In this quarter, we focus on a new business unit within the Zimnat Family, launched early this year, FSGZ. So….

 

Who is FSG Zimbabwe (FSGZ)

(FSGZ) is a funeral services company that offers a unique age-based product to the Zimbabwean. The business unit is 46% owned by Zimnat Life Assurance, with the remaining 54% being owned by FSG Limited Botswana and First Sun Alliance (FSA)

 

What is FSG Zimbabwe (FSGZ) bringing to the market?

A product that is all-inclusive and covers all aspects of one’s life-long journey. The FSGZ Funeral Plan is a funeral protection plan with a limited premium payment term of 20 years.

Celebrating a life well lived and a befitting farewell, is FSGZ’s focus. The focus of most products on the market is final services, which is burial. However, FSGZ’s unique product offering focuses on ensuring a long healthy life. This is achieved through offering additional value adding benefits to the core funeral benefits such as Hospital Cash Back and Total and Permanent Disability.

 

Core Benefits

  • Funeral Services
  • High End Hearses including Gun Carriage
  • Top-of-the-range Caskets
  • Family Escort Vehicle – accompanies Hearse to place of burial (Toyota Quantum or VW Minibus) – a first in Zimbabwe
  • Mortuary Services
  • Chapel Services
  • Grocery Allowance
  • Ceremonial Cow Allowance – a first in Zimbabwe
  • Mourners Transport – cash allowance or bus service equivalent – another first in Zimbabwe.

Product Plans and Cash Benefits

FSGZ offers four Product Plans; Standard, Medium, Executive and Executive Plus. Cash benefits on each of the four plans is as follows (part of core benefits);

 

Plan Grocery Allowance Ceremonial Cow Allowance Mourners Transport (Cash Allowance or Bus Service Equivalent)
Standard $200 $400 $1,000
Medium $300 $400 $1,000
Executive $400 $400 $1,000
Executive Plus $500 $400 $1,000

 

Optional Riders

  • Hospital Cash Back Benefit of $50 and $25 for adults and children, respectively, for each day spent in hospital, terms and conditions applying.
  • Total and Permanent Disability Cover (TPD), ranging from $3500 to $7000, depending on plan chosen
  • Double Accident Cover, extending from $1500 to $5000
  • Memorial and Tombstone Cover, ranging from $1000 to $2500
  • Waiver of Premiums after TPD or death of principal member by 50%.

 

Caskets

STANDARD PLAN:

  • 3-tier Pine Solid Casket
  • Standard Adult Size 6ft
  • Laminated Pine Solid timber
  • White satin interior
  • With polythene sheet underneath
  • Laced with gold or silver
  • With pillow
  • Wrap Around Handles

 

MEDIUM PLAN:

  • Standard Dome Casket White
  • Standard Adult Size 6ft
  • Gloss white painted
  • Half-couch white satin interior
  • With polythene sheet underneath
  • Laced with gold or silver
  • With pillow & Bubble glass
  • Wrap Around Handles

 

EXECUTIVE PLAN:

  • Steel Dome Casket
  • Standard Adult Size 6ft
  • Full-couch white fleece interior
  • With polythene sheet underneath
  • Laced with gold or silver
  • With pillow & Bubble glass
  • Wrap Around Handles

 

EXECUTIVE PLUS PLAN:

  • Kenwood, Mahogany & other Varieties
  • Standard Adult Size 6ft
  • Full-couch white fleece interior
  • With polythene sheet underneath
  • Laced with gold or silver
  • With pillow & Bubble glass
  • Wrap Around Handles

 

Why invest in the FSGZ Plan?

  • No medical requirements
  • Choice of covers
  • Age-based premium and family composition calculations, thus treating you fairly
  • Offers a lumpsum payment for Total & Permanent Disability of members covered
  • Pays to you and your family, a hospital benefit for each day you stay in hospital
  • Offers premium waiver of 50% of expected monthly premiums following TPD or death of principal member
  • Peace of mind knowing all misfortunes will be catered for, avoiding debts occasioned by unexpected financial burdens.