Corporate 24 has partnered Homelink (Pvt) Ltd as an agent to sell medical aid and funeral cover (medi-funeral) packages to Zimbabweans in the Diaspora.
BY Business Reporter
The agreement was signed on Tuesday by Corporate 24 founder and chief executive Mike Joka and Homelink chief executive Stellamaris Chorwira at Corporate 24 head office in Belgravia, Harare.
Speaking at the signing ceremony, Joka said the partnership was aimed at bringing medical services to the doorstep of Zimbabweans domiciled at home and in the Diaspora . “A lot of Zimbabweans have relatives in the Diaspora so we want to afford them an opportunity to cover their relatives back home through this partnership with Homelink,” he said.
“I am excited at the prospects of this partnership and look forward to a long-term relationship with Homelink.
“Not only will this ensure our growth in membership in the Diaspora, but it will also increase the convenience to our clients in accessing services through the numerous Easy Link outlets. Embracing strategic partnership is in our DNA at Corporate 24.” Chorwira said the money transfer agent was happy to be associated with Corporate 24 and getting into partnership where they would offer medical aid and funeral cover to locals and Zimbabweans in the Diaspora.
“Homelink is happy to partner Corporate 24. This synergy can be developed further and we can grow our business together,” she said.
Homelink is a one-stop financial services company that caters for over 45 000 clients every month in the Diaspora through its subsidiary Easy Link, while it has 30 branches across the country.
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Chorwira said clients would apply directly on the Homelink website where they would choose the medical aid package of their choice at a cost between $3 and $50 per month.
After completing the membership forms, Chorwira said the subscriptions could be remitted through Homelink and beneficiaries could start accessing medical services.
Chorwira added that even those visiting Zimbabwe could join the medical aid and would be covered during their stay in the country.
“The most exciting thing about this unique medical and funeral cover is that it caters for those aged over 60, something which is not common in Zimbabwe,” she said.
Last year, Corporate 24 partnered CBZ and launched a similar medical and funeral assurance product.
The product was meant to tap into all market segments, particularly the informal sector. The packages start from $3 (the Star Mini), with the One Star going for $6, while the Two Star goes for $10 and the Three Star and Four Star go for $35 and $50, respectively.
CBZ are the underwriters of the funeral cash payback programme.