In similar move to Airtel, Telecel Zimbabwe is partnering with local insurance company Zimnat Life to roll out a mobile insurance product that offers Telecel subscribers funeral, hospital and local and international travel cover through their Telecel lines. The new service, called Telecare, offers an affordable and convenient package to cover most basic needs. Customers will be able to make premium payments on a monthly basis from their mobile phones.
The partnership between Telecel and Zimnat Lion will also ensure that the cost of insurance is dramatically reduced for the ordinary person on the street. Under the partnership, Telecel will provide the mobile platform for its subscribers to access the service while Zimnat will underwrite and administer the full service. All claims will be settled through Zimnat but subscribers are able to submit their claims at any Telecel office for onward transmission to Zimnat.
Back in August 2014, Airtel Nigeria collaborated with MicroEnsure and Cornerstone Insurance in order to launch its latest, free insurance product. The product offers Airtel customers life and hospitalisation insurance with increasing benefits based on monthly airtime recharge.
The product, which is named Airtel Insurance is packaged to deliver insurance services and encourage insurance culture among Nigerians. According to Airtel, the product has been endorsed by the National Insurance Commission (NAICOM).
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