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.
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