Sunday, June 3, 2018

NIC out to curb forgery in transit vehicles’ insurance

By From JOHN NDITI in Morogoro

THE National Insurance Corporation (NIC) will soon start applying digital system to collect insurance fees for transit vehicles through the Dar es Salaam Port, a move expected to boost its income to 10bn/- from the current 3bn/-.

These are vehicles destined for member countries of the Common Market for Eastern and Southern Africa (COMESAExecutive Director of the NIC, Mr Sam Kamanga noted this yesterday at the 8th workers’ council meeting of the corporation here in Morogoro.
He stated that the new digital application is set for launching next month and is intended to address sabotages by some agents. Some of the port agents have been dishonest, forging some of the insurance documents, a situation which denies revenues to the NIC and the government.
He said many transit vehicles through the ports were seen as insured, but when they reach their destinations in the COMESA countries, they are found to have fake insurances. 
We have conducted research and found out that several insurance documents were forged, so we look forward to using the digital system from July,” he stressed.
Under this new application, the company is upbeat that it will be addressing the loopholes leading to loss of revenues. Meanwhile, he informed that they also plan to introduce new insurance product, called agriculture insurance,
noting that currently the experts are still analysing various issues in order to see the best mode of how it will be operating from July, this year. The aim of introducing this type of insurance is to provide opportunity to the farmers to benefit from insurance through their cooperatives.
Morogoro Regional Commissioner, Dr Kebwe Stephen Kebwe, who officially opened the meeting, told the NIC to embrace more creativity in looking for new markets due to increased competition.
He advised the NIC to ensure that it pays compensations to its customers timely in order to build trust among them, and thus make their business grow. He further commended the corporation for its efforts to adopt digital systems in provision of its services.

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