Jubilee and TPB Bank in partnership
Jubilee Life Insurance reached agreement with TPB Bank with a view to marketing a new life insurance product through TPB’s agency network.
Called “Bima Maisha”, the contract includes a variety of risks (disability, serious illness, decease and funerals). It provides for a capital of 5 million TZS (2 356 USD) in the event of decease of the family breadwinner. Funeral expenses are also covered up to 1 million TZS (471 USD).
In the event of permanent disability or serious disease, the policyholder shall be entitled to a compensation amounting to 5 million TZS (2 356 USD) and 4 million TZS (1 885 USD) respectively.
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