NICO General and NICO Life have jointly introduced Mzati Motor Insurance, a first of its kind enhancement that seamlessly combines motor insurance with funeral cover, ensuring policyholders and their families receive financial support during life’s unexpected moments.
This enhancement on motor policies is available across Yafewa Third Party, Standard Third Party, and Comprehensive motor insurance policies, offering quick 24-hour payouts and affordable premiums, reinforcing NICO’s commitment to customer-centric innovation and value-driven products.
Speaking on the launch, Donbell Mandala, CEO of NICO General, emphasized the company’s focus on providing meaningful protection to customers beyond just vehicle coverage:
“Insurance should be more than just a mandatory requirement; it should provide real peace of mind. Mzati is our way of ensuring that, in addition to protecting vehicles, we also safeguard our customers and their families in times of need. We have developed this add-on based on our internal insights and prevailing trends, ensuring it provides practical and much needed financial relief.”
Echoing this sentiment, Wise Chigudu, CEO of NICO Life, highlighted the importance of ensuring financial security beyond traditional insurance offerings:
“At NICO Life, we understand that true financial security goes beyond just accumulating wealth, it’s about ensuring that families are protected from unforeseen events. Mzati is a testament to our commitment to providing holistic solutions that genuinely impact lives.”
Customers can easily opt for the Mzati Motor Insurance Add-On when purchasing or renewing their motor insurance, with payouts reaching up to MWK 1.2 million for comprehensive cover holders.
About NICO Group
NICO General and NICO Life are subsidiaries of the NICO Group, Malawi’s leading financial services provider, dedicated to offering reliable and innovative insurance solutions. Through continuous product development and customer engagement, NICO remains at the forefront of providing financial protection and security for all Malawians