The People’s Own Savings Bank (POSB) has joined forces with Zimnat General Insurance to launch a suite of insurance services, marking a significant step in expanding access to essential financial products across Zimbabwe.
Through this newly announced partnership, POSB customers can now access Zimnat’s motor vehicle insurance — both third-party and comprehensive cover — directly through the bank.
The collaboration also enables convenient payments and renewals for ZINARA and ZBC radio licences, streamlining a once-fragmented process into a one-stop banking experience.
Another key offering introduced is the Zimnat Hospital Cash Plan, which provides daily cash payouts to clients during hospitalisation.
Designed to cushion families from the financial strain that comes with medical emergencies, the plan exemplifies the two institutions’ shared commitment to delivering meaningful financial support.
“This partnership with Zimnat General Insurance allows us to provide convenient and accessible insurance solutions, ensuring that our customers can manage their financial needs under one roof,” said Mr. Garainashe Changunda, Chief Executive Officer of POSB.
“We are dedicated to continuously enhancing our service offerings and meeting the ever-evolving needs of our customers.
“As we celebrate our 120th anniversary, we reaffirm our dedication to a customer-centric approach, leveraging partnerships and innovation to rapidly transform customer experiences and continue our legacy of innovation and inclusivity.”
Mrs. Betty Chiware-Togarasei, CEO of Zimnat General Insurance, highlighted the importance of the alliance in extending Zimnat’s reach: “Zimnat is excited to collaborate with POSB, a resilient bank with an extensive network, including in some remote parts of the country, to bring our widely sought-after insurance services to a broader audience.
“This partnership aligns with our mission to empower prosperity and provide innovative and reliable insurance solutions to the people of Zimbabwe. We look forward to a successful and mutually beneficial collaboration that benefits our customers and strengthens our communities.”
The partnership signals a growing trend among financial institutions to integrate banking and insurance services, a move that not only increases convenience for customers but also supports financial inclusion in underserved areas.
More insurance products are reportedly in the pipeline as part of the POSB-Zimnat alliance, promising customers a broader, more accessible suite of services in the near future.
