A world  first from Vodacom: Insurance through M-pesa!
·        Vodacom Tanzania in partnershipwith Heritage Insurance,launchesFaraja Funeral Benefit and Accidental DeathCover.
·        Customers to purchase insurance plans, and settle premiums through M-Pesa, all completely paperless, and automated
·        Plus FREE cover for customers who transfer money through M-pesa 10 times or more pemonth.\

Dar es Salaam, 3rd October, 2012 … Vodacom’s M-Pesa service has today made history in the telecommunications world through allowing M-Pesa users to buy insurance plans and pay for their premiums through the M-Pesa service, completely electronically.
This follows Vodacom Tanzania’s partnership with Heritage Insurance to launch Faraja Insurance, a funeral benefit policy that pays a cash amount to the nominated beneficiary of theinsured M-pesa user  to assist with funeral expenses. Faraja has various cover options to suitthe needs and the budget  of all M-pesa users.
Vodacom Tanzania’s Managing Director Rene Meza says monthly premiums for Farajarange from as little as Tsh 2000/-per month to Tsh9800/- per month. Benefits, range from Tshs 500,000/- to as much as Tshs 8,000,000/-.
Faraja Insurance gives individuals the optionof changing or upgrading their policies  to those with higher benefits as their needs and budgets change through life.

Vodacom is also offering free cover to M-PESA customers.Meza says, “ All our customers who do at least 10 M-Pesa money transfers in one month , will receive free insurance cover worth Tsh200,000 in the following month”.
“The unique aspect of this service is that there is no paper work required to register for the benefit. A customer  simply dials the M-pesa menu *150*00# and selectsthe “Insurance” option to purchase their preferred  policy. Vodacom is committed to ensuring that all M-pesa customers,can easily access our services anytime, anywhere that is convenient, brining access to insurance to millions of M-pesa customers”Meza says.
Claims will be processed within 72 hours upon provision of the required documentation and will be made directly into the beneficiaries’ M-PESA account .
Meza  goes on to say,” that it is important for customers to confirm that their  details are correct andalso to  understand the terms and conditions of the policy which are available in the Faraja brochures available at the M-PESA agents or on the Vodacom and Heritage web sites.”
Going forward, this partnership will see M-Pesa users enjoying even more insurance products.
For more information on the service, customers can call 0764300001 toll-free anytime or pick a brochure from any M-Pesa agent.