adminWith Insure&Go, motorists buy a starter pack from a supermarket that includes an insurance cover note and a scratch card.
“Customers merely need to buy the starter pack, send a unique code found on the starter pack to an SMS number and they will receive confirmation with their motor insurance credentials, which they enter on their cover note,” said the managing director of Zimnat Lion, Mr Livingstone Magorimbo, in a statement.
“We have worked to ensure that the product is as simple as possible to take the hassle out of insuring your vehicle.”
The product comes onto the market at a time when many motorists are in the process of registering their vehicles for the new vehicle registration term with the Zimbabwe National Roads Administration (Zinara), which also stipulates that all vehicles on the country’s roads must be insured.
“We noted the challenges that motorists were facing in terms of getting their vehicles insured and thereby also securing the registration of the same, and against this background we worked with our technology partners to bring a product that is simple and yet advanced, to assist our motoring public.”
Mr Magorimbo said initially the product would be available in selected OK and Bon Marche supermarkets and discussions were at an advanced stage to roll out the product in more multi-functional outlets.
“Our idea is to make insurance as easy and convenient as buying airtime for your cellphone, it is something you do without too much thought, and that is how we believe insurance should be,” he said.
The product is the first of its kind in Zimbabwe and has been approved by the Insurance and Pensions Commission (IPEC), which is the regulatory body for the insurance and pensions industry.
Online Reporter