February 7, 2018 – Insurance24

7Feb

Deposit Insurance Payments reaches $3.2 mln as at December 2017: MPS

7 Feb 2018 Insurance24

Deposit Insurance Payments reaches $3.2 mln as at December 2017: MPS

By Insurance24

HARARE, Deposit Insurance Payments for failed contributory banks stood at $3.2 mln as at December 2017, which represents 50% of the total exposure of $6.4 mln.

According to the Monetary Policy Statement by the Reserve Bank Governor John Mangudya, a total 11,744 out of 54,909 depositors by n umber had been compensated

7Feb

Peace of mind for NSSA pensioners

7 Feb 2018 Insurance24

Peace of mind for NSSA pensioners

By Insurance24

HARARE, The National Social Security Authority (NSSA)’s monthly contributions are pegged equally at 3.5% for employee and employer with the maximum pensionable income set at $700.

This according to NSSA implies that the maximum amount an individual can pay to NSSA is currently $24.50 per month.

“We appreciated the role employees and employers play