By Kondwani Kandiyado
One of the top insurance companies in the country Smile Life Insurance company in partnership with Fincoop Savings and Credit Cooperative Limited have introduced Insurance Kumudzi project which aims at bridging the insurance gap among people living in rural areas.
Speaking on Monday in Mponela, Dowa during the partnership signing ceremony, Smile Life Insurance Company Deputy Chief Executive Officer Beatrice Mangwana emphasized that the insurance Kumudzi project agreement has been aligned to the Financial Access to Rural Markets Smallholder Enterprise (FARMSE) project which will help bridge the insurance gap especially with the rural masses.
“We believe the project has a wide coverage most especially in the rural areas and this will also greatly help the rural masses access our insurance services,” she said.
She said she is impressed that the partnership agreement which is for two years may go even beyond the period.
Fincoop General Manager, MacMillan Nankhonya said the organisation is happy to have signed the partnership agreement with Smile Life targeting the rural communities which is also our primary target.
“We are happy that we have added one product on our potfolio.
“Rural people most of the times when hospitalised face challenges and this type of insurance supports the people financially and it provides lifetime solutions to the people,” he said.
He added :”At the end of the day we will be dealing with people who are healthy and happy.”
Fincoop Sacco and Smile Life Insurance are implementing the project in nine districts such as Karonga, Nkhatabay, Chitipa, Mzimba, Mulanje, Thyolo, Dedza and Dowa.
