Things to consider when buying term insurance policy.

By Farai Francis Zhara

Term Life insurance policy is an armor to protect the future of chosen beneficiaries. By having this policy you will be taking the monetary worries off the shoulder of your loved ones. We explained what term insurance is in the last article (if you missed it click here), and here we want to look at some of the things

ICZ Encourages Use of Fire Prevention Systems

HARARE, There is a concerning rise in the number of buildings being destroyed by fire in the country. Following a number of occurrences of fire outbreaks at Mpilo Hospital, with the recent one having destroyed a doctors’ residence that now requires USD280million for reconstruction, there is need to ensure that buildings are equipped with working fire

How To Evaluate an Investment Policy Statement – A Pension Fund Stakeholder’s Guide!

We have received an overwhelming level of engagement on our April Issue where we focused on the importance of the Investment Policy Statement (IPS). Subsequently, we have been requested to unpack our process on evaluating IPSs.

Important to start by emphasizing, once again, that the real value of an IPS is in

Why you should not cancel your funeral policy

By Farai Francis Zhara

Covid 19 has affected the disposable income of many people worldwide. To Zimbabweans this was like adding salt to a wound because people were even struggling to keep up before this era. People are busy finding ways to increase disposable income by removing possible costs and many people will always first want to do away with funeral

Micro-Pensions – Ultimate Solution to the Poverty-in-Old-Age Plague for those in our Informal Sector?

The IMF puts our informal sector contribution to GDP, based on 2010-2014 surveys, at a staggering 50%. Fast forward that to post-COVID-19-induced lockdowns and ensuant company closures, a strong case can be made that the informal sector contribution to total GDP can only have grown higher. This

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