Nyaradzo Life Assurance unveils Sahwira International Plan (SIP), set up Service Centre in the United Kingdom
By Insurance24
HARARE, Diversified insurance group, Nyaradzo Life Assurance Company has unveiled a pioneer product, the Sahwira International Plan (SIP) targeted at Zimbabweans living in the diaspora.
Currently, more than 3 million Zimbabweans are in the diaspora with bulk of them in South Africa and the United Kingdom.
Speaking at the launch, Group chief executive officer Philip Mataranyika said the new product is part of the group’s vision of becoming a preferred provider of total insurance risk and events management solutions through sustainable, dynamic and innovative products delivered to world class standards globally.
“Today, it is estimated that there is an excess of three million Zimbabweans residing in the Diaspora and they are often not catered for by most Zimbabwean products.
“The Sahwira International Plan is a product dedicated to ‘redefining convenience’. The product benefits both Zimbabweans based in the Diaspora as well as their loved ones back home, meaning that you can cover your spouse, children and any other dependants both in the Diaspora and in Zimbabwe,” he said.
Mataranyika said SIP allows policy holders to get two return air tickets from wherever they are in the world to Zimbabwe.
He said the thinking behind the product is that death comes when least expected and in our culture it is the norm to be present for a family burial whether immediate or extended.
“However, being present can be very difficult without planning and as Nyaradzo we want to bridge that gap and give people living abroad the opportunity to be present for the burial of their loved ones,” he said.
According to Mataranyika, the SIP also include benefits that such as accommodation in comfortable apartments as well as the provision of a double cab vehicle which will be used for the duration of seven days.
Mataranyika said the group’s regionalisation drive is beginning to bear fruit after extending footprint into South Africa through the opening of a Service Centre in Randburg. This allows Zimbabweans resident in South Africa to access Nyaradzo’s products directly.
“I am also happy to announce that we are at an advanced stage of setting up another Service Centre in the United Kingdom. As an organisation we understand that it is necessary to be solution oriented,” he said.
Nyaradzo, the 2017 Super brand Company of the Year has existed since 2001. Mataranyika said the company now has over 40 branches countrywide, a fleet of 500 hearses and buses and currently command about 70% of the funeral assurance market share.
About SIP
The SIP policy covers the principal member, spouse and children under the age of 23 resident in foreign countries who wish to be repatriated to Zimbabwe. It provides cover to other dependants and children above the age of 23 at an additional premium. One has an option to cover their relative/s of their choice who reside in Zimbabwe.
Key benefits of the SIP include two return air tickets from anywhere in the world to Zimbabwe; accommodation in Zimbabwe for up to 7 days; use of a double-cab vehicle for up to 7 days.
Benefits in Resident Country
The SIP provides a coffin with a hermetic seal suitable for international transportation. It also provides removal from place of death to mortuary; international embalming and body preparation; repatriation to Zimbabwe and grocery allowance.
Benefits in Zimbabwe
Provision of chapel services where chapel is available; hearse to place of burial within Zimbabwe; provision of a casket commensurate with the chosen plan; bus transport (depending on the plan type) for mourners from place of mourning to place of burial in Zimbabwe using the shortest possible route, subject to accessibility of the roads; graveside equipment; provision of a 200 seater tent; chairs and two portable toilets at one chosen location for two nights.
Optional Benefits
Accommodation in Zimbabwe
A fully furnished self-catering two bedroomed apartment for seven days with paid TV channels, water tanks for guaranteed water supply and back-up power.
Vehicle in Zimbabwe
Provision of a double cab vehicle for seven days.
