1. Motor Insurance: Comprehensive Cover
|
SN |
FEATURE |
LIMIT/DESCRIPTION |
|
1 |
Sum Insured |
Based on agreed value. No accounting for depreciation |
|
2 |
Free Windscreen Cover |
Replacement Value |
|
3 |
Alternative Transport up to 15 days
|
Tshs. 50,000/= per day Alternative vehicle benefit to start after authorization of repairs. |
|
4 |
Free Towing and Recovery when involved in an accident |
Tshs. 2,000,000/= |
|
5 |
Personal accident for the driver against death and permanent disability |
Tshs. 5,000,000/= |
|
6 |
Third Party Property Damage |
Tshs. 100,000,000/= |
|
7 |
Replacement of key in case it is lost or stolen |
Replacement Value |
|
8 |
One night accommodation following accident happening 100km away from home |
Tshs. 100,000 |
|
9 |
Premium Rate |
3.5% |
Other Benefits:
- Fleet discount – 20% for 50 vehicles and above.
2. Home insurance
Rates
- Building – 0.15%
- Contents – 0.3%
- All Risks – 0.5% (Theft to Mobile items (laptops, Mobile phones) covered only within the premises)
Benefits:
- Reasonable additional expense for alternative accommodation for maximum of 15 days
- Loss of rent payable to the insured for maximum of six (6) months
- Personal Accident - Death or PTD up to maximum of Tshs 10,000,000
3. Premium Payment Plan
- Offering IPF with concessionary rate from the Bank while interest is covered by insurer.
For Reliance Insurance Company (T) Limited
Authorized Signatory
4. FANAKA INSURANCE
- This policy covers the life of the insured while providing the policyholder an opportunity to save regularly over a specific period and get a lump sum amount on the policy at maturity.
- The plan offers a policy term option of 5-10 years and 11-20 years. On maturity of the policy term, policyholder receives a survival benefit of guaranteed returns on the investment from a range of 10% up to 20% of the sum assured and yearly accrued bonus depending on the policy term.
- Upon death of the policyholder, the family receives up to 175% of the sum assured and yearly accrued bonus depending on the nature of death.
5. FARAJA BENEFIT
This is a funeral expense and permanent disability benefit offered to private account covering unforeseen events like Death and disability.
Scope of cover
- Death of main member and spouse
- Total permanent disability
Benefit amount
- 4,000,000 in case of death and permanent disability for both account holder and spouse on Personal Accounts
- 4,000,000 in case of death and permanent disability for both account holder and spouse on Executive Accounts
All the benefits of Faraja to Private account holders are free of charge.
