Exim Launches Life Insurance Product for Social Groups
The product under partnership with
Speaking at the launch of the product in Dar es Salaam on Wednesday,
"This product has been introduced with the aim of ensuring that Tanzanians are not left behind when it comes to covering themselves, their families and loved ones with the best insurance service. That is why through this product we have touched on formal and informal groups including workers' groups, entrepreneurs, cooperatives, social media groups such as Whatsapp, Facebook, and Telegram and other such groups, " she said.
Elaborating on the benefits of the product, the bank's Acting Head of Bancassurance, Melchizedeck Muro said: "Through the product there is no waiting period. Benefits will be issued within 72 hours after receipt of all claim documents. A member of the "Pamoja Hadi Mwisho' insurance will get benefits himself, his partner, children (four children aged 0 - 21 years), parents, and parents in-laws."
On his part Alliance Life Assurance Bancassurance Manager,
He further, explained that through the product, when a member becomes permanently disabled as a result of an accident, a condolence hand ranging from 3.5m/- to 6m/- will be paid upon receipt of all claim documents.
"The "Pamoja Hadi Mwisho' product recognizes the importance of education for children. Thus, if a member dies, leaving the children still in school, his/her family will be provided with a Sh1 million for the purpose of enabling his/her children to continue with their studies in the relevant year without interruption,"
He assured the public that the service is of high quality while noting that they are committed to ensuring that the service is provided to meet the requirements and objectives of its design.
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