Term life insurance policy demystified
By Farai Francis Zhara
He came in the office and was visibly in a very jubilant mood. He tossed his policy document on the table and explained that in few months’ time his policy will mature and so wanted to make the claim well in time because he wanted that money early enough to buy air ticket for his son who was going to study abroad, another figure was intended
Ipec urges review of 50% participation on REITS by pension funds
Staff writer
HARARE, Insurance of Pensions Commission (Ipec) Commissioner Grace Muradzikwa says Ipec has engaged Government to review the limit of 50% participation in Real Estate Investment Trusts (REITS) by pension funds.
REITS are seen creating the much-needed liquidity for the industry to meet its obligations while also promoting
Zim to host Eastern and Southern Africa Insurance regulators
Staff Writer
GOVERNMENT has given the green light to the Organization of Eastern and Southern Africa Insurers (OESI) to host a meeting of Insurance regulators in Zimbabwe following as request by Ipec.
Information minister, Monica Mutsvangwa, said cabinet approved the request on basis that the meeting be hosted on a large venue in Victoria
Pensioners get representation at NSSA board
HARARE, GOVERNMENT has directed that a seat be reserved for pensioners in the National Social Security Authority (NSSA) board.
The pensioners’ representative will serve as an ex-officio member, though without voting rights. Public Service, Labour and Social Welfare Minister, Professor Paul Mavima, revealed this in Bulawayo last Friday during a NSSA stakeholders
HARARE, Welcome to the 2021 first issue of the ZAPF Magazine. In this issue we look at various pension issues concerning the industry being guided by the theme; The Future of Saving: The Role of Pension Systems. Pension Funds are crucial in any economy as they play a big role in the development of the economy. Click the link below for the magazine ZAPF Pension Magazine Q1 2021
Happy reading
Investment Policy Statement – It’s not Just a Statement, It’s a Policy Matter!
While almost every pension fund has one, not every fund is consistently and loyally abiding by the provisions of their Investment Policy Statement (IPS). It’s certainly no news to most trustees that failure to diligently follow an investment policy statement is considered a breach of fiduciary responsibility, and
9 customer experience mistakes you must now avoid at all cost.
HARARE, Today’s business world is characterized by very tough competition and survival can no longer be guaranteed to the fittest but to those that are fast to embrace customer experience concept no matter the size of the firm. Product and price advantages can now be easily copied unlike a strong customer service culture. It is now
Pensions sector asset base increase to $6,42 billion
Staff Reporter
HARARE, The Pensions sector’s asset base increased by 479,44% in nominal terms to ZW$372 billion from ZW$6.42 billion reported at 31 December 2019 driven by revaluation of investment property and quoted equities which amounted to ZW$12.53 billion and ZW$17.28 billion, respectively.
The Insurance and Pension Commission fourth quarter
HARARE, With one of the world’s highest unemployment levels, an ultra-expensive financial services sector, an SMEs-driven economy, very small average fund size, and a significant informal sector, the Zimbabwean pension fund industry is most perfectly placed for a speedy-but-structured transitioning into a robust and dynamic umbrella-fund-dominated sector. All it requires is a genuinely member-centric
Zimbabwe celebrating global money week.
HARARE, As we celebrate global money week, here we try to demystify insurance in general for the benefit of young people.
What is global money week?
This is a global money alertness campaign on the importance of financial coaching, financial attachment and entrepreneurship skills for young people.
At insurance 24 we have seen that there is no financial education