Leading mobile network giant, Econet Wireless today in Harare announced plans to diversify into short term motor vehicle insurance with EcoSure Moovah.
The new service, Ecosure Moovah was officially launched this afternoon (Wednesday 18 July) and the product is likely to bring shockwaves in the industry. Amongst several other services Ecosure Moovah will offer vehicle insurance cover, ZINARA and ZBC licence discs – plus free delivery of insurance cover notes and licence discs to the customers’ premises at no extra cost – all payable directly from the customer’s mobile phone, the company has said.
Speaking at the launch of the product which was attended numerous stakeholders, Econet’s Cassava FinTech Zimbabwe CEO Mr Eddie Chibi said EcoSure Moovah was set to disrupt the short-term insurance industry for the good of motorists through its attractive value proposition.
“This innovation, which follows in the footsteps of our phenomenally successful EcoSure Funeral cover and our existing pioneering, mass market products, is sure to shake the industry for the good of the motoring public,” Mr Chibi said, referring to EcoSure, the company’s popular mobile funeral insurance product, which has so provided cover to over 2 million Zimbabweans.
“Not only will EcoSure Moovah offer choice and flexibility through the option of customers to pay their premiums monthly, but it will also offer incredible value addition through bundled benefits of up to $5.000 at very competitive and affordability premiums,” said the Cassava boss.
He added that customers could elect to collect their documentation from a wide range of outlets, including the nearest Econet Shop, Agent or Steward Bank branch of their choice. “This is why we are saying EcoSure Moovah is truly ‘Your Cover On The Go!’,” Mr Chibi said.
He said motorists would have multiple payment options to renew their vehicle insurance, on their mobile phone via USSD, using a mobile App or on a desktop via the web.
Addressing stakeholders at the colourful ceremony,Insurance and Pension Commission Chairperson Mrs Lynn Mukonoweshuro said innovation by the Econet Group was a welcome development especially at a time when His Excellency the President of Zimbabwe, Emmerson Mnangagwa is emphasizing the urgent to improve the low ranking in terms of ease of doing business.
Cassava FinTech Zimbabwe Chief Commercial Officer Mr Givemore Jojo said EcoSure Moovah will offer unparalleled value and matchless convenience to the motoring public.
“With EcoSure Moovah customers will be able to pay their vehicle insurance cover in monthly installments, over the renewal term of four months and, in addition to that, they will be able to have the payments directly deducted from their EcoCash wallet, for their ease and convenience,”
In a statement released to the public by Econet Insurance the launch of EcoSure Moovah will be a step in the right direction in pursuit of the company’s vision to provide universal insurance cover and offer what it calls “insurance inclusion” for all Zimbabweans.
Customers will be able to collect their documentation from a wide range of outlets, including the nearest Econet Shop, Agent or Steward Bank branch of their choice
To access EcoSure Moovah, all that a motorist needs to do is to dial *901# and follow subsequent instructions.