EcoSure hits M1m mark in policy payouts
Econet, through its EcoSure – Mpolokeng insurance policy underwritten by LNIG, has paid M1 million worth of policy payouts since its introduction to the Lesotho market.
This was revealed by Econet's Product Manager – EcoSure, 'Mabasia Khongoanyana.
Khongoanyana said that Econet issues payouts to the beneficiaries of the EcoSure – Mpolokeng insurance policy members ranging from M2, 500 to M20, 000 on a weekly basis. "These payments are issued only if the deceased members have been consistently paying their monthly premiums which are deducted from the airtime wallets" said Khongoanyana
She said that Econet's EcoSure insurance policy covers one member, aged between 18 and 65, per SIMcard and the customer is at liberty to choose anyone as their beneficiary.
She emphasized that EcoSure is by far the most convenient and affordable policy in Lesotho where members pay premiums from as little as M9 per month and the amount is deducted from their airtime. "EcoSure – Mpolokeng offers our customers a peace of mind in times of need" Khongoanyana concluded.
Limakatso Ts'osane, a 25 year old model, said that she knew when she was 17 and still in high school that should her grandmother leave this world, there would be no one to bury her.
"I am an orphan so, it has always been me and my grandmother, who is my mother's sister, against the world. I knew that other insurance companies will ask for documents that my grandmother does not have, like a pay slip, but with EcoSure, all she needed was a mobile phone. I helped her register on the phone and had to sell sweets at school to pay for her monthly premiums" said Ts'osane
Ts'osane said that when her grandmother passed on last month after a short illness and as the beneficiary, she went to the Econet shop to make enquiries on the required documents for claims. "Once I had all the documents, I took them to the Econet shop and received a call within a few days to collect the cheque" said Ts'osane
She said that she could not believe that she had the money to bury her beloved grandmother. "All I can say is that I am at peace because I gave my grandmother a dignified funeral, thank you Econet for providing such convenience with EcoSure" concluded Ts'osane
To register for EcoSure insurance cover, Econet customers simply dial *100#, follow the guidance menu and choose covers that suit their needs.