Gadziriro/ Lungiselelo is a funeral cash plan that pays a lump sum in either United States Dollars (USD) or Zimbabwean Local currency ZWL$ (depending on the currency type of the existing policy) on the death of a covered member, spouse and biological children. The plan gives an option to also cover parents, in laws, extended family members and your domestic helpers at an additional charge.

The Stockfeed Funeral Cover is a micro-funeral product available to poultry farmers who purchase National Foods Stockfeed from Gain Cash and Carry stores. This optional product provides a monthly renewable funeral cover benefit of up to US$2,000 for each bag purchased. There is no waiting period to claim the benefits, and the cover is valid for one month. Policy beneficiaries can notify Zimnat Life Assurance through various channels in the event of an insured farmer’s death and must provide proof of death, such as a burial order or death certificate, to claim the benefit. However, there are policy exclusions, such as death resulting from war or suicide within the first 24 months of the policy’s commencement or reinstatement.

In life, we all need a plan that ensures that the lives of our loved ones are secured in the event of our passing on, more so, a plan that is affordable and fits perfectly in our day to day expenses. We understand this and we are passionate about helping you achieve your dreams through the Zimnat Security Plan. Security Plan is the only life cover that allows you to maintain the value of your policy, gives you peace of mind, and the assurance that your family’s future is secured with a payout of up to ZWL$ 7.5 million to a nominated beneficiary in the event of the insured member. A first of its kind in Zimbabwe!

Benefits of the plan

• Annually renewable cover
• Cashback payable at the end of each year of no claim
• Get a profit share every year, if the business declares a profit on the product

What are the key features?

• Entry age is 18 – 70 years
• Premiums payable monthly, quarterly, half-yearly, and annually
• Opportunity to participate in profit sharing should the product realise a profit

Our pension fund is a financial vehicle in which both the employee and employer contribute towards the ultimate benefit of the employee and their family. We offer two options: a fixed cost Defined Contribution Pension Fund or a variable cost Defined Benefit scheme. Our program provides benefits to all employees based on the nature of their exit, including retirement, death-in-service, and permanent disablement. Our program offers attractive employment conditions to attract new staff, reward long-serving employees, and establish a positive business image in the labour market.

We offer an Insured Pension Fund or a Self-Administered Fund, depending on your needs and preferences. Our program is overseen by a board of trustees, and we ensure that your assets are invested wisely to meet your future financial needs.

We understand the importance of supporting our employees and their families in times of unexpected events. Our Group Mortgage Protection scheme is a contract entered into between an Insurer and a Loan Provider, typically an Employer or financial institution, for the benefit of the policyholder. In the unfortunate event of the borrower’s death, the Insurer promises to pay a lump sum benefit equivalent to the outstanding mortgage loan, providing security for their loved ones.

Group Mortgage Protection scheme is a contract entered into between an Insurer and a Loan Provider, usually an Employer or financial institution, for the benefit of the policyholder, in which the Insurer promises to pay a lump sum benefit equivalent to the outstanding mortgage loan, on the death of the borrower.

This product is targeted at Corporates that offer mortgage loans to their staff members.

Who protects a loan provider from financial loss in the event of a disability, death or unemployment of the loan policy holder?

This is the purpose of Zimnat Credit Life Assurance Scheme.

How it works:

It is a contract entered into between Zimnat Life Assurance and a loan provider, usually a financial institution, for the benefit of the policyholder, in which Zimnat Life Assurance pays out a lump sum benefit equivalent to the outstanding capital on a loan, on the death or permanent disability of the policyholder.

Product Benefits:

• Cover commences immediately on receipt of premiums.
• Death caused by pre-existing conditions is not excluded.

Eliminates the need for immediate family members to service a loan left behind by a deceased

We understand that the unexpected loss of a loved one can have a significant financial impact on their family. Our benefit program includes an Income Replacement benefit, which is designed to provide financial support to the member’s family in such circumstances. The benefit is equal to 50% of the member’s Group Life Cover and is paid as a one-off lump sum. This benefit ensures that the member’s loved ones are financially secure and can continue to meet their financial obligations in the absence of their loved one’s income.

This benefit is typically meant to replace income lost as a result of the death of a suppose. The benefit is equal to 50% of the member’s Group Life Cover and is paid as a once off lump sum.

This product offers an Ill-Health/Total Permanent Disability Early Retirement benefit for employees who are medically incapable of performing their job duties or any other gainful occupation for which they are reasonably suited. The benefit provides an immediate payment equal to the ill-health benefit as defined in the policy document. To apply, either the member or employer can submit an application and medical evidence acceptable to the Trustees.

The application process involves obtaining medical evidence from the member’s doctor and the company’s medical adviser, who must both agree that the member is medically incapable of performing their duties. The employer must investigate other options before agreeing to medically retire the member. The premiums are paid by the employers/financial institution/loan provider to the insurer, who may request medicals if cover exceeds a set threshold.

Our pension fund is a financial vehicle in which both the employee and employer contribute towards the ultimate benefit of the employee and their family. We offer two options: a fixed cost Defined Contribution Pension Fund or a variable cost Defined Benefit scheme. Our program provides benefits to all employees based on the nature of their exit, including retirement, death-in-service, and permanent disablement. Our program offers attractive employment conditions to attract new staff, reward long-serving employees, and establish a positive business image in the labour market.

We offer an Insured Pension Fund or a Self-Administered Fund, depending on your needs and preferences. Our program is overseen by a board of trustees, and we ensure that your assets are invested wisely to meet your future financial needs.