Econet to Partner Afre on New Life Assurance Product: EcoLife

   

We just received information that Econet and Afre Corporation (formerly First Mutual Life Assurance Limited) will be announcing a new Life Insurance product to the press tomorrow. The new product is called EcoLife. Details are still sketchy at the moment but a new website www.ecolife.co.zw (which seems still under construction) for the service has some information on how this will work.

Here’s how the website says EcoLife will work:

EcoLife - How it Works

advertisement

This is an interesting service and one that has potential to change people’s lives greatly. Interesting because a lot of Zimbabweans are without life insurance. A decade of hyperinflation eroded such financial securities to zero and most Zimbabweans are reluctant to consider them, preferring to keep their money where they can see it or invest in physical assets like land, buildings and cars.

Also interesting is the details of the ‘life cover’. Stuff like when one can get access to it, how much more cover one can get by buying more airtime, what the limit is etc. You know, the fine print. Still, from the outward look of it, it sounds like the kind service everyday people would need.

Afre is a Zimbabwe Stock Exchange listed investment holding company providing such services as life assurance, reinsurance, short-term insurance, property investment and actuarial consultancy.


Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, chat with us using the chat feature at the bottom right of this screen

You might also like

ZERA introduces e-licenses for the petroleum sector

Android users beware there is malware spreading via WhatsApp messages

Video: Young African and Aspiring – Nyeleti Furumele founder of #BossGirl

Technikari Special: AfriBlocks co-founder Tongayi Choto joins us to talk about Techstars 2021