Africa-Press – Tanzania. THE National Bank of Commerce (NBC) has launched a new product known as ‘Bima ya Afya na Maisha’ aimed at facilitating community inclusion in financial systems through insurance products.
The product, under a partnership with Sanlam Life Insurance Tanzania, includes ‘Afya Salama’ health insurance specifically for family members as well as ‘Nia Njema’ health insurance which is tailored for members of various social groups and their families.
The NBC Bank’s Head of Insurance, Mr Benjamin Nkaka said in Dar es Salaam yesterday that the products were aimed at supporting the government’s commitment to ensuring that health insurance service reaches every Tanzanian.
“Through the ‘Nia Njema’ Insurance, we aim to protect Tanzanians in various social and economic groups like VICOBA groups, SACCOS, employees, employees’ groups, entrepreneurs, institutions, cooperatives, WhatsApp groups and other similar groups,’’ he said.
He explained that the social groups are limited to a minimum of five members who can be relatives, neighbours or any other association while noting that the cost for annual membership is 18,000/-.
“The difference between this product and other insurance products is that this one covers all group members and their families at low cost, faster response and with social insurance expertise. These products are available in all regions of the country and insurance benefits are provided within 24 to 48 hours after submitting accurate information and attachments from group admins. Registration for these products is done through groups.’’ he added.
On ‘Afya Salama’ health Insurance Mr Nkaka said it will be used on more than 372 hospitals across the country including government and private hospitals.
