{"id":33080,"date":"2021-07-19T15:47:22","date_gmt":"2021-07-19T15:47:22","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/?p=33080"},"modified":"2021-07-19T14:48:34","modified_gmt":"2021-07-19T14:48:34","slug":"insurance-firm-pays-4-kariakoo-traders-after-fire-ravage","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-firm-pays-4-kariakoo-traders-after-fire-ravage","title":{"rendered":"Insurance firm pays 4 Kariakoo traders after fire ravage"},"content":{"rendered":"

Africa-Press<\/a> – Tanzania<\/a>. <\/strong><\/span>Four traders at Kariakoo Main Market, whose businesses were ravaged by fire, will soon be back in business, thanks to the payment of their insurance claims.<\/p>\n

Juma Khamis Masanja, Anna Mzena, Given Sanga and Kidogo Investments have received a total of 18m\/- from Britam, just one week after the incident occurred.<\/p>\n

The four had covered their businesses against fire and burglary through a bancassurance product offered in partnership between Britam and Stanbic Bank.<\/p>\n

\u201cAs we are talking, the money is already in their bank accounts. Though the law requires us to pay the claims within 45 days, we have found no reason for delaying it further. We have paid them within six days since the incident occurred,\u201d said Mr Vincent Tivai, the Britam chief operations officer.<\/p>\n

Fire razed the Kariakoo Main Market early this month, adversely affecting businesses of a total of 220 traders.<\/p>\n

Stanbic Bank, Head of Consumer and Net Worth Clients at, Mr Omari Mtiga said since the incident occurred, the lender which is also a tenant at the Kariakoo Market had been working with relevant government institutions to bring the situation back to normalcy.<\/p>\n

\u201cWe have also issued a three-month repayment relief to our clients who had been affected by the incident,\u201d he said.<\/p>\n

Representing the beneficiaries, Juma Khamis Masanja and Anna Mzena were all smiles that their businesses have managed to come out of the fire incident unscathed.<\/p>\n

\u201cI now have a better understanding of what insurance is all about\u2026.The payments have been prompt\u2026I see myself as a hero,\u201d said Masanja who sells horticultural products at Kariakoo.<\/p>\n

For Ms Mzena, the incident was enticing her to venture into the insurance business as an agent. \u201cWe need insurance. Having received these claims on time, I now wish I could have insured up to 50m\/-. I am determined to start selling insurance products in the capacity of an agent,\u201d she said.<\/p>\n

Tanzania Insurance Regulatory Authority (TIRA), Acting Director of Planning, Research and Marketing, Mr Zakaria Muyengi, said the fire incident at the Kariakoo Main Market should serve as a wakeup for traders to see the importance of insuring their businesses against risks.<\/p>\n

He commended Britam for its prompt payment of claims so that those affected by the fire can go back to business.<\/p>\n

He said TIRA will work with all insurance companies to foster public awareness campaigns that will raise the population of Tanzanians who go for insurance products.<\/p>\n

\u201cCurrently, 36 per cent of Tanzanians are aware of what insurance entails yet it is about 15 per cent of the total population that have insurance covers,\u201d he said.<\/p>\n

The goal, he said, was to raise the number of Tanzanians who are aware of the insurance subject to 80 per cent by the year 2030. The population, covered by insurance products, must also rise to 50 per cent by 2030, said Mr Muyengi<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. Four traders at Kariakoo Main Market, whose businesses were ravaged by fire, will soon be back in business, thanks to the payment of their insurance claims. Juma Khamis Masanja, Anna Mzena, Given Sanga and Kidogo Investments have received a total of 18m\/- from Britam, just one week after the incident occurred. The […]<\/p>\n","protected":false},"author":84,"featured_media":33079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6990,6991,711],"class_list":["post-33080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press-2","tag-africa-press-tanzania","tag-tanzania"],"yoast_head":"\nInsurance firm pays 4 Kariakoo traders after fire ravage - Tanzania<\/title>\n<meta name=\"description\" content=\"Four traders at Kariakoo Main Market, whose businesses were ravaged by fire, will soon be back in business, thanks to th ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-firm-pays-4-kariakoo-traders-after-fire-ravage\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurance firm pays 4 Kariakoo traders after fire ravage\" \/>\n<meta property=\"og:description\" content=\"Four traders at Kariakoo Main Market, whose businesses were ravaged by fire, will soon be back in business, thanks to th ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-firm-pays-4-kariakoo-traders-after-fire-ravage\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-19T15:47:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/07\/img-60f590ab975cd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-firm-pays-4-kariakoo-traders-after-fire-ravage#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-firm-pays-4-kariakoo-traders-after-fire-ravage\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Insurance firm pays 4 Kariakoo traders after fire ravage\",\"datePublished\":\"2021-07-19T15:47:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-firm-pays-4-kariakoo-traders-after-fire-ravage\"},\"wordCount\":481,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-firm-pays-4-kariakoo-traders-after-fire-ravage#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2021\/07\/img-60f590ab975cd.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Tanzania\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-firm-pays-4-kariakoo-traders-after-fire-ravage#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-firm-pays-4-kariakoo-traders-after-fire-ravage\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/insurance-firm-pays-4-kariakoo-traders-after-fire-ravage\",\"name\":\"Insurance firm pays 4 Kariakoo traders after fire ravage - 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