Econet boosts  Ecosure payouts

Econet boosts Ecosure payouts

MASERU – ECONET in partnership with the Lesotho National Life Assurance Company launched an improved bouquet of Ecosure products yesterday.
According to Dennis Plaatjies, the Econet CEO, the improved product Ecosure called Re Bolokehile is a result or requests and suggestions from customers.

Previously Ecosure Mpolokeng, which was launched in 2013, offered individuals’ access to a funeral policy however, the policy did not extend to their families.
The revamped Re Bolokehile allows customers to cover their families, dependents or even sponsor other individuals under one Simcard.
“One does not need to use a different Simcard to insure their loved ones like previously. With just one Simcard everyone is covered,” Plaatjies said.

Although monthly subscriptions per head have increased Re Bolokehile also offers clients an improved funeral pay-out.
With as little as M15 per month a member gets M10 000 whereas previously clients paid a monthly subscription of M9 for a M2500 funeral cover.
“We heard our clients’ concerns and understood that indeed due to economic conditions M2 500 does not go far due to the costly nature of funerals hence we now offer M10 000 for a monthly subscription of M15,” the Acting Head of Econet Services, ’Makatleho Raphoolo, said.
The maximum cover is M50 000 for a monthly subscription of M75.

Another improvement is that subscribers can now choose to pay their subscriptions in advance to avoid missing payments that lead to policies lapsing.
Raphoolo said that these improvements are the beginning of many more to come.
“The idea is to keep improving the product and enhance value for our customer, that has always been the spirit of Econet, to change lives,”
Raphoolo said.

Ralitapole Letsoela, the Lesotho National Insurance Group (LNIG) CEO, said that they together with Econet will continue to introduce innovative products that will answer various needs of customers.
He said that technology is a driving force and the future, as a result it is critical to come up with products that are aligned to market changes.

Staff Reporter


Previous 500 jobs under threat
Next More charges for Kamoli

Warning: count(): Parameter must be an array or an object that implements Countable in /home/thepostc/public_html/wp-content/themes/trendyblog-theme/includes/single/post-tags-categories.php on line 7

About author

You might also like

Local News

Four arrested over illegal diamonds

MASERU – Four men, including a police officer and a soldier, were arrested on Tuesday for allegedly trying to sell illegal diamonds worth about M250 000 in Ha-Thetsane. Police spokesperson Superintendent

Local News

Tackling the problem of stunted growth

ROMA-LESOTHO’S babies must be celebrating! Their food, which is ready for the market is called “khuisa” – a Sesotho word for weaning. The baby food has been four years in


Chinese embassy donates M4 million to Lesotho

Rose Moremoholo MASERU – THE Chinese Embassy yesterday donated M4 million towards the commemoration of Lesotho’s 50th independence anniversary to be held on October 4. The Chinese community living in