BY WINSTONE ANTONIO
ZB LIFE Assurance Limited yesterday launched the Enhanced Cash Funeral Plan which provides for cash payments in both foreign and local currencies when an insured and listed beneficiaries die.
Speaking at the virtual launch, ZB Life chief executive Letwin Mawire said the package was meant to alleviate life’s challenges.
“This product is the culmination of a long research process, in particular listening to our communities and our valued customers in our quest to offer financial and insured risk solutions at a reasonable price,” he said. she declared.
“We have made money available to cover funeral and burial costs in the event of the loss of a loved one. In addition, we have helped companies take care of their employees in this regard.
Mawire added, “We will resolutely strive to design financial solutions that more than adequately meet your needs and, as much as possible, will eliminate financial stress when you need it. “
ZB Financial Holdings brand manager Cynthia Muzira said policyholders have the option to choose one or more or even all of the additional benefits.
“We have added exciting and great new services to the existing cash funeral plan, in line with the new standard and the needs of our policyholders, new and old. Additional benefits include the Memorial Cash Benefit which will help policyholders opt for this enhancement by funding memorial services, ”she said.
Enhanced funeral package includes commemorative blanket, tombstone unveiling, cash grocery coverage, and tuition offering cash payouts ranging from $ 50,000 to $ 100,000 for beneficiaries and policyholders .
Personal Accident Benefit Coverage offers a dual cash plan for the funeral in the event of the policyholder’s death in an accident. However, this scheme will not cover minors.
The plan will also have disability coverage that will offer a six-month cash payment with a six-month waiver on the premium payment.
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