Zimnat Life Assurance has introduced Kwedu/Ngekhaya, a funeral plan for Zimbabweans living in the diaspora. The plan pays out up to USD60 000 for a family of six for those in countries such as the United Kingdom, United States of America, Australia, Canada and others. It pays to ZAR210 000 for those in Southern Africa.
For a premium of USD23.50 per month, a husband, wife and four children in United Kingdom, United States of America, Australia and Canada are each covered for USD10 000, meaning altogether the benefit is USD60 000. In the event of death, the funds are paid out to ensure funeral, repatriation costs and all services are covered. For those in Southern Africa, for a premium of ZAR189 per month, a husband, wife and four children are each covered for ZAR35 000, with the total benefit being ZAR210 000 which in the event of death, will also be paid out to cater for funeral and travel expenses.
Why do you need this Plan?
An estimated 3 million Zimbabweans are living in the diaspora and many struggle to fund for repatriation and funeral expenses in the event of death and end up resorting to donations and crowd funding for that final journey back home. Zimnat; whose purpose is to make life better, realised the hustle and difficulty that people go through to fund for repatriation, with some resorting to ‘Go fund me’ crowd funding to raise funds. There was also a need to extend the purpose of making life better for all Zimbabweans regardless of where they are in the world, hence the introduction of Kwedu/Ngekhaya.
The plan will enable Zimbabweans abroad to get a solution that gives them peace of mind knowing that they are guaranteed of that final journey back home, where their roots lie and that their family back home is guaranteed of a befitting send off in the event of death.
Kwedu/Ngekhaya Plan Pricing
The minimum cover per person is USD2500 whilst the maximum is USD20 000 and customers are free to choose a cover that meets their needs within the available ranges. For an additional charge, one can add parents and other extended family members.
Premiums for Kwedu/Ngekhaya are payable monthly, quarterly or on an annual basis. The plan also has an option for vigil and tombstone cover, does not have any waiting period in the event of accidental death and no medicals are required to sign up.
The policy can be applied for, online through Zimnat’s self-help web portal, selfcare.zimnat.co.zw. On the same platform, locals in Zimbabwe can also refer friends and family to sign up for Kwedu/Ngekhaya.
Zimnat Life Assurance is part of the Zimnat Group comprising of Zimnat General Insurance, Zimnat Asset Management and Zimnat Microfinance. The group is associated with Sanlam South Africa, the largest non-banking financial services group on the continent. The group is driven by a purpose to make life better.