Econetlife launches burial societies promotion

ECONETLIFE, a subsidiary of Econet Wireless Zimbabwe has launched the “Mabhodho Zvakare Promotion” which encourages communities to band together and consolidate their local bereavement support groups into formal burial societies.

The Mabhodho Zvekare Promotion started August 17 and will run until November 11.

EconetLife also offers EcoSure a micro insurance product.

Econet said Mabhodho Zvakare Promotion follows the highly successful Mabhodho Promotion, which the company ran last year.

Apart from targeting burial societies and clubs, the promotion has been expanded to include new and existing individual members.

Econet Wireless chief executive officer Douglas Mboweni said the group’s vision was to transform the lives of customers through the use of technology.

“And so it is in the context of this vision that we developed EcoSure to give our customers unbelievably affordable life premiums from as little as $0,50 per month and to enable them to enjoy the convenience of mobile technology,” said Mr Mboweni.

He said that the company was committed to driving and supporting the financial inclusion and financial literacy agenda, and to push insurance penetration in the country to the highest levels possible.

To qualify and receive a guaranteed prize of utensils, a new club was required to register 100 or more members on the $1 or higher package, and to pay 6-month premiums in advance.

Existing clubs would be required to upgrade their 100 or more members to the $1 or higher package, and pay 6-month premiums in order to be eligible.

An existing club with 100 or more members on the $1 or higher package could receive a prize by simply paying 6-month premiums in advance.