Funeral insurance companies join the bandwagon as prices of goods and services skyrocket in Zimbabwe

Funeral insurance companies join the bandwagon as prices of goods and services skyrocket in Zimbabwe

A NEW wave of price increases has seen hard-pressed Zimbabweans grappling with counting the cost of dying. Funeral insurance companies, hit by a failing local currency, have joined the bandwagon by increasing premiums by 100% effective next month. In a notice to its policy holders, Nyaradzo Funeral Assurance Company said it had no choice, but to increase premiums so as to preserve value. "In order to preserve the value of funeral policy benefits, kindly note with effect (from) June 1, funeral policy premiums shall be increased by 100%. We shall communicate the same to all policy holders throug...

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