Insurance Products
MWANGA HAKIKA MICROFINANCE BANK LTD is an Insurance Agent whose operates as multi insurer agent. We have three insurers on life and non-life.
In life we are operating with Alliance Life Assurance under credit life assurance. In credit life assurance we cover death, Permanent total disability, Temporarily disability, loss of human party of body etc.
In non-Life (General) we are operating with Reliance Insurance and Britam Insurance. Insurance covers to Mwanga Hakika Microfinance Bank Ltd as to any other Agents.
Why do you need it?
- Primarily to protect you against financial losses due to risks related to travel.
- For complete protection as an overseas traveler.
- It is a requirement for visa to certain countries.
- Many universities require this cover for students studying abroad.
- International Tour Operators/Travel companies insist on this cover.
Who can be covered?
- Any person upto 70 years (Above 70 can also qualify).
- Any Tanzanian citizen living in Tanzania.
- Any Tanzanian resident living in Tanzania
Considerations
- The level of medical protection you need.
- The value of your possessions to be protected.
- Your tolerance of the possible risks.
- Duration of your travel
Types of covers
- Comprehensive Cover: Covers loss of or damage to insured’s vehicle due to accident, theft or fire and in addition, pays for loss of or damage to third party property or for injury or death to third parties.
- Third party fire and theft: Covers loss of or damage to insured’s vehicle due to theft or fire and in addition, pays for loss of or damage to third party property or for injury or death to third parties.
- Third party only: Pays for loss of or damage to third party property or for injury or death to third parties only.
Motor Insurance Classes
- Private Car
- Commercial vehicles
- Trucks
- Trailers
- Special Type of vehicles
- Public Service vehicles
- Motor Cycles
Coverage
- Accidental damage
- Theft
- Fire
- Damage to windscreen
- Liability to third parties
- Replacement locks
- The basis of settlement for a motor vehicle is always its market value
Covers
- Fire & Allied Perils- Building & or Contents
- Owner’s Liability
- Domestic Workers Compensation
- All Risks for your Movables.
- Buildings and contents: covers the damages caused by fire, lighting, explosion, thunderbolt, earthquake, volcanic eruption, storm, tempest, aircraft or other aerial device, theft or attempted theft, impact to buildings.
Covers
- Asset All Risks
- Industrial All Risks
- Fire & Allied Perils
- Tailor Made
Covers
- Marine Cargo
- Goods in Transit
- Freight Forwarders Liability
Covers
- Contractor’s All Risks Insurance provides covers for any sudden or unforeseen loss of or damage occurring during the period of insurance at the property insured unless the loss or damage is due to the few exclusions specifically mentioned in the policy.
- This insurance offers comprehensive and adequate protection against loss or damage in respect of the contract works from start to the completion.
- Erection All Risks
- Project Insurance
- Roads
- Buildings
- Bridges
- Towers Erection
Covers
- Bid Bonds
- Advance Payment Bonds
- Performance Bond
- Retention Bonds
- Customs Bonds
Money Insurance Cover
- This is the insurance protection of cash or other instruments with monetary values such as cheques which are presented to the bank. The cover provides protection against robbery or theft of the money while in the premises of the bank during and after working hours together with protection of the cash in transit.
Fidelity Guarantee Cover
- This guarantees the settlement of the amount of money being lost from the bank due to dishonest of the employees/fraud.