Description

Objective:

Provide a flexible savings plan for tyres and car batteries, enabling clients to save monthly and claim for products or services when needed.

Service Overview

• Tyre Laybuy: Clients can save from R89/month per tyre.
• Car Battery Laybuy: Clients can save from R50/month.
• Claim Window: Clients can claim after 6 months for tyres or batteries as long as they have contributed a portion of the product cost.
• Emergency Aid: Offers partial aid for fuel and wheel alignment.

Key Features

1. Flexible Contributions:
   • Minimum R89/month per tyre.
   • Minimum R50/month for car battery.
   • Clients can adjust their monthly contributions.
2. Claim Process:
   • Tyre Claim:
     • After 6 months, clients can claim for a tyre proportional to their contributions.
     • Example: If the tyre costs R1500, and the client has contributed R1068 in 6 months, they will pay the balance of R432.
   • Battery Claim:
     • Claims follow the same principle based on accumulated savings.
3. Emergency Aid:
   • Fuel Aid: 10L fuel deposit to client’s NuCard account during emergencies.
   • Wheel Alignment: 20% of the cost covered; balance paid by the client.
4. Incentives:
   • Clients who don’t claim for emergencies or products within 12 months receive a 10% bonus of their total contributions, deposited into their NuCard account.
   • Remaining funds are rolled over to the next 12-month cycle.