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Magazeti ya leo Tanzania 25 March 2022, Tanzanian Newspapers

Magazeti ya leo Tanzania 25 March, 2022 Newspapers, Karibu Katika Habari zilizopo katika magazeti ya leo Tanzania Ijumaa 25 March 2022 ,Kurasa za mbele na Nyuma Michezo, siasa, udaku na Nyinginezo

Good Morning party people, 25 March, 2022. I invite you to take a look at what is written on the front and back pages of Tanzanian Newspapers. Magazeti ya leo Tanzania 25 March, 2022 Newspapers

Good Morning party people its 25 March, 2022, nakukaribisha kutazama kile kilichoandikwa katika kurasa za mbele na za nyuma za Magazeti ya Tanzania

Newspaper, publication usually issued daily, weekly, or at other regular times that provides news, views, features, and other information of public interest and that often carries advertising.

Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022

Magazeti ya leo Tanzania 25 March, 2022

Karibu Katika Habari zilizopo katika magazeti ya leo Tanzania Jumapili  25 March 2022,Kurasa za mbele na Nyuma Michezo,siasa,udaku na Nyinginezo

Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022
Magazeti ya leo Tanzania 25 March 2022

Tanzanians exhibit a huge appetite for life assurance

A number of Tanzanians have showed a huge appetite for life assurance cover as more and more keep joining in groups to access the service, all thanks to tailor-made marketing approaches by bancassurance agents, latest data reveals.

Tanzania allowed banks to sell insurance services on behalf of insurance firms (bancassurance services) in 2019.

In 2020, Tanzania Insurance Regulatory Authority (Tira) issued its first bancassurance registration to seven banks but so far, the number has increased to 24.

Data from Tira shows that during the third quarter of last year (2021), gross premium written (the total amount that customers paid for insurance coverage on policies issued by insurance companies) – under the life assurance category – accounted for 76.5 percent of all the money that was collected in that particular aspect.

A total of Sh47.497 billion was garnered for the life insurance business between July and September 2021. Out of which, Sh36.32 billion was garnered through bancassurance channels.

Magazeti ya leo Tanzania January 9, 2022 Newspapers

In what explains the impact of community groups in the advancement of life assurance products, out of the Sh36.32 billion that was transacted through bancassurance during the period, Sh35.394 billion – which represents 90.3 percent of the proceeds – was garnered through group life assurance products.

The money came from both formal and informal community groups, including Village Community Banks (Vicoba), WhatsApp and other networking groups as well as Savings and Credit Cooperative Societies (Saccos).

In the general insurance category, bancassurance netted Sh19.055 billion during the period, representing only 9.7 percent of the gross premiums totalling Sh195.74 billion that was transacted during the period. The lion’s share of the money was collected as motor vehicle insurance.

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