Press Release
Jubilee InsuranceTanzania and R&R Insurance Brokers introduce the
first-ever Investment Plan for Tanzanians living in the Diaspora
Dar es Salaam – 12th
, August, 2015…R&R Insurance Brokers
Limited (R&R) in partnership with Jubilee Insurance companies in Tanzania
announced the first-ever Investment Plan cover that combines both Life
Insurance and Repatriation (Funeral) cover for Tanzanians living in the
diaspora.
The product named Nyumbani Kwetu, Swahili for My Home
has been designed to deliver three components; investment, life and
repatriation cover. Nyumbani Kwetu
allows access to ones’ funds after the second year, it has a guaranteed life
cover, guaranteed funeral cover and a return rate of 4 %.The cover is
affordable and accessible with premiums as low as Tsh17,200/- per year.
The product is available to all Tanzanians living outside the country
with a minimum age of 18 years. Unlike other insurance products, Nyumbani Kwetu has no maximum age of entry.
R&R prides itself on crafting unique insurance
solutions. R&R Insurance Brokers Managing Director, Ms. Diana Matondane,
said that the firm is thrilled to partner with the number one Insurance Company
in East Africa. “This presents us with an opportunity to showcase our products
to Tanzanians all over the world. Jubilee’s passion and dedication to
underwrite risks and paying claims is well known as the market leaders in Tanzania,
It’s an honour to work with them,” said Ms. Matondane.
“We are delighted to partner with R&R and
we look forward to introducing various products to the Tanzanian market, and
beyond catering for long term life Assurance packages such as school fees and
personal investment policies,” said Jubilee Insurance CEO George Alande. Alande
further highlighted that Jubilee also offers short term insurance packages such
as domestic package insurances for residential houses and their contents, motor
vehicle covers specifically for ladies and individual medical insurance covers
among others. “There is a synergy between our two brands that we feel will
result in a profitable relationship for both of us,” said Alande.
R&R provides a full-
brokerage service covering General, Life and Health insurance in a wide range
of sectors including aviation, marine, mining, oil, gas and energy, credit and
political (investment) risks, surety bonds, terrorism and sabotage as well as
micro insurance.
END…
For further information, please contact ;
Diana Matondane
Managing Director
R&R Insurance Brokers Limited
+255 22 2111638; Cell: +255 783 600 003;
George Alande;
Chief Executive Officer
The Jubilee Insurance Company of Tanzania Limited
Tel: +255 22 2135121; Cell: +255 757 347 787;
About R&R
R&R is an independent
specialist insurance and brokerage firm. It is fully owned by Tanzanians and
licensed by the Tanzania Insurance Regulatory Authority (TIRA). R&R offers
unique and flexible range of insurance risk solutions including life, general
and health covers. We are committed to supporting our clients by defining,
designing, and delivering innovative, specific insurance solutions that help
them effectively manage their risk.
Local Expertise.With a
Global Reach!
About Jubilee Insurance
Jubilee Insurance was established in August 1937, as the first locally
incorporated Insurance Company based in Mombasa in 1937. Jubilee Insurance has
spread its sphere of influence throughout the region to become the largest
Composite insurer in East Africa, handling both long-term and short-term
insurance. Today, Jubilee is the number one insurer in East Africa with over
450,000 clients.
Jubilee Insurance is also the largest
provider of medical insurance across East Africa that includes many of the
region’s blue chip companies. Jubilee Insurance has a network of offices
spanning Kenya, Uganda, Tanzania, Burundi and Mauritius. It is the only ISO
certified insurance group listed on the three East Africa stock exchanges – The
Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange and Uganda
Securities Exchange. Its regional offices are highly rated on leadership,
quality and risk management and have been awarded an AA- in Kenya and Uganda,
and an A+ in Tanzania.
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