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. 

Michuzi Blog

Tanzanian blog operating since 2005, covering International news and Local News, including Politics, Fashion, Social Scenes, Interviews, Movies, Events, personalities and anything positive happening worldwide. Written in Swahili and English targeting both Swahili and English readers.

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