestic/Commercial: annual rates 0.004901% (12 months) down to 0.000953% (48 months) with corresponding monthly rates and minimum premiums
- Additional increase in cost of working: above rates PLUS 50% (MON)
- Goods in Transit & Marine Cargo (GIT) minimum annual premium R500; minimum monthly premium R50
- Motor vehicles: e.g., Cars (M1) annual R26.23 and monthly R2.62; Buses (M5) annual 0.751433% with minimum annual premium R2,000 and monthly 0.075143% with minimum monthly premium R200
- Reinstatement - Motor Vehicle (Depots) (F1/F2): annual 0.081648% with minimum annual premium R500; monthly 0.008165% with minimum monthly premium R50
- Contract Works/Construction Plant: On Works (Domestic) 0.011326% with minimum annual premium R50; On Value 0.113256% with minimum annual premium R500
- SASRIA
- Institute Riot and Strike Clause (RSCC)
Dates
Closing Date
1 October 2025