Be a cool cat who makes smart money moves with life insurance
Are you a young person who thinks life insurance is just another boring corporate product? Think again! Life insurance can actually be an exciting and inspirational way to safeguard the value of your hard-earned money for your kids.
At Zimnat, we understand that young people often view life insurance as something they don't need yet, or worse, as a morbid topic to be avoided at all costs. But here's the truth: life insurance is not just about death benefits. In fact, our Life Care plan and Security Plan policies are designed to help policyholders enjoy the benefits of their policies whilst they are still alive!
Yes, you read that right.
With Zimnat's Life Care plan and Security Plan, you can benefit from an annual no-claims bonus, which means that you could actually receive money back from your policy even if you don't make any claims. And if the products register a profit in that financial year, policyholders also have an opportunity to participate in the profit sharing!
Now, you might be wondering why a young person like you needs life insurance. After all, you're young, healthy, and have your whole life ahead of you, right? But think about this: what if something unexpected were to happen? What if you were diagnosed with a serious illness or were involved in a life-changing accident? Would your loved ones be able to cope financially if you were unable to work or provide for them?
That's where life insurance comes in. By investing in a Life Care plan or Security Plan policy now, you can ensure that your loved ones are financially protected in the event of the unexpected. Plus, by taking out a policy now, you'll benefit from lower premiums as you'll be younger and healthier, meaning you'll pay less for your cover.
But it's not just about financial protection. By taking out a life insurance policy, you're also investing in your own future. You're creating a safety net that will allow you to pursue your dreams and passions without worrying about the financial implications. Whether you want to start your own business, travel the world, or simply enjoy life to the fullest, a life insurance policy can help you achieve your goals and aspirations.
So, what are you waiting for?
Don't view life insurance as just another boring corporate product. Instead, view it as an exciting and inspirational way to safeguard the value of your hard-earned money for your kids, whilst also investing in your own future.
Contact Zimnat today to find out more about our Life Care plan and Security Plan policies, and start living life to the fullest with the peace of mind that comes from knowing you're financially protected.
Zimnat honours sales agents for business success
Zimnat hosted its 2022 edition of the Annual Agents Awards ceremony at an upmarket venue in Harare on Friday 31st of March 2023. The event was to showcase the Zimnat Group’s commitment to recognize, celebrate, and honour the success achieved by agents in its endeavour to make life better. In attendance, were Zimnat sales agents from around Zimbabwe as well as the Group’s executives, management, and representatives from various distribution partners.
Top-performing agents in each of the Group's three business areas, Zimnat General Insurance, Zimnat Life Assurance, and Zimnat Financial Services were recognized for their immense contribution to revenue in the year 2022, which has continued to grow over the years.
The Group CEO, Tinashe Muyambo, in his speech, emphasized that the award-winners’ contributions are nothing less than a mark of passion, perseverance, and dedication. “We are proud to have such a loyal and committed team representing our organization and we value your hard work, extensive knowledge, and invaluable experience,” he remarked. He further hailed the agents for their efforts in assisting the growth of the business: “Your presence this evening is therefore, a true testament that with determination, endurance, discipline, and the right attitude, you can overcome any and all hurdles that may come your way. Zimnat is looking forward to continuing to Making Life Better by bringing innovative and convenient products to every Zimbabwean”.
Global Credit Rating Agency reaffirms Zimnat’s financial stability
The Global Credit Rating (GCR) has reaffirmed the credit rating for the Zimnat Group’s short-term and life insurance divisions.
The group’s short-term insurance division, Zimnat General Insurance, was accorded an AA+ rating for the 3rd year running. This indicated the insurer's financial stability, and its ability to meet its financial obligations had been deemed "very strong" by the GCR. In addition to Zimnat General Insurance's rating, Zimnat Life Assurance has also received an A- rating from the GCR. The life insurer's financial stability and ability to meet its financial obligations have been deemed "strong".
The re-affirmation of Zimnat's credit ratings is a testament to the company's strong financial performance and commitment to delivering top-notch insurance services to its customers. The AA+ rating for Zimnat General Insurance reflects its strong financial performance and ability to meet its financial obligations in a timely and efficient manner.
The A- rating for Zimnat Life Assurance demonstrates its solid financial performance and ability to meet its financial obligations, but with a slightly lower capacity than Zimnat General Insurance.
The Zimnat Group CEO, Mr. Tinashe Muyambo, had this to say about the re-affirmation of the company's credit ratings: "We are proud to have our financial stability and commitment to excellence recognized by the Global Credit Rating. This re-affirmation of our credit ratings is a testament to the hard work and dedication of our employees, who are committed to making life better for all our stakeholders.”
“This re-affirmation is a positive sign for the company and our customers. It demonstrates our financial stability and ability to meet its financial obligations in a timely and efficient manner,” added Mr Muyambo.
More operational flexibility comes with such a good rating positioning Zimnat as a strong insurer supported by the quest to provide the market with realistic insurance cover products that help clients achieve their set objectives and make their lives better.
Zimnat is a diversified financial group made up of four business units, namely Zimnat General Insurance, Zimnat Life Assurance, Zimnat Financial Services, and Zimnat Asset Management. The group is also associated with the Sanlam group, the largest non-banking financial services group on the continent.- The Herald
Borrowing responsibly
Hello, hello, hello Zimbabwe! Today, we're talking about responsible borrowing and how it can benefit you in the long run.
Now, I know what you're thinking: borrowing money doesn't sound like fun at all. But trust me, if you do it responsibly, it can be a smart move. Whether you're looking to start a business, go to school, or just need some extra cash to cover unexpected expenses, borrowing can be a valuable tool.
The key is to make sure you're not overextending yourself. Don't borrow more than you can afford to pay back, and don't take on debt without a plan for how you're going to repay it. This means budgeting carefully, being realistic about your income and expenses, and having a clear idea of how much you can afford to repay each month.
It's also important to shop around for the best loan terms. Don't just take the first loan offer you get – compare interest rates, fees, and repayment schedules from different lenders to find the one that works best for you. And here's where Zimnat Microfinance comes in. They offer a variety of loan options, including business loans, education loans, and personal loans, with competitive interest rates and flexible repayment schedules. Plus, their team of experts can help you navigate the borrowing process and ensure that you're making the best decision for your financial future.
But remember, borrowing isn't a magic solution to your financial problems. It's important to have a solid plan in place for how you're going to use the borrowed funds and how you're going to repay the loan. And if you're not sure whether borrowing is the right choice for you, it's always a good idea to talk to a financial advisor or credit counselor.
So there you have it, Zimbabwe. Responsible borrowing can be a smart move if you do it right. And with Zimnat Microfinance, you can have the confidence of knowing that you're working with a reputable lender that has your best interests in mind.
Protect Your Home Investment this rainy season
As we experience heavy rains and thunderstorms in our beautiful country, it is essential to take stock of our homes' safety and security. These rains, while much needed, can cause significant damage to our homes and properties, leaving us with costly repairs and replacements. This is where home insurance comes in as an important and valuable investment.
At Zimnat, we understand the importance of having a safe and secure home. We also understand that unforeseen events such as heavy rains and storms can cause severe damage to our homes and properties. That is why we have developed a comprehensive home insurance policy that will give you peace of mind and protect your most significant investment.
Our home insurance policy covers a wide range of risks that can affect your home, including fire, lightning, theft, and even natural disasters such as floods and landslides. We understand that the damage caused by such events can be significant and can often be difficult to handle financially. Our policy offers you the assurance that in case of such an event, your financial burden will be reduced.
Our Zimnat Home Insurance policy covers both the building and its contents, which means that you are protected from damage to both the structure of the house and the contents within it. This policy will also cover any liability that may arise in case of injury or damage to third parties on your property.
In addition to our comprehensive cover, we have made our policies accessible and easy to understand. We want to make sure that all Zimbabweans have the opportunity to protect their homes and properties. Our team of professionals is always available to guide you through the process and help you make the right choices for your insurance needs.
In conclusion, as the heavy rains continue to pour, it is essential to safeguard our homes and properties from potential damage. Zimnat Home Insurance is here to give you the peace of mind you deserve, knowing that your most significant investment is protected. Take the necessary steps to secure their homes and ensure they have adequate insurance cover
Funeral Insurance in Zimbabwe (Don't Settle for Less)
Don't settle for less on funeral Insurance
We all want to celebrate life differently. But when it comes to death, it's a reality we have to face. Here in Zimbabwe, ensuring a dignified farewell for loved ones can be a financial burden. That's where funeral insurance in Zimbabwe comes in.
Funeral costs in Zimbabwe can add significant stress to an already difficult time. Funeral insurance offers a safety net, guaranteeing your family has the financial resources to honor your wishes without worry.
Benefits:
- Peace of Mind: Knowing your funeral is covered brings comfort and allows your loved ones to focus on grieving.
- Financial Security: Avoid placing a financial burden on your family during a sensitive time.
- Flexibility: Choose a plan that fits your budget and desired coverage.
At Zimnat, we understand the unique needs of Zimbabwean families. We offer a variety of affordable funeral insurance plans to ensure a dignified farewell for your loved ones. We believe in informed decisions. Compare quotes and explore different funeral insurance options in Zimbabwe to find the perfect fit for you and your family.
Don't settle for anything less than peace of mind. Get a free quote for funeral insurance in Zimbabwe today! Contact us now to discuss your options.
#FuneralInsurance #Zimbabwe #PeaceOfMind
Is it important to have funeral insurance in Zimbabwe?
The answer is YES.
The economic challenges that we face have seen a shrinkage in most household disposable incomes. Many people have been forced to reprioritize their expenses, and one of the most common "budget cuts" is directed toward funeral insurance expenses. Whilst this makes sense in the short term as this frees up some cash for the household, it creates an opportunity for doubt and uncertainty due to the lack of a financial safety net in the unfortunate event of a death in the family.
As a funeral insurance service provider our advocacy for funeral insurance coverage may appear self-serving, however, the reality still exists that funeral insurance is a necessary expense that should be kept in the budget. The following article breaks down what you need to know about how a funeral insurance premium is a good financial investment that helps you "save."
What is a funeral insurance cover in the first place?
Funeral insurance cover is a form of insurance that pays a specified amount of money in the event of a death, ensuring that the costs of a funeral will be covered so that family members do not have to struggle financially at this difficult time.
- Funeral insurance works in much the same way as other types of insurance. You decide how much funeral cover you want to buy and then you pay a monthly premium.
- You choose who to cover.
- Some funeral insurance policies also give you other benefits like burial repatriation, grocery benefits, or cash back.
- If you or your loved ones die, the money is paid out.
- A decision to take out funeral insurance should form part of a proper financial plan.
Gadziriro/Lungiselelo Funeral Plan also gives you more coverage and more choices at an affordable premium. You can choose the features and level of coverage you and your family need and can afford, and there’s the option of a savings benefit.
More cover
- Cover of up to US$5 000
- Premium holidays (you are exempted from paying premiums)
- Cover for up to 6 family members
- No medical or blood tests required
- Funeral cover that pays out in 48 hours
More choice
- Choose between individual and family packages
- Choose who you want to cover
- Choose how much you want to pay
- Choose the plan that’s right for you
Get covered against the financial burden of a funeral today. Sign up for Gadziriro/Lungiselelo Funeral Cash Plan
Zimnat partners National Foods to launch Stockfeed Funeral Cover
Zimnat Life Assurance in partnership with National Foods Stockfeed and Gain Cash and Carry has introduced another exciting innovation that is destined to change the manufacturing, retail, and life assurance industry landscape.
The leading Life assurance company, which is a subsidiary of the Zimnat group has partnered with National Foods Stockfeed and leading wholesaler and retailer Gain Cash and Carry to distribute embedded micro-insurance products to chicken farmers which they have aptly named Stockfeed Funeral Cover.
Commenting on the launch of this innovation, Zimnat Life Assurance Managing Director said, “ We are excited to be part of an innovation that will impact the lives of many farmers and households in Zimbabwe. At Zimnat our innovation processes are purely driven by the desire to Make Lives Better and offer solutions to the challenges we have. Our desire is to offer financial security to farmers and in developing this exceptional product I hope we have done our part in improving the livelihoods of many.”
The Stockfeed Funeral Cover is a free optional micro-funeral embedded product that extends a monthly renewable funeral cover benefit to a poultry farmer that buys their National Foods Stockfeed from Gain Cash and Carry stores.
Each 50kg bag of broiler or layer feed purchased provides a customer with a US$100 cover and a client may benefit from up to USD$ 2000 cover. The cover is valid for one month and has no waiting period.
Upon the death of an insured poultry farmer, the nominated policy beneficiaries can claim the funeral cash pay-out from Zimnat Life Assurance through either one of the following channels: Toll-free number 321, visiting your nearest Zimnat brand, visiting your nearest Gain Cash and Carry outlet and WhatsApp
The Zimnat Group continues to release innovative products into the financial services sector with the aim of making lives better for its customers. Zimnat Life Assurance is a member of the Zimnat group comprised of Zimnat General Insurance, Zimnat Asset Management, and Zimnat Microfinance.
The group is associated with Sanlam, the largest non-banking financial institution on the continent.
Scamming red flags to look out for!
Netflix’s latest crime documentary, The Tinder Swindler, has the global public captivated and enraged on behalf of the victims. How did Cecille fall for his scam? How is he not behind bars yet?
While private jets, spur-of-the-moment international trips, and threats by ‘enemies’ don’t feature in the majority of scams, Simon Leviev’s antics remind us of some of the common red flags to look out for.
Scams on the African continent are on the rise – a recent study by a South African credit rating agency, TransUnion, shows that 37% of South African consumers were recently targeted by COVID-19-related digital fraud. To help educate us all on what to look out for, Ayanda Ndimande, Head of Sanlam Business Development for Retail Credit shares some of the most common red flags.
Match Made in Heaven? Think Again.
Out of the blue, Cecille matches with Simon on Tinder and, after a quick coffee date, he’s whisking her away on a private jet. Have you ever been walking through the mall and had someone come up to you and offer you money? No? Of course not. The digital world is like the analog one in that it is very rare that someone would just come up to you and make you a generous offer like this. Skepticism costs nothing and could save you a great deal.
‘Send Me Your Passport Details’
Scammers love knowing everything about you, so asking for your passport details on the first date should’ve been a massive red flag. From your ID or passport number and physical address to your bank statements, they will try to glean as much personal information as they can from you. Be very wary about giving your details to anybody.
Too Good to Be True?
Simon’s victims were looking for love, and a lavish lifestyle, so a single billionaire was an enticing hook. In the same way, it is very tempting to think that you may be the luckiest person in the world, but if an offer of a US$1,000 investment opportunity at 50% interest finds itself in your inbox, then it’s almost certainly too good to be true.
‘Send Money Now’
The more time you think things over, the less likely you are to be conned. Internet villains like Simon know this and so their schemes often come with a time crunch. Don’t let yourself be pressurised into acting quickly.
While these tell-tale signs weren’t part of Simon Leviev’s con, make sure you are also on the lookout for the below.
Spelling Mistakes
When was the last time your bank sent you correspondence with spelling mistakes? Reputable companies hire people to make sure that doesn’t happen. Scammers, on the other hand, just hope that you don’t notice. It is also a good idea to check the email address. If it is from a Gmail account, Yahoo, or any other free email service, then don’t click it.
Phishing/Vishing
Phishing is especially vicious, as it’s a scam correspondence framed like it’s from someone you know. For example, you might get an email from your boss, asking you to urgently send funds because there’s a problem with the company account. It looks legit, seems to come from an address almost exactly like your boss’s email address, and is signed with your employer’s name. If you get an email asking for funds, immediately pick up the phone and call the right people to clarify that it comes from the company. It’s especially easy to fall for phishing and vishing (voice fishing for funds via platforms like WhatsApp).
Get the CONFIDENCE to transact online by learning more about some of the common scamming techniques in play today by visiting Sanlam Online Safety
Sanlam Private Wealth and Zimnat Asset Management Launch Zimnat Wealth International
Zimnat Asset Management has partnered with Sanlam Private Wealth to provide offshore investment capability This opportunity is not limited to individual investors only but also to Pension Funds and Corporates.
Zimnat Asset Management’s unique collaboration with Sanlam Private Wealth seeks to introduce global investment products and solutions to Zimbabwean investors with a view to earning attractive, sustainable, and safe returns on their investments over the long term.
This association enables investors to have access to a platform of leading globally accredited investment funds that cover a diverse range of asset classes. These include 5 Star Morningstar rated Mutual Funds, Exchange Traded Funds, Hedge Funds, Fixed Income Securities, and Capital Guaranteed Structured Products. Sanlam Private Wealth prides itself on its expertise in creating an individually customized investment portfolio that takes into account the purpose and risk appetite of each client
Commenting on the side-lines of the launch event, Sanlam Private Wealth Managing Director Mr. Mark Muller said, “We are excited to be expanding our relationship with the Zimnat Group, this partnership will open global opportunities for clients who have been yearning to explore investing on the global market.”
Sanlam Private Wealth is a member of the Sanlam Group, a leading global financial services business that has been advising investors globally since 1918. The Group provides comprehensive and tailored financial solutions to individual and institutional clients. The group’s ultimate holding company is listed on the Johannesburg Stock Exchange as well as the Namibian Stock Exchange, with a USD10 billion market cap and USD104 billion asset under management.
The minimum investment amount is USD50k.
Speaking at the launch event held at The Venue Avondale, Zimnat Investments Cluster CEO, Mrs. Elizabeth Rabvukwa, said, “This is a great opportunity for Zimbabwean investors who have free funds and are willing to explore investing in global markets. The relationship between Zimnat Asset Management and Sanlam Private Wealth will provide a secure and safe gateway to invest in offshore markets as Sanlam has been in existence for more than 100 years and Zimnat has also been in existence for more than 75 years”
The Zimnat Group has four main business units, namely general insurance, life assurance, asset management, and microfinance. The group is driven by its mission to make life better. It is associated with the Sanlam Group, the largest non-banking financial institution on the continent.