2019 COID Policy Renewals for Class IV

It is that time again for Class IV clients to renew their COID policy cover for 2020. Taking care of all compliance matters ensures that employees are always protected.

  Premium payment and earnings declaration timelines

The deadline for submission of actual earnings and the payment of premiums is 31 January 2020. You are required to declare your actual earnings cost for the 2019 cover period 1 January to 31 December. In addition, if you have not already submitted your estimated earnings for 2020, you need to submit by 31 January 2020.

Declaring your company’s earnings and paying premium by 31 January 2020 ensures that you receive your Letter of Good Standing (LOGS) timeously.

LOGS will be issued on a bi-annual basis. Please note that if there is a variance of more than 20% between the 2019 actual and 2019 estimated earnings, we would require a copy of your audited payroll report or EMP 501/201 for 2019 to support the variance. You can email a copy to declarations@randmutual.co.za. Earnings would then be reviewed and approved as soon as they are received. This might delay the release of your invoice and LOGS for 2020.

Use our online services

You can download your invoices and submit your earnings declaration online. Please visit www.randmutual.co.za, under the Online Service tab, click on Earnings Declaration Submission to submit your earnings, view your 2020 premium and download your invoices for payment. For enquiries, contact us on 0860 222 132 or email contactcentre@randmutual.co.za. We look forward to providing you with efficient and personal service and hope you will enjoy a long and satisfying relationship with us.

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