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Press Release
Jubilee InsuranceTanzania and R&R Insurance Brokers introduce the first-ever Investment Plan for Tanzanians living in the Diaspora
Dar es Salaam – 12th , August, 2015…R&R Insurance Brokers Limited (R&R) in
partnership with Jubilee Insurance companies in Tanzania announced the first-ever
Investment Plan cover that combines both Life Insurance and Repatriation (Funeral) cover
for Tanzanians living in the diaspora.
The product named Nyumbani Kwetu, Swahili for My Home has been designed to deliver
three components; investment, life and repatriation cover. Nyumbani Kwetu allows access
to ones’ funds after the second year, it has a guaranteed life cover, guaranteed funeral cover
and a return rate of 4 %.The cover is affordable and accessible with premiums as low as
Tsh17,200/- per year. The product is available to all Tanzanians living outside the country
with a minimum age of 18 years. Unlike other insurance products, Nyumbani Kwetu has no
maximum age of entry.
R&R prides itself on crafting unique insurance solutions. R&R Insurance Brokers Managing
Director, Ms. Diana Matondane, said that the firm is thrilled to partner with the number one
Insurance Company in East Africa. “This presents us with an opportunity to showcase our
products to Tanzanians all over the world. Jubilee’s passion and dedication to underwrite
risks and paying claims is well known as the market leaders in Tanzania, It’s an honour to
work with them,” said Ms. Matondane.
“We are delighted to partner with R&R and we look forward to introducing various
products to the Tanzanian market, and beyond catering for long term life Assurance
packages such as school fees and personal investment policies,” said Jubilee Insurance CEO
George Alande. Alande further highlighted that Jubilee also offers short term insurance
packages such as domestic package insurances for residential houses and their contents,
motor vehicle covers specifically for ladies and individual medical insurance covers among
others. “There is a synergy between our two brands that we feel will result in a profitable
relationship for both of us,” said Alande.
R&R provides a full- brokerage service covering General, Life and Health insurance in a
wide range of sectors including aviation, marine, mining, oil, gas and energy, credit and
political (investment) risks, surety bonds, terrorism and sabotage as well as micro
insurance.
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For further information, please contact ;
Diana MatondaneManaging DirectorR&R Insurance Brokers Limited +255 22 2111638; Cell: +255 783 600 003; E: [email protected]
George Alande;Chief Executive Officer The Jubilee Insurance Company of Tanzania Limited Tel: +255 22 2135121; Cell: +255 757 347 787; Email:[email protected]
About R&R
R&R is an independent specialist insurance and brokerage firm. It is fully owned by Tanzanians and licensed by the Tanzania Insurance Regulatory Authority (TIRA). R&R offers unique and flexible range of insurance risk solutions including life, general and health covers. We are committed to supporting our clients by defining, designing, and delivering innovative, specific insurance solutions that help them effectively manage their risk.
Local Expertise.With a Global Reach!
About Jubilee Insurance
Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company based in Mombasa in 1937. Jubilee Insurance has spread its sphere of influence throughout the region to become the largest Composite insurer in East Africa, handling both long-term and short-term insurance. Today, Jubilee is the number one insurer in East Africa with over 450,000 clients.
Jubilee Insurance is also the largest provider of medical insurance across East Africa that includes many of the region’s blue chip companies. Jubilee Insurance has a network of offices spanning Kenya, Uganda, Tanzania, Burundi and Mauritius. It is the only ISO certified insurance group listed on the three East Africa stock exchanges – The Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange and Uganda Securities Exchange. Its regional offices are highly rated on leadership, quality and risk management and have been awarded an AA- in Kenya and Uganda, and an A+ in Tanzania.
