CBZ Life offering low cost holiday accident cover

CBZ Life offering low cost holiday accident cover

- in Accident, Life Insurance, Personal Lines

By Donald Tafadzwa Chidoori

The holiday season in Zimbabwe always comes with a lot of excitement as people meet, visit, relax and enjoy with family, friends and relatives.  Unfortunately, while no one chooses to be in an accident the holidays also come with high incidence of accidents.

During last year’s festive season 292 people were injured in 543 road accidents. While From December 15, 2015 to January 2, 2016, 130 people were killed in road traffic accidents compared to 102 during the corresponding period, that is December 15, 2014 to January, 2, 2015.

Many motorists in Zimbabwe have third party vehicle insurance which unfortunately does not cover the injured person’s welfare or offer immediate cover to the family of the deceased should a calamity occur.

So if you are taking a vacation somewhere exotic, or simply visiting or inviting your loved ones to spend the holidays with you. You need to be covered and go for the holidays with a peace of mind.

The CBZ Holiday Personal Accident Package allows you to “travel knowing that you have been covered against unforeseen eventualities.”

With affordable premiums which range from as low as US$1.80, you get covered for 3 months during the Festive Season from 1 November 2016 to 31 January 2017.

You can also cover your whole family for as little as $5 a month. Family premiums covers member, spouse and a maximum of 4 biological children under the age of 21.

The package is open to CBZ Bank Account holders and NON-CBZ Bank Account holders.

Instant Cover

The premium is only paid once and you will start to enjoy the benefits.

The main benefit of the product is the ‘Personal Accident Death Benefit’ which provides an accidental death CASH benefit ranging from $1000, up to a maximum of $2,000.

There is also the ‘Funeral Expenses Benefit’ which is a CASH benefit to cover accident related funeral expenses this ranges from $500 up to $1,500.

The last benefit is the ‘Hospital Cash Benefit’ whereby CBZ Life pays a lump sum daily benefit in the event of an insured member getting hospitalized for a minimum of 3 days following an accident.  The daily benefit ranges from $50 up to $100 per day and it is paid for a maximum 5 days of hospitalization.

  Cover Category 1 Cover Category 2 Cover Category 3
PERSONAL ACCIDENT COVER $1000.00 $1500.00 $2000.00
FUNERAL EXPENSES BENEFIT $500.00 $1000.00 $1500.00
HOSPITAL CASH BENEFIT $2500.00 $375.00 $500.00
INDIVIDUAL PREMIUM $1.80 $2.70 $3.60
FAMILY PREMIUM $5.00 $7.50 $10.00

The CBZ Holiday Personal Accident Package



Claims can be made at any CBZ branch nationwide and must be made within thirty days of the claim event.

For more information on the The CBZ Holiday Personal Accident Package call the the CBZ, Econet toll free number 460.

Facebook Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

IPEC suspends six pension fund bosses

Darlington Musarurwa  The Insurance and Pensions Commission (IPEC)