Avi Ben-Hutta
Editor at Coverager
Econet Wireless EcoSure Moovah

Econet Wireless Launches Short-Term Car Insurance

Econet Wireless, the Johannesburg-based diversified telecommunications group, has launched EcoSure Moovah, Zimbabwe’s first short-term car insurance, targeting over one million uninsured vehicles in the country.

 

 

Available for a period of 4, 8 and 12 months, the EcoSure Moovah car insurance will be added to clients’ monthly phone bills, with the option to pay in installments. Clients who purchase coverage enjoy different perks such as 10 liters of fuel, $5 airtime, $500 funeral cover, $2,000 accident cover and a $50 per day hospital cash back cover, among other things.

 

 

EcoSure Moovah follows Econet’s first insurance experience – EcoSure Funeral Cover, which has provided coverage for over two million Zimbabweans. “This innovation, which follows in the footsteps of our phenomenally successful EcoSure Funeral Cover and our existing pioneering, mass market products, is sure to shake the industry for the good of the motoring public. Not only will EcoSure Moovah offer choice and flexibility through the option of customers to pay their premiums monthly, but it will also offer incredible value addition through bundled benefits of up to $5 000 at very competitive and affordability premiums.” – Econet’s Cassava FinTech Zimbabwe CEO Eddie Chibi.

 

“We at Ipec do believe that technology and technical innovation are now determining the growth of the insurance industry in Zimbabwe. So today marks a new chapter in our efforts to drive the insurance inclusion agenda and our push for insurance penetration growth from the nearly 5% to beyond 20% by the end of 2019. I do believe if we all play our part, we can achieve that.” – Insurance and Pension Commission (Ipec) Chairperson, Lynn Mukonoweshuro.