Considerations when choosing a life policy nominated beneficiary

Considerations when choosing a life policy nominated beneficiary

By Farai Francis Zhara

Choosing a life policy nominated beneficiary is a field many people are tempted to overlook when filling the proposal form but this is an important decision.  You buy insurance because you have a reason for the payout, maybe to provide funds for your family to pay bills or to pay for children’s school fees and

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Dear: Valued ZAPF Member, CALL FOR ARTICLES AND ADVERTS

Dear: Valued ZAPF Member,

The Zimbabwe Association of Pension Funds (ZAPF) in partnership with Insurance24 will on the 16th of July 2021 publish the 6th ZAPF Quarterly Pension Magazine.

The magazine will offer latest news on pensions, investments, law and regulation, informed comment and analysis and special features.

It will be distributed by ZAPF via its mailing list to ZAPF members and non-members

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Life assurance underwriting profit declines in Q1, 2021

Life assurance underwriting profit declines in Q1, 2021

Staff Writer

INCREASE in claims and transfer to technical reserves caused underwriting profit for the life assurance sector to decrease to ZW$741, 27 million from ZW$104, 76 million the quarter ended 31 March 2020 to negative ZW$741,27 million.

During the period Gross Premium Written (GPW) by direct life assurance companies stood at ZW$3.42 billion,

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ICSAZ president urges members to contribute to NDS1

ICSAZ president urges members to contribute to NDS1

Staff Reporter

HARARE, FORMER chief executive of the Grain Marketing Board Pension Fund, Taona Munzvandi, who is managing director of Daxilon Security, has been re-elected president of the Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ).

Munzvandi in his acceptance speech said the country’s economic situation was showing

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Things to consider when buying term insurance policy.

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

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ICZ Encourages Use of Fire Prevention Systems

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

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

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

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Why you should not cancel your funeral policy

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

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

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

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