Malawi’s Reunion Insurance Company excites clients’ assets cover with Chisa Domestic Packages policy
BLANTYRE-(MaraviPost)-One of the country’s fastest growing insurance firm, Reunion Insurance Company Limited has introduced Chisa Domestic package policy “The Insurance Nest” in a bid to cover people’s assets for urban and rural dwellers.
The policy covers motor vehicles, cycles, trailers or caravans (for private usage), personal liability, all risks, pleasure craft, golfers, personal accident.
This is truly a packaged policy conveniently designed with various sections amid increase cases of properties, assets damaged by fire, theft , accidental damage or breakage and among others.
Reunion Insurance Company Limited’s Business Development Manager, Miller John Joshua told The Maravi Post that the policy targets any person owning or renting a private dwelling house.
Joshua disclosed that for customers to qualify the Chisa Domestic Package policy, must ensure that there is cover for either the house or the contents therein, and any additional two section.
“It is believed that the most valuable physical asset that an individual will own is their home and its contents, seconded by a motor vehicle or motor vehicles. Those who live in rented houses or apartments will generally possess furniture and other valuable belongings which can be damaged by fire , theft , accidental damage or breakage et cetera.
“There is therefore a great need for proper insurance cover for such valuable assets. Today’s homes have evolved and require more extensive insurance cover than that offered by the traditional house-owners and holders policies,” he says.
Miller adds, “Malawi has seen the mushrooming of elegant and magnificent private dwelling houses filled with highly valuable items both in rural an urban areas. Motor vehicles have also become part of many homes.
“In the same vein, the losses and damages caused by fire, theft and many other perils have also increased, the aggressive campaign by human rights activists has also made our society more litigious which has increased the demand for legal services and liability compensations. We are also aware that proportionately, more accidents occur at home than any other place”
Joshua concludes; “It is against this background that Reunion Insurance Company came up with the CHISA DOMESTIC PACKAGE POLICY to carter for the needs of both the urban and rural home owners . Apart from covering the private dwelling house/apartment/flat and its contents, the CHISA DOMESTIC PACKAGE POLICY also covers the following: Motor Vehicles, Cycles, Trailers /Caravans (for private usage), Personal liability, All Risks, Pleasure Craft, Golfers, Personal Accident. This is truly a packaged policy conveniently designed with various sections”
Reunion Insurance Company is into 15 years of existence with message of hope to customers of business revival amid Covid-19 threat.
Established on May 3, 2005 as a reputable Malawian General Insurance Company, the firm has a track record of professionalism and efficiency in claims handling, underwriting and all other areas of operations.
Brief of Chisa Domestic Package policy:
WHO CAN BUY CHISADOMESTIC PACKAGED POLICY?
Any person owning or renting a private dwelling house.To qualify for the Chisa Domestic Package policy, please ensure that there is cover for either the house or the contents therein, and any additional two sections.
HOW DO I CLAIM?
To register your loss, damage and/or injury, contact any of our offices spread conveniently across the country or use your agent and/or broker. You can as well call or email through the details as provided at the back of your policy document and this brochure.
WHAT MAKES CHISA UNIQUE AND WHY BUY IT?
There are more compelling reasons as to why you should shift from buying the conventional houseowners/holders and get a Chisa policy instead for the following reasons:
- EXPRESS CLAIMS SETTLEMENT
Losses are not a pleasant occurrence in anybody’s day to day experience. This is why the Chisa Domestic Package policy has been designed with an almost instant claim settlement to ease the stress experienced after a loss (claims payment within 5 days of receipt of signed discharge)
INSTANT TRANSFER OF CLAIM MONEY (ONLINE TRANSFER)
Modern technology allows most transaction to be made online. With the advent of bank transfer facilities available across most banking platforms, we will make use of the same to avoid further delays in payment of claims/ compensation money
INSTANT ACKNOWLEDGEMENT OF CLAIMS UPON NOTIFICATION
We value relationships as well as communication, this is why under the Chisa Packaged policy we will take an almost instant acknowledgement of any loss within 24hrs using all means of communication available to our clientele.(applicable to working days)
ROADSIDE ASSISTANCE AND HELPLINE
With Chisa Domestic Package policy, you are guaranteed a 24/7 helpline as well as a 24/7 recovery service in the event of an accident anywhere in Malawi.
CONVINIENT CLAIMS REPORTING
Life can’t get any better than to know that you can report on any incidences or losses to us online without necessarily coming to our offices. Thus providing the much needed convinence in this day and age.
SPEEDY CLAIM ASSESSMENT.
We value time, hence all Chisa claims have a 72hrs assessment timeline( upon receipt of all necessary documents) to make sure that life gets back to normal faster than later.
CASH BACK FACILITY
It is a known fact that all insured’s are encouraged to behave and take care of their insured property with utmost care. Any such act cannot go un appreciated, that’s why for any claim free period of your Chisa Policy, you will be rewarded with a no claim bonus (through a cash back shopping voucher) at the anniversary of the policy(next renewal date- applicable to non –liability sections)
INDEMNITY BASIS OF INSURANCE
Insurance is all about putting you in the same financial position you were before the occurrence of an unfortunate loss incident(indemnity).
It is advisable that your insured Property or vehicles can be insured under either the agreed Value Basis(convenient for Vintage or vehicles under financing) or Market Value Basis
AGREED VALUE BASIS OF INSURANCE
In the spirit of being flexible and giving our clientele value for money, our Chisa Policy can also be issued under an agreed value basis just to make sure that disagreements don’t arise in the event of total losses suffered for vehicles still under financing or vintage vehicles.
HOTEL ACCOMMODATION IN THE EVENT OF AN ACCIDENT
We plan to make life easier and better even when there is an unfortunate incident. Your Chisa Domestic Package policy has free accommodation limited to K50, 000.00 per occurrence and K100, 000.00 per insurance period for accidents happening 100km away from home.
OWN DAMAGE LOSS OF USE
In the event of motor vehicles insured comprehensively under this policy, the insured has an own damage loss of use benefit of up to MK50,000.00 per event and K100,000.00 per insurance period in respect of car hire charges.
FLEXIBLE AND CONVINIENT PREMIUM PAYMENT
We recognize the hustle that is taken walking to either your broker’s or indeed our offices. That’s why we decided to make life easy for you our customers by allowing you to settle your premiums either in the comfort of your office or home through the various money transfer facilities in use now.
In the event that the private dwelling house you are renting or occupying by reason of an insured loss, we will pay you up to 10% of the total sum insured of the house/householder for alternative accommodation until your premises are habitable again.
To be provided to all clients after suffering from traumatic events i.e. a robbery hold up, a burglary, hijacking etc,
Guests personal effect cover limit refer to policy schedule
Personal accident extended to cover school children while at school campus or being ferried in school bus.
Deceased estate to be compensated following an accident to the family spouse limited to MK200,000.00
HOLE – IN – ONE
If you score a hole in one playing as an amateur in a game of golf in terms of the rules at any of the country’s recognized golf clubs, the company will pay MK50, 000.00 upon receipt of a written confirmation by the club’s secretary or captain.
If any occupant of our insured vehicle sustains bodily injury as a direct result of an accident to the vehicle, we will pay the medical expenses in connection with the injury up to MK50, 000.00 for each occupant injured subject to a limit of K250, 000.00 per event and MK500,000.00 per policy period
If you become legally liable as s tenant and not as owner for the damage to the building of a house and its domestic out buildings (including fixtures and fittings) caused by an insured event .
Accidental damage to fixed sanitary ware of fixed glass ,accidental damage to water, gas sewerage, electricity or telephone connections to the house or outbuildings, the company will pay up to K1,000,000.00 for any one accident or a series of accidents arising out of one event.
If household goods and personal effects excluding money and negotiable instruments not otherwise insured belonging to a guest temporarily residing with you are lost or damaged by an insured event, we will indemnify the guest up to a limit of K100, 000.00
DOMESTIC STAFF’S PROPERTY
Household goods and personal effects excluding money and negotiable instruments belonging to your domestic are lost or damaged in the dwelling by an insured event; we will indemnify the domestic staff up to MK100, 000.00 in respect of any one claim.
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