The People’s Own Savings Bank (POSB) is excited to announce a strategic partnership with Zimnat General Insurance to provide an extensive range of bancassurance services. Through this collaboration, POSB is now offering various insurance services underwritten by Zimnat, thereby enhancing the bank’s service portfolio and providing customers with convenient access to essential insurance services.
Under this partnership, POSB is now offering motor vehicle insurance, both third-party and comprehensive covers. Customers can now pay for their Zimnat motor vehicle insurance premiums and renew their ZINARA and ZBC radio licenses through POSB.
Additionally, POSB is also offering a Hospital Cash Plan through the same partnership, providing financial support to customers during hospitalisation, all underwritten by Zimnat Insurance.
The Hospital Cash Plan is designed to provide customers with a daily cash benefit during hospitalisation, helping to cover incidental expenses and alleviate financial stress during recovery. This plan is part of POSB’s commitment to offering practical and valuable financial solutions to its customers.
POSB and Zimnat General Insurance are committed to expanding their bancassurance offerings. Other insurance services are currently in the pipeline, ensuring that customers will have access to a comprehensive package of insurance and financial services tailored to their needs, under one roof.
“This partnership with Zimnat General Insurance allows us to provide convenient and accessible insurance solutions, ensuring that our customers can manage their financial needs under one roof,” said Mr. Garainashe Changunda, Chief Executive Officer of POSB. “We are dedicated to continuously enhancing our service offerings and meeting the ever-evolving needs of our customers. As we celebrate our 120th anniversary, we reaffirm our dedication to a customer-centric approach, leveraging partnerships and innovation to rapidly transform customer experiences and continue our legacy of innovation and inclusivity.”
“Zimnat is excited to collaborate with POSB, a resilient bank with an extensive network, including in some remote parts of the country, to bring our widely sought-after insurance services to a broader audience,” said Mrs. Betty Chiware – Togarasei, CEO of Zimnat General Insurance,
“This partnership aligns with our mission to empower prosperity and provide innovative and reliable insurance solutions to the people of Zimbabwe. We look forward to a successful and mutually beneficial collaboration that benefits our customers and strengthens our communities.”
About POSB
The People’s Own Savings Bank (POSB) is Zimbabwe’s only 100 percent homegrown savings bank that has served the nation by providing quality, affordable and accessible banking services for over 120 years. Formerly the Post Office Savings Bank, POSB, was established in December 1904 as a statutory fund to mobilise savings for national development. From January 1905 until 1965, the Bank conducted its operations through the Post Office infrastructure network. In 1965, the Post Office Savings Bank Act {Chapter 249} was promulgated thereby providing for the administration of the Savings Bank by the Posts and Telecommunications Corporation (PTC) on an agency basis. Finally, in 2001, the People’s Own Savings Bank of Zimbabwe Act (Chapter 24:22) was promulgated. This Act effectively established POSB as a corporate body, separate from PTC. Learn more about POSB at www.posb.co.zw and follow us on Facebook, Twitter, Instagram and LinkedIn.
About Zimnat Insurance
Zimnat General Insurance is a member of the Zimnat Group, a diversified financial services group with interests in General Insurance, Life Assurance, Microfinance and Asset Management. It is a member of Masawara Holdings and associated with SanlamAllianz group, the largest non-banking financial services organisation on the African continent.
Empowering Prosperity is at the core of everything we do. We are dedicated to partnering with individuals, families, and communities to build a brighter and more secure future. Learn more about Zimnat at www.zimnat.co.zw and on various social media channels.
