THE NIC Insurance plans to conduct a countrywide public awareness education on the benefits of various insurance products in a bid to increase insurance coverage.
The move is part of series of activities to commemorate its 60-year anniversary.
NIC Managing Director, Dr Elirehema Doriye, said providing insurance-related education is important because many Tanzanians still have little understanding of insurance products.
The NIC’s boss said that the entity has planned to use various platforms for educating the citizens including forums.
“NIC will educate Tanzanians through various platforms including academic forums in order to ensure that insurance education reaches many people,” Dr Doriye said.
He also said the corporation has planned to visit various public and private institutions in the country including media to provide them with proper insurance knowledge.
“Our focus is to make sure all Tanzanians have knowledge on the insurance products … In recognising the importance of the media industry in the country we (NIC) have started a process of making a special insurance product for journalists,” he added.
In line with this, it has already started receiving different opinions on the envisaged media insurance products and promised that in three months the products will be ready.
In a related development, Dr Doriye said as part of Corporate Social Responsibility (CSR) the NIC will also extend support to social services such as health, environment and people living in difficult environments.
According to her, the NIC has also planned to increase its efforts in investing more in Information Technologies as the entity celebrates 60 years.
For his side, Chief Executive Officer of Young Africans Sports Club, Mr Andre Mtine commended the NIC for partnering with the club in spreading the education.
“As a Young African Sports club, we are happy to cooperate with NIC and we congratulate them for having the best brand,” he said.
The robust reforms made by the NIC Insurance from 2019, has enabled the government entity to set a business benchmark in the insurance sector, taking a chunk of market share at 16 per cent, while its capital growth rate stands at 18 per cent annually.