Econet Life offers insurance services to large Christian body
By Letwin Mubonesi
Econet Life, a subsidiary of EcoCash Holdings Zimbabwe has partnered the Zimbabwe Christian Ministers Association to provide a range of insurance services to Christians across the country.
ZCMA is an organisation with a mandate to uplift the welfare of church pastors from 48 000 congregations across the country, most of whom do not have pensions or any type insurance cover.
Some Christian communities around the world often have a low uptake of insurance products due to a lack of appropriate information and awareness.
This puts them at risk of loss and poverty in the event of unforeseen circumstances such as deaths, storms, droughts as well as accidents.
Econet Life General Manager Godwin Mashiri, announced that the partnership with over 7 000 local pastors under ZCMA will not only increase insurance penetration in Zimbabwe, but also empower the Christian community through employment creation for the association’s members.
“We are committed to ensuring that every person has access to insurance cover. It is a big dream that we will be able to achieve through such partnerships like the one we are having with ZCMA, who look after our spiritual well-being,” said Mr Mashiri.
Mr Mashiri said life assurance will see dependents of principal members getting a lump sum upon death while Econet Life will manage the members’ funds by putting them together into an investment scheme to provide retirement income under the Pension Investment Services.
The organisation’s leaders have already started on-boarding the various Econet Life products ranging from funeral, hospital cash-back and personal accident cover, among others, which they will be extending to their congregants.
ZCMA president Bishop Christopher Choto welcomed the intiative as it would help Christians cushion themselves against life’s unexpected situations like deaths, storms and droughts.
“We are so excited to partner with Econet Life in addressing the welfare situation of most of our Church ministers. The partnership will help us address areas that are often ignored by the Christian community, such pension investments, and income after the death of a loved one and estate planning. It will also open employment creation for our members who will be appointed agents and they will earn some income from the partnership to look after their families and ministries,” he said.
Econet Life offers affordable group products for corporates, universities, churches and other large institutions.
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