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Nyaradzo is the best funeral assurance provider – ZAMPS

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Nyaradzo is the best funeral assurance provider – ZAMPS

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MIRROR REPORTER

HARARE – Nyaradzo Group has maintained its dominance as the leading funeral service provider in the country, according to the latest Zimbabwe All Media and Products Survey (ZAMPS) report for the second half of 2022.
The report was presented at a Harare hotel on June 6, 2023 by Expect Research Insight Chief Executive Officer (CEO) David Rusike Magwaza.
He said Nyaradzo Funeral Services uptake increased by three percent from 59 percent in the second half of 2021 to 62 percent in 2022.
Magwaza said the uptake of funeral services in the country generally increased in the same period from 26 percent in 2021 to 37 percent in the second half 2022.
“The uptake of funeral services in the country has risen by 11% thus from 26% in 2021 to 37% in the second half of 2022.
“We also looked into the usage of funeral services in rural and urban areas, in urban areas the uptake increased from 32% in 2021 to 44% in the second half of 2022. An increase of 10% of the usage of medical aid was also seen in the rural area from 21% in 2021 to 31% in the second half of 2022,” said Magwaza
Econet Group run funeral services provider Ecosure came out second best despite its uptake decreasing by 5 percent from 17 percent in the first half of 2021 to 13 percent in the second half of 2022.
Doves Funeral Services is third with a remarkable nine percent increase from nine percent in the second half of 2021 to 12 percent in the second half of 2022.
Moonlight Funeral Assurance is fourth with a percent increase from five percent in 2021 to six percent in 2022.
First Funeral remained stagnant at two percent and is at position five followed by Kings and Queens which saw a percent increase from one to two percent in the same period.
Recently launched Kingdom Blue came last but realised an impressive two percent uptake.
The report also showed that when settling for a funeral policy individuals looked at the affordability of its premiums, product range, quick claims processing and claims payment reputation to mention a few.

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