Absa Life Zambia and Airtel Money Zambia have unveiled the Umoyo Funeral Cover which is a digital insurance product powered by
@InclusivitySols, a leading provider of digital insurance technology.
The Umoyo Funeral Cover is a unique offering that provides comprehensive funeral cover to all Airtel customers. The product comes as a package offering coverage to the entire family at an affordable premium of k20 per month for a cover of K7,500 each for the customer and their spouse and K1,875 each for children up to a maximum of five.
Speaking at the launch at Radisson Blu Hotel, Minister of Technology and Science, Hon. Felix Mutati (
@ChipotaFelix) said one of the key measurements of a growing economy is easy access to financial services for its population.
“This Government has emphasised time and again how financial inclusion is a key strategic agenda and more recently we have seen significant digital uplift of financial services in the banking sector, where customers can now complete transactions on their mobile phones that previously required a series of approvals and steps at a physical branch,” Mr. Mutati said.
Absa Life Zambia Ltd Managing Director Mr. Collins Hamusonde said, "We are delighted to partner with Airtel Zambia to bring this innovative product to our market. This digital insurance launch speaks directly to key objectives that are driven by Government through various financial regulatory bodies. The product is affordably priced to meet the needs of the market with the aim of reaching out to as many Zambians as possible and help reduce the burden of losing a loved one,” Mr. Hamusonde said.
Inclusivity Solutions Head of Operations, Mr. Sam Ndori, also expressed his delight at the partnership and opportunity to anchor the technology behind the innovative digital solution.
"We are thrilled to partner with Absa Life Zambia and Airtel Money to power the Umoyo Funeral Cover. Our award-winning digital insurance platform enables us to support the access of underserved customers, and we are excited to bring this innovative product to customers in Zambia," he said.
See the full statement here
techtrends.co.zm/absa-life-z…