HARARE – LTB GLOBAL Finance has launched a unique and affordable funeral cash payout benefit cover for Zimbabweans living and working in South Africa.
The product is underwritten by MS Life, a member of the Old Mutual group in South Africa. LTB has also engaged Haponi Risk and Administration services, an experienced independent administrator for its products to ensure efficiency in policy management and claims handling.
LTB says it is growing this product to enable its growing member base to be able to cover parents and extended family beyond South Africa, mostly back in Zimbabwe.
In an interview with the marketing executive, Mildred Mupondi, she said their product had been well received on the market and they continue to look at other tailor-made financial services models for their target market and for adoption on the Zimbabwean market as well.
“Our assurance and insurance products are already on the market and are being received well especially the funeral cover for Zimbabweans in South Africa, as it is affordable, convenient, and has flexible terms.”
“We also have a solid underwriting from MS Life, a member of the Old Mutual group which brings a lot of confidence to our market. LTB has also partnered with other financial products and service industry market leaders to get the product efficiently to the market,” Mupondi said.
She said the company believed that going forward, “Our efficient delivery channels are what will separate us from the rest, bringing transactional efficiency, convenience, affordability and satisfaction to the market”.
Commenting on the company’s outlook, Mupondi said going forward, LTB would partner with established finance entities to bring more convenience to its clients.
“LTB seeks to open up the financial services market to their target market including the unbanked section of their market by giving access to their products, and growing their cross-border trade, product and order finance fund, and of course, go global,” she said.
With a diverse team of financial product engineers, LTB is driven by passion, and only moderated by reason, with uncommon abilities to bring uncommon solutions to its market. LTB has also embraced technology to bring convenience to its clients – be it in contacting LTB, service delivery and value addition to its clients.
As for the origins of LTB, Mupondi said “because at LTB they believe in the power of creative ability and its results, LTB stands for Let There Be, in relation to the first spoken works in creation, ‘Let there be light: and there was light.’ This is also unmistakable in our branded catch phrase ‘uncommon abilities, uncommon solutions”
LTB Global Finance is an authorized Financial Services Provider in South Africa established in 2012, and has committed itself to offering a wide range of financial services, to Zimbabweans living in, working, and or visiting South Africa – and employer and interest groups of Zimbabweans in SA alike. LTB is born out of the realization that the diaspora community was significant, and there was an apparent gap between the financial services that one can access and the tailor-made financial solutions that would be of much benefit and relevance to those in the diaspora. www.ltbglobalfinance.com/funeralcover