Mwananchi Communication Limmited
Summary
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ZIC
director general Mr Arafat Haji said the new service targets to protect private
vehicles owned by women in case of different disasters such as road accidents,
theft and fire incidents.
Zanzibar. Zanzibar Insurance Corporation (ZIC) yesterday unveiled a new motor vehicle insurance for
women as part of celebrating the Women’s Day.Dubbed “Queen Motor Insurance,” the
new service is also a celebration of a 169 percent growth in premiums in the
last one year.
Speaking during the launch of the
new service in which the corporation also announced its annual results for
2022, ZIC director general Mr Arafat Haji said the new service targets to
protect private vehicles owned by women in case of different disasters such as
road accidents, theft and fire incidents.
“We will also be responsible for the damages
caused by our customers to other road users and their properties because this
cover is comprehensive,” said Mr Haji.
According to him, the launch of the
service comes at the time when the insurance company joins the rest of the
world in marking the International Women’s Day which is celebrated every March
8.
The insurance corporation also
formed a specific desk that will serve women in providing the cover and during
claims as part of the celebrations.
Good performance
Speaking about the performance of
ZIC, Mr Haji said the state-run company increased premiums by 169.55 percent to
Sh40.2 billion in 2022.
In the previous year, it collected
premiums worth Sh23.7 billion, he said.
“We achieved our targets for 2022 by
91 percent, a demonstration of our fast growth and trust from our customer who
available across the country. A total of Sh40.2 billion were collected through
direct sales, 14 insurance brokers, 112 agents, 12 banks and through mobile
platform known as Vodabima,’’ he said.
He said the achievement was a result
of increased investment which grew by 64.51 percent in 2022.
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