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.