Third Party, Fire And Theft: This covers the insured for Damage to the vehicle by fire, Theft of the motor vehicle or any part thereof, Third party property damage, Third party bodily injury, Damage to the vehicle as a result of an accident is excluded
Third Party Only: This is the minimum cover on offer for motor vehicle insurance and includes the following, Third party property damage and, Third party bodily injury, All other forms of damages to the insured’s vehicle are excluded
Domestic Package:This is an attractive package for homeowners and householders. It is a comprehensive policy, which gives the policyholder the benefit of 6 policies in a single package.
Buildings: This covers the insured house and contents against damage by fire and allied perils.
Contents: Covers the insured household contents against damage by fire and allied perils as well as burglary.
All Risks: Covers the insured valuables / personal effects and movable items against the risks of fire, theft and/or burglary and accidental damage.
Owner's Liability: Covers the insured against liability at law to pay compensation in respect of accidental bodily injury (including illness) to any person other than a member of the insured family or household or a person in his service at the time of the occurrence-giving rise to the injury. It also covers accidental loss or damage to property not belonging to or in the custody or control of the insured or a member of his family or household or a person in his service. The loss must occur on or about the premises.
Occupier's And Personal Liability: Covers the insured for his liabilities to members of the public with access to the Premises. 14. National Insurance Corporation (T) Limited
Insurance services:We provide high quality customer-focused insurance services to organizational, commercial, and personal line clients through innovative marketing, efficient and effective management of resources, thus maximizing shareholders returns and remain market leader. Package/Benefit:We offer packages based on life and non-life insurance.Life insurance covers Whole Life Insurance-Under the Whole Life Policy, premiums are payable throughout the lifetime of life assured and, as such; this is the cheapest form of policy Endowments Life Insurance-This is the most popular form of life assurance since it does not only provide protection for the family of the life assured in the event of his early death, but also assures a lump sum at any desired age Super Life Provider-The plan can assist the proposer to arrange for his/her financial support to continue after his/her death. On maturity the sum assured is paid by 200% Pure Endowment-This plan of assurance provides that the sum assured shall be made only if the life assured survive up to the end of the period. If the assured dies, the assurance comes to an end, and there is no payment. 15 Years Anticipated Life Insurance-This plan of assurance provide for lump sum benefits at periodical intervals. But in the event of death at any time within the selected term the full sum assured is payable without any deduction or adjustment for the amount that may have been paid earlier by way of survival benefit. 20 Year Anticipated Life Insurance-This plan of assurance provide for lump sum benefits at periodical intervals. But in the event of death at any time within the selected term the full sum assured is payable without any deduction or adjustment for the amount that may have been paid earlier by way of survival benefit. 25 Years Anticipated Life Insurance-This plan of assurance provide for lump sum benefits at periodical intervals. But in the event of death at any time within the selected term the full sum assured is payable without any deduction or adjustment for the amount that may have been paid earlier by way of survival benefit. Credit Life Insurance-The policy provide a cover to the borrower whereby the corporation promise to pay the Creditors the balance of the loan granted upon the happening of the event (death of the debtor)
Super Education Provider-Super Education provider policy is a plan specially designed for providing parents with financial support for their children’s education. Kinder Education Provider-On maturity of the policy, the Sum Assured and accrued bonuses are paid by installments over 7 year period to provide fees for primary Education. In case of death of parent/guardian during the policy period, premiums are waived and benefits paid on the stipulated date of maturity. Junior Education Provider-On maturity of the policy, the sum assured and accrued bonus are paid by annual installments over a 6 years period to provide fees for Secondary Education. Senior Education Provider-On maturity, the plan pays the sum assured and accrued bonuses by annual installments over 3 year’s period to provide fees for University Education. Combine Super Education Provider-Is basically a combination of Junior and Senior, the sum assured and accrued bonus are paid by annual installment over 9 years period to provide fees for Secondary and University Education. Medical Insurance-The Policy will provide for a Medical Treatment as a result of illness or accident to a minimum limit ranging from Tzs.1 million to 5 million. Group Endowments-Under this Plan the rate of pension fixed is converted into an actuarial equivalent lump sum required at the retirement age and that amount is taken as the Sum Assured under an Endowment Assurance. With the increase in the salary, additional contribution will be applied to purchase further sum assured. In the event of death of the employee before retirement, the Sum Assured in force on the policy anniversary preceding death will be payable Gratuity-This is the benefit (motivation) provided by employer to employees when they successfully complete their contracts. Non-Life Insurance covers Fire Insurance-This is a contract whereby the insurer in return for a consideration, known as the premium, undertakes to indemnify the insured against financial loss which he may sustain by reason of certain defined property insured being lost, destroyed or damaged by fire, or other stated perils within a stated period, the liability of the insurer being limited to a specified amount, called the sum insured. Motor-Motor Insurance is classified as follows; (1) Private Cars-This class covers private vehicle that is Saloons, Station Wagons Double cabins and ½ ton pickups which are neither used to carry goods nor hired-(2) Commercial-2.1 Goods carrying Vehicle-This class includes all Trucks, Lorries, Trailers /Semi trailers, Tankers, Pickups and
