The National Microfinance Bank (NMB) has started to deliver insurance services at all its 224 branches countrywide following the launch of a services known as Bank insurance at an event held in Dar es salaam yesterday.
According to NMB, the services will be available in all NMB branches including Sanlam Life Company, UAP, National Insurance Cooperation, Jubilee, Zanzibar Insurance Corporation and Reliance.
Speaking during the launch, NMB’s Senior Insurance Manager, Martin Massawe, said that the presence of NMB branches all over the country will support the growth of the insurance sector which will also increase the national income.
“We have got a lessen to provide Insurance services after the pass of the law of Bank assurance last year and therefore due to our branches in all districts in the country, will emphasize the growth of the insurance sector”, he added.
On the other side, the Insurance commissioner from Tanzania Insurance Regulatory authority (TIRA), Dr. Mussa Juma, said the government through its institution, takes efforts to improve small sectors including the insurance sector.
“Our aim is to make sure that 60% of Tanzanian elders are able to get insurance services by 2024. We also aim to insure that 60% of all Tanzanians are aware on the importance of using insurance services by 2024”
the commissioner from Tanzania Insurance Regulatory Authority (TIRA) Dr. Mussa Juma (Right)during the launch of NMB Bancassurance. In the Centre is the currency supervising Manager from BOT, Mussa Sadat.