28 Jun

The Insurance and Pensions Commission joins the rest of the World in commemorating International Insurance Awareness Day, which is observed on 28 June, annually. The day was set aside to serve as a reminder to people to review their insurance coverage to ensure that they are adequately protected.…

24 Jun

The Insurance and Pensions Commission (IPEC) has launched a revamped solvency management system for the insurance industry. Dubbed Zimbabwe Integrated Capital and Risk Programme (ZICARP) Framework, the new system aims to, among other objectives, improve consumer protection and assurance to policyholders and beneficiaries. It also provides incentives to…

14 Jun

Funeral assurance is a special branch of insurance where the benefit from the insurance company is used to meet the costs of the funeral upon the death of the insured. The benefit provided by the funeral assurer comes in the form of a funeral service, a cash benefit…

14 Jun

Life is priceless. Although money cannot replace life, life cover provides the necessary financial security to individuals and their dependants. A life policy can provide cover for your entire life or for a specifically set period, such as throughout a child’s tertiary education. The policy pays out a…

14 Jun

Ever took out a loan from the bank or bought something on credit? You might have been sold what is called consumer credit insurance, which provides cover in the event that you can no longer afford to meet your credit repayments for specified reasons. Consumer credit insurance provides…