Westerwald Bank members recover 73,400 euros

Press release of 03/11/2022

Reimbursement of money from the insurance company: Around 7,200 Westerwald Bank eG members are happy to have their insurance premiums reimbursed because they had a favorable claims experience last year.

dr Klaus Endres (board member of R+V) and Dr. Tobias Grüger (branch manager of R+V) presented the symbolic check to Dr. Ralf Kölbach and Wilhelm Höser (both board members of Westerwald Bank). (Photo: Westerwaldbank)

Hachenburg. On the occasion of this year’s Cashback Day on March 10, 2022, R+V Versicherung, the insurance partner of the Volksbanken Raiffeisenbanken, will refund up to ten percent of the insurance premiums paid. The special feature: This also applies to customers who have reported damage, because it is the claim history of the entire community of a bank that counts. Only members of a cooperative bank who have contracted a Members Plus insurance with R+V benefit from the cashback. That means: For those who already enjoy low membership fees, R+V puts the “icing on the cake” with cashback. The Westerwald Bank distributed a total of about 73,400 euros to its customers.

Cashback for private policies of R+V members and for R+V company health insurance
The cashback is available for the five components of the R+V member’s private policy: household items, housing, civil liability, legal protection and accidents. The customer can configure the desired insurance coverage here, as in the modular system. Also included: the accident risk policy for independent R+V members and the motor vehicle policy for R+V members. The R+V company’s health insurance fund is also on board. Members of the cooperative banks and the R+V BKK who have not been admitted to hospital for a year receive a refund of up to 60 euros. In the case of a specific hospital stay, there is a refund of 30 euros.

“Therefore, we are implementing the cooperative idea of ​​’one for all, all for one’: If there are few claims within the respective insured community, the individual benefits from the reimbursement”, explains Dr. Ralf Kölbach, Member of the Board Bank Administration. “The great thing about cash back is that members can really experience the benefit, because ideally, the cash hits their account once a year.”

Location: Hachenburg and surroundings

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