Zimnat Provides Micro Finance
Zimnat prides itself on being a provider of simple yet very necessary solutions to its clients. For instance, we believe that one of our client’s biggest values is education so we set out to ensure this need is met.
It is no secret that a good education has the power to make life better. Today’s society is investing more than ever in educating its families, eager for them to compete in the global workforce.
Zimnat recently refreshed its brand to reflect its new ethos that is based on a united financial group, backed and endorsed by Sanlam, and a new brand promise of “making life better”. The new brand talks of an organisation with access to world-class technical expertise, stability and security. As such, Zimnat has become an all-encompassing financial group with expertise across the board, ranging from short-term insurance and life insurance to asset management and micro finance.
The Microfinance Division provides funding to civil servants and employees of corporate companies in the form of consumer loans that may be used to pay school fees, cover medical or emergency bills or pay for home improvements.
With Zimnat, you are guaranteed an efficient turnaround time without any hassles, enabling you to obtain a loan just in time for the beginning of the term to avoid your child being turned away and losing precious learning time. With your authorisation, we can pay directly to the school account and avail the proof of payment. Zimnat wants to ensure children start and finish their education in a fulfilling way. It wants to provide financial solutions for economically active entrepreneurs and employees, thus helping to drive development that improves the livelihoods of the country’s people.
Zimnat has a wide range of financial products to choose from. Our consumer loans stretch up to $5 000 at very lucrative interest rates. We recently launched a micro housing product for all those who are building. Our housing loans stretch up to a tenure of three years, with a loan amount of up to $30 000. So not only can we facilitate your children’s education, but we can also help you build easily.
We also offer working capital loans for all those entrepreneurs with vibrant businesses. Do not struggle with your business. Instead diversify and grow your business as we also have additional capital packages for manufacturing or retail businesses. Zimnat is your one stop shop for all your financial solutions.
By Praise Rundofa
For more details send an email to customercare@zimnat.co.zw or call us on +263 24 77582/3/5/6
Zimnat Exhibits At Harare Agricultural Show For First Time
Zimnat is marking its inaugural participation in the Harare Agricultural Show by providing visitors to the show with the opportunity to sign up for an insurance policy and to win branded Zimnat prizes in a variety of ways.
Its stand is similar to any of its offices both in ambience and in the service offered to customers. Visitors to the stand can make general enquiries, sign up for an insurance policy or alter an existing policy, in the same way as they could at any Zimnat branch.
Those who sign up for any of Zimnat’s policies will walk away with a branded gift. Those who refer friends and relatives to Zimnat to sign up for a policy will stand a chance of winning a prize.
There is also a pop a balloon opportunity to win an instant prize. There are balloons at the stand within which there is a paper with the name of a prize written on it. All a person has to do to win one of these instant prizes is to visit the Zimnat stand, refer a client and pop a balloon.
There will also be a quiz at the stand every day during the show at 4pm, with a prize for every correct answer.
Visitors to the stand will have an opportunity to meet Zimat financial advisors to discuss various investment options and seek advice on how to plan for their future financially.
In addition to insurance and life assurance, Zimnat offers financial services and asset management.
The Zimnat Group is comprised of Zimnat Life Assurance, Zimnat General Insurance, Zimnat Financial Services, Zimnat Asset Management and the recently launched Funeral Services Group, which is underwritten by Zimnat Life Assurance.
The group is associated with Sanlam, one of the largest financial services groups in South Africa and the biggest non-banking financial services group in Africa.
Commenting on why Zimnat had decided for the first time to exhibit at the show, Zimnat Group marketing executive Angela Mpala said its participation had been inspired by a desire to provide those attending the show with information about and access to its policies and services.
“Zimnat is committed to providing its customers and potential customers with convenience and service excellence wherever they are. We would like, therefore, to offer our customers the convenience of being able to do their business with us while they are at the show.
“We believe the products and services we offer can make people’s lives better. We are eager, therefore, to give visitors to the show the opportunity to enquire what we have to offer them and how the policies and services we offer can improve their lives,” she said.
Zimnat Rewards Students Who Participated In Hackathon
Zimnat, one of the country’s leading insurance groups, yesterday rewarded students from the Harare Institute of Technology who took part in a hackathon that the company organised.
A hackathon is a competitive event where people work collaboratively in groups on software or even hardware projects with the aim of creating a functioning product by the end of the event.
Twelve students from the institute’s Electronic Commerce and Financial Engineering departments took part in the event, competing in four teams.
Zimnat Group chief executive Mustafa Sachak presented the winning team, which was comprised of John Sakala, Amen Mushanyuki and Philip Mashingaidze, with shields and prize money of $400 per person.
The team that came second, made up of of Itai Zulu, Susan Chikerema and Augustine Mukumba, was presented with prize money of $200 per person.
Members of the third placed team were each given $100, while those in the fourth placed team each received $50.
Speaking at the award ceremony, Mr Sachak said Zimnat was excited and inspired by the calibre of presentations from the Harare Institute of Technology students. He said he was confident there would be further opportunities for collaboration between Zimnat and the institute.
The hackathon was convened by the Zimnat Group, which is comprised of Zimnat Life Assurance, Zimnat General Insurance, Zimnat Microfinance and Zimnat Asset Management, in partnership with the Harare Institute of Technology School of Business and Management Sciences.
School of Business and Management Sciences Dean Willard Gwarimbo expressed his commitment to a continued partnership with Zimnat, which, he said, ultimately aimed to strengthen the economy and nation at large.
When The Unexpected Happens…
The topic on financial protection against uncertainties through life insurance in the event of death often makes people uncomfortable. However, it is not an unpleasant conversation after all, it is actually a worthwhile topic that you will live to smile about. With life insurance from Zimnat, you can stop worrying and start enjoying cover. Simply put, life insurance is the exchange of a relatively small payment of money each month for a larger amount of benefit pay out in the event of death.
You will either live to work and grow old or die young or mature, working and with a family to support. Imagine in a family where everyone’s livelihood depends on your income, the moment that the income ceases everything will crumble. Income ceases because either you have grown too old to continue working or you die. In the event of death, life cannot be replaced but having life insurance will help your family pay for education and providing any other financial security. There is still life after you and you can help maintain it.
Cover From Debt After Death
Dealing with debt during grieving would really be the worst experience for your family. Death cannot be controlled, instead of worrying about what your family will do with your debt, you can get life insurance to cover debt which can affect your family. If you die with unpaid debt, your survivors are at the risk of being on the hook for all of your debt or part of it. This can happen if you are a co-signatory on a loan such as a mortgage.
Others may argue that in the event that a person does not die and they finish paying off the debt, it may seem like all those payments were for nothing. However, that is not the case. You were actually paying for protection in the event that you die, something which is unpredictable and you cannot for tell. It is essential to know that you will be paying for peace of mind that comes with knowing that you can take care of your family from beyond the grave in the same way that you would have been if you were alive and that surely is priceless.
It is pleasing to note that no matter your income, life insurance with Zimnat is affordable to fit any budget. And remember the catch is that in life insurance you will only pay a small amount for a bigger benefit. Often the young and single people think that life insurance is not for them when in actual fact it is for them too. The difference probably lies in the amount of responsibilities that you have and the cover needed may not be as much but still you need it and you need to be prepared for when those circumstances change. Buying life insurance at a younger and healthier age lowers the price and on a lighter note if you have a bigger heart you can always channel your benefits to other people around you like your parents, siblings and extended family. It does not need to be about your spouse and children only.
Does My Spouse Need Life Insurance Too?
Another misconception is that if a spouse has life insurance, the other spouse does not need it. In actual fact, it is best for both spouses to have it especially where they have children. The loss of one spouse’s income is a financial setback to the family. Life insurance pay-out will cushion the setback.
Formally employed people who have life insurance coverage through their employers need to remember that it is not enough as it is affected by loss of employment and job hopping. It is therefore advisable to get additional cover in the form of an individual policy.
With Zimnat, you get the right package that will satisfy your needs and is definitely affordable. Even if you are not physically there for your family or business, life still goes on and dreams can still live. Nothing can beat the peace of mind that comes with knowing that. Parting advice; stop worrying about financial obligations for when you are not there, simply get life insurance.
Written by Rufaro Vambe (Customer Care Supervisor for Zimnat Life Assurance)
Domestic Insurance Tailor-Made For You
Have you worked hard to build your home and buy the furniture? Unforeseen disasters like fires and floods can take away your lifetime savings and efforts in just minutes. Such occurrences make you realise how invaluable home insurance is.
Although it tends to be a begrudging purchase, it really is wise to set aside a few dollars to buy insurance, considering that cover for a house worth $100,000 costs as little as $100 per year. *
For many, their home is probably their largest and most important investment. It therefore requires sufficient thought in making sure it is protected in case of disaster. Zimnat General Insurance provides comprehensive protection against unfortunate events that may befall the house and its occupants with its domestic insurance product. This product comes in the following five sections:
- Homeowners which is protection for your physical buildings,
- Householders that protects the contents of your home,
- Multiple risks that covers items that you regularly take outside the house,
- Personal accident and
- Personal liability.
Homeowners insurance covers your building and all other fixtures around the home, including geysers, boundary walls, garages, gates and gate motors, swimming pool motors amongst others. Contrary to popular assumption that home insurance only covers fire risk, or that it’s the only disaster that endangers the house, there’s quite a number of perils that are covered such as lightning, flooding, explosions, non-political riots and broken burglar bars in theft attempts. In case any of these happen Zimnat would either ensure your home is fixed, rebuilt or offer a cash/money settlement.
It is also interesting to know that under homeowners insurance, you can be covered for loss of rent whilst your property is being fixed. So in essence Zimnat makes sure that both your property and rental income are safe. House holders insurance covers the contents in your house, even when you do not own the property you are staying in. In the case of rented accommodation, there is still cover for the valuables in the house. These may include, TVs, fridges, stoves, garden furniture, and works of art, money and clothes on the washing line among others. Householders insurance also extends to cover items belonging to your domestic workers, and guests in your home.
To further highlight the benefits of home insurance consider the following:
- Should your home be unsuitable for living in due to a covered event, you can arrange alternative accommodation whilst the house is being fixed, and the cost of such accommodation will be borne by the insurer.
- During the time your house is being fixed, the insurer will pay the costs of a watchman for your home.
- If you accidentally lose your keys, the insurer will pay to have your keys and locks replaced
- If the contents of your fridge go bad because of accidental damage to the fridge, you’re covered for the value of these contents.
Another interesting cover in this section is tenants’ liability. This covers you for accidental damage you may cause to the landlord’s fixtures. Meaning as a tenant if you provide proof that you have home contents insurance you can be exempted from paying the security deposit landlords usually require.
The third section “Multiple risks” covers items you wear and that you usually carry outside the house. These include clothes, jewellery, laptops, phones, sporting equipment and spectacles. These items are covered within the house and anywhere else in the world you take them.
For those who like golf, Zimnat also offers a hole-in-one cover. This means that should any member of the household score a hole-in-one, whilst playing in an amateur game, the insurer will pay for the present. So the next time you hit a hole-in-one, there’s going to be more than enough to go around.
The personal accident section of the policy covers members of the household for accidental injury to their body. The accidents may be traffic accidents, burns, drowning, falling from ladders or trees etc. In the case of an accident, the policy will pay for medical expenses incurred. It will also provide compensation for any permanent disabilities sustained and for the time one is not able to attend to normal work. In the unfortunate event of death by accident, the policy will also provide a lump sum compensation.
Cover under the home insurance policy also extends to personal liability to visitors at your home. This may be in relation to medical bills due to injuries caused at your home from dog bites, or people slipping and falling within your home.
In addition to all the benefits above Zimnat also offers a complementary valuation of your property. Do not be caught off guard by the next disaster, let Zimnat make your life better!
Written by Raymond Jowa
For more details send an email to customercare@zimnat.co.zw or call us on +263 4 775 82/3/5/6
Website: www.zimnat.co.zw
Build Your Dream House With Our Micro-Housing Solution
Are you struggling to build your house? Do you have a stand and don’t have money to start building? Do you want to buy a stand but your savings are not adding up? Worry not Zimnat is here to turn that dream house into a reality. As Zimnat our mission is “Making Life better” and we aim to create solutions to help you realise your dreams.
With this in mind our Microfinance division offers a Micro-housing solution which provides financing for the development of your home. Our micro housing loans are easily accessible with only 7 days of processing. The financing applies to residential stand purchasing and partial or complete homes. We provide a buffet of funding options, such as plumbing, solar installations, glazing, painting, tiling, paving, BICs, walling, dura walls, renovations, drive ways etc. We pay the supplier directly thus eliminating the temptation of fund diversion and to ensure you realise your dream.
When you start building it is frustrating to stop and scout for funds to get to the next stage. Our product eliminates all that as it has reasonable requirements and the money is paid within a week. With the current high demand of property it has become expensive to process title deeds when one gets a piece of land. Most houses are still endorsed on cession forms and agreements of sale, to Zimnat this is enough collateral security because our number one goal is to make your life better.
As a highly empathetic organasation we highly prioritize listening and providing tailor made solutions. As such we have dedicated resources whose jobs are to understand your home developmental plan, through site visits and working together with you throughout the project in the most effective and efficient way. The micro housing plan has a lower cap of $200, and an upper cap of $30,000 depending on your capacity to repay the loan with a tenure of up to 36months. This to ensure that loans should not stretch for too long bearing in mind that our clients also need to have savings and investments.
All our loans are insured against death and permanent disability. Ensuring that your work benefit accumulations are not diverted to pay off your balances when you are gone. Zimnat is your one stop shop that embraces you through your life journey by making your life better.
Our Micro-housing loans do not require establishment fees or upfront fees. The amount you apply for is what we credit in the account. Disbursements can be through Instant online banking, RTGS or mobile transfers. Our Micro housing products are open to all civil servants nationwide, entrepreneurs and corporate company employees. With our welcoming sales team you are guaranteed to feel at home at Zimnat. You may also access other services such as Insurance, life polices and Investments.
For more details on this product send an email to customercare@zimnat.co.zw or WhatsApp on (+263) 734 875 878.