Times Of Swaziland: FREE FUNERAL COVER FOR MOBILE MONEY USERS

FREE FUNERAL COVER FOR MOBILE MONEY USERS
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BY KWANELE DHLADHLA on 13/12/2017 08:19:00


MBABANE – Good news is in the wind for Mobile Money (MM) customers.
Old Mutual in collaboration with Swazi MTN will now provide free funeral
insurance cover to Mobile Money subscribers known as Likhandlela Insurance.
Likhandlela Insurance is a funeral assistance payout that helps a nominated
beneficiary with preparations towards the funeral of the policy holder – which
is the MTN Mobile Money customer who would have passed away. Swazi MTN Corporate
Affairs Manager Mandla Luphondvo explained that this was one way through which
Mobile Money subscribers’ could have more value for actively using the
platform to do all kinds of transactions. Luphondvo explained to qualify for
free funeral assistance; you need to send Mobile Money to another subscriber at
least once per month. He said to qualify for a benefit of E500; customers need
to send money once or twice.
When you send money between three to four times, to another Mobile Money
subscriber, you qualify for E1 500 cover. For E2 000 funeral assistance, you
need to have sent money five or more times. Luphondvo clarified that in order to
be part of the Mobile Money subscribers replica watches who stand to get more
value; you need to be registered for MTN Mobile Money. Secondly, you need to
send money through MTN Mobile Money. Finally, he said customers need to opt in
by sending “YES” to 2030. It was emphasised that the final step was the
critical step that gets a Mobile Money subscriber covered for funeral
assistance. The funeral cover would be valid for one month after the Mobile
Money subscriber has undertaken the activity that qualifies him/her.
For instance, if you qualify in December 2017, the insurance cover is valid from
1- 31 January 2018. Further, the nominated beneficiary has up to 12 months to
claim. “This initiative is rolled out at a time when customers need to refrain
from carrying a lot of cash as robberies are widespread during the festive
season. Essentially, this initiative is encouraging Mobile Money subscribers,
who are close to half a million, to transact on the platform and avoid losing
their hard earned cash. The additional incentive is that their relatives stand
to benefit through funeral support. MTN Mobile Money was launched in 2011. Since
its launch, Mobile Money has made it possible for subscribers, both employed and
unemployed, to have access to a payment system,” said Luphondvo.
Besides sending and receiving money, Mobile Money can also be used to pay for
water, electricity, television licence, Swaziland Revenue Authority Tax, MTN
airtime, to mention but a few. Old Mutual Marketing Executive Celiwe Dlamini
said they were ready to hit the ground running through provision of free funeral
cover in partnership with Swazi MTN.