State-owned mobile operator, Netone, in collaboration with First Mutual Life (FML), yesterday launched a low cost funeral policy supported by a $10 million BancABC facility.
The launch follows similar products already launched by other mobile operators, Econet and TelOne which already offer various insurance services through their mobile financial service platforms.
FML will be underwriter of the funeral insurance , which will give cover of up to $3 000.
Premiums are pegged at a minimum of 40 cents per month.
“OneCover is basically a funeral insurance product in partnership with FML which will underwrite this service . We have deliberately chosen FML because of their rating and equity that they have built around the insurance services,” acting chief operating officer, Clever Isaya said at the launch.
NetOne has 4.67 million active subscribers, constituting 36.6 percent of the market share while Econet and Telecel have 6.36 million subscribers (49.4 percent) and 1.81 million subscribers (14 percent) respectively.-The Source
(118 VIEWS)
The gazetting into law of the payment of quarterly taxes on a 50-50 basis in…
Zimbabwe has today unveiled a ZiG276.4 billion budget for 2025 during which it expects the…
Zimbabwe President Emmerson Mnangagwa has repeatedly stated that he is not going to contest a…
The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…
An Indian think tank has described Starlink, a satellite internet service provider which recently entered…
Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…
