We have just been informed by sources close to Econet that the MNO is set to reactivate its insurance product Ecolife tomorrow.
This isn’t an official launch, it’s more like a silent rollout of the service which hadn’t been available since 2012. This time Econet will be riding solo with its own new life assurance company, Econet Life Assurance.
Although Econet has kept the Ecolife name there are a couple of adjustments that subscribers can expect with the relaunched version.
-The points system, which powered the loyalty based service has been scrapped. This time, just like Telecel’s Telecare there will be a monthly subscription over different priced packages.
-Once a subscriber registers through the USSD prompt(*900# is the code) and accepts the terms and conditions, the monthly premiums will be deducted from the user’s EcoCash account every month
The different monthly subscription packages will include
- The 50c entry package, Ecolife Lite
- The $1 Ecolife Basic Package
- $2 Ecolife Standard
- $5 Ecolife Premium
-Subscribers who were previously registered for Ecolife will receive three months of free service as soon as they activate the service.
-Every package comes with a $20 airtime bonus every month.
-The random SMS notifications that spammed registered subscribers last time have been done away with.
-Ecolife will be working with some providers of funeral cover and Moonlight Funeral Insurance is rumored to be already signed up as a partner
All this comes as a strong push into the mobile based insurance space where Econet once stood as the only provider. This time the environment will be more competitive thanks to the presence of Telecel with its Telecare product.
We have received official communication from Moonlight Funeral Assurance informing us that they are not working with Econet Wireless on the Ecolife product.
Will you be rushing to sign up for the new Ecolife? Is life assurance that important to you?