SANLAM
Life Insurance Chief Executive Officer, Julius Magabe, (second left)
and General Manager, Individual Life, Wilson Mnzava launch an innovative
savings plan product aimed at insuring children future education in Dar
es Salaam yesterday. Looking on (left) is the General Manager Corporate
Business Nura Masood and Actuarial Analyst Kyenekiki Kyando. (Photo by
Robert Okanda)
SANLAM Life Insurance has launched a new savings plan aimed at insuring children’s future in education. The product dubbed ‘Sanlam Education Care’ offer parents a monthly savings plan that includes an added life insurance benefit that protects investment in the event of death or disability.
Speaking during the launching of the
product, the Chief Executive Officer Julius Magabe, said Sanlam
Education Care has been designed as a savings mechanism to help parents
systematically build-up a savings culture that takes into account the
rising costs of education.
“Investing in your child’s education is
one of the best gifts that a parent can provide to their children.
Education is becoming an expensive commodity and parents would be well
advised to make the right investment decisions when it comes to the
future well-being of their children,” he said.
“No other life insurance product meets
the need of securing a child’s education as much as this one does. The
addition of Sanlam Education Care to our products’ menu underscores our
commitment to expanding our reach within the retail segment and offering
consumers innovative new products that create and preserve wealth,”
concluded Magabe.
Sanlam Life Insurance is the leading
life insurer in Tanzania with a 54.7 per cent market share and an AA-
rating by Global Credit Rating Company (GCR
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