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The Insurance and Pensions Commission (IPEC) has directed that with effect from 1 July 2023, subscribers of funeral policies will now pay premiums amounting to US$6 000, or the equivalent in local currency, before their policies are deemed fully paid up.
This brings to an end all forms of perpetual premium payments by funeral policyholders.
The new regulations also mean that most premium funeral policy payouts will not exceed the US$6 000 ceiling. The directive reads in part:
<blockquote>
Each funeral policy covering a single life shall be limited to a maximum sum assured not exceeding an amount of US$6 000 or the Zimbabwe dollar equivalent using the prevailing interbank exchange rate.
</blockquote>
IPEC has also directed all underwriters providing funeral assurance products to comply with Section 60 (1) (a) and (b) of the Insurance Act (Chapter 24:07), with regard to grace periods allowed before a policy lapses.
In terms of Section 60 of the Insurance Act, grace periods for funeral policies range from six months (for policies in duration of force of five years or over and less than seven years) to 60 months (for policies in duration of force of 25 years or over). IPEC said:
<blockquote>
Where a policyholder has continuously paid premiums for an existing secondary policy and met all the terms and conditions of the policy, he/she is entitled to cash in lieu of service that is equivalent to the sum assured of the policy.
… Going forward, all annually renewable policies will have a limit of three years after which they become long-term policies with a maturity date and shall have a term not exceeding 25 years from the date of conversion from an annually renewable policy to a long-term policy.
The policy shall mature at the end of the premium paying term.
</blockquote>
The new regulations follow complaints by policyholders over the design of local funeral policy products and practices of funeral assurers.
Some of the issues raised by aggrieved policyholders include the design and sale of products and services (for example, funeral policies that do not mature), delays in settling valid claims, and high penalties for policy terminations, among others.
More: <a href="https://zero.pindula.co.zw/">Pindula News</a>

Pindula News

Reprieve For Funeral Policyholders As IPEC Announces New Regulations

Nyaradzo Group CEO Philip Mataranyika said that the funeral insurer will not take legal action against individuals who used social media platforms to spread false information about the company’s operations.
A few months ago, Nyaradzo was a victim of a social media campaign where it was accused of profiteering at the expense of clients.
The activist behind the campaign Alistar Nyamarari Chibanda has since retracted his allegations and apologised to Nyaradzo, claiming he was fed false information.
Speaking in a recent interview with The Standard, Mataranyika said the episode enabled the company to identify some information gaps that it was now addressing. He said:
<blockquote>
When the recent debates on social media and elsewhere started, we took time to listen to what was being said, noting what we felt were genuine concerns while sifting through what we felt were sentiments entirely aimed at hurting the brand.
Nyaradzo has always been the one friend you can count on during life’s most trying times.
As a brand, we are committed to our clients with whom we have walked through difficult times.
As such, we were humbled to see many people from different walks of life, our clients included, defend the brand and show how much they know about our products and services.
We also identified some information gaps, which we are now working on plugging.
There were many learning points regarding the needs of the Nyaradzo client of today.
We also took advantage of the increased publicity to reach out to existing and potential clients to whom we reaffirmed our commitment to being at their service at all times.
… this particular incident seems to have been orchestrated by those with little knowledge about the workings of insurance.
Instead of bashing them in return, we will go out to educate them, so they are better informed.
</blockquote>
Mataranyika said people who retracted their allegations and apologised may have themselves been victims of false information, hence no legal action will be taken against them. Said Mataranyika:
<blockquote>
We knew even as this started and spread that once they had access to correct information and if they are decent beings, the natural response would be to apologise and retract, which is what they did.
We are not pursuing any legal action against them; on the contrary, we have warmly welcomed a significant number of them into the Sahwira family.
Nyaradzo’s doors remain open to everyone who wants an all-weather friend, regardless of background.
</blockquote>
| <a href="https://www.newsday.co.zw/thestandard/business/article/200005457/interview-nyaradzo-group-ceo-opens-up-on-smear-campaign-state-of-insurance-industry">The Standard</a>

"Nyaradzo Will Not Take Legal Action Against Slanderers"

Nyaradzo Life Assurance Company has set a target to plant 500 million trees by 2026 to replenish forests and protect the environment.
The diversified insurance group has partnered with the Friends of The Environment (FOTE) initiative to carry out tree-planting activities that comprise walkathons.
FOTE has established tree nurseries throughout the country to support the 500 million walkathon tree planting programme.
Scores of people recently walked 20km from Hwange town to Lukosi Secondary School to raise awareness about the need to plant trees.
They planted 50 trees at Lukosi Secondary School as part of Nyaradzo’s corporate social responsibility programmes.
The walkathon was part of activities for National Tree Planting Day which falls annually on the first Saturday of December.
Nyaradzo Hwange manager Kennedy Dube who was representing FOTE said:
<blockquote>
We started with a walk from Hwange town to Lukosi about 20km away where we planted 50 trees and as friends of the environment, we appreciate what the community has done.
Our target of planting 500 million trees by the year 2026 will come to fruition and activities are happening across the country.
</blockquote>
Other stakeholders that took part included the Forestry Commission and Zimbabwe Parks and Wildlife Management Authority. | <a href="https://www.chronicle.co.zw/500-million-trees-by-2026-nyaradzo-joins-fight-to-restore-the-environment/">Chronicle</a>

Nyaradzo Targets Planting 500 Million Trees By 2026

Social media activist Alistar Nyamarari Chibanda who recently claimed that Nyaradzo Funeral Services group was profiteering at the expense of its clients has apologised to the end-of-life company and deleted his controversial posts on Twitter posts.
Chibanda on Tuesday used his Twitter page to apologise to Nyaradzo saying he had been misled by people who came to his inbox accusing the company of various misdemeanours. He said:
<blockquote>
We regret there are people who invaded my inbox with comments against Nyaradzo Group with unfounded malicious allegations of business malpractices that are not factual.
I have gone through the tweets and l realised that the comments I made were factually incorrect and defaming.
I did not intend to tarnish or damage the CEO’s good name, or the good name of Nyaradzo Group company.
I would like to sincerely apologise for my actions and the tweets have since been removed from my Twitter handle.
</blockquote>
Among the accusations made against Nyaradzo, were claims that the company’s funeral policies did not mature while policyholders were also not getting any cashback as per policy terms.
This ignited debate on social media platforms and the Insurance and Pensions Commission (IPEC) eventually got involved and pledged to engage funeral assurers over the issues that were raised.
Last month, Chibanda also issued an apology to National Social Security Authority (NSSA) general manager Arthur Manase after accusing him of corruption.
Early this month, <a href="https://zero.pindula.co.zw/nyaradzo-confronts-client-over-facebook-post-on-policy/">one Farai Paruwani apologised to Nyaradzo after he had claimed that the company had rejected a claim on his policy following the death of his son.</a>
He alleged that he was paying US$19.80 per month for 15 years but only defaulted 3 months within which his son died. He said Nyaradzo refused to bury his son.
Nyaradzo then got in touch with Paruwani requesting that he furnishes them with evidence supporting his claims.
Paruwani apologised to the company, saying said he had made an error. | <a href="https://www.zimlive.com/2022/11/social-media-activist-makes-u-turn-apologises-for-demonising-nyaradzo/">ZimLive</a>

Social Media Activist Apologises For Leading Campaign Against Nyaradzo

The Insurance and Pensions Commission (IPEC, the statutory body regulating the insurance and pensions business in Zimbabwe, says it has taken note of the grievances that have been raised by the public regarding funeral assurance products’ design and pricing.
IPEC said they were already talking with the industry on the need for changes to product design and broader industry reform.
There has been debate on social media platforms in recent days about Nyaradzo Group’s funeral benefits, with some commentators accusing the end-of-life industry firm of fraud.
Nyaradzo has been accused of ripping off its clients by revoking policies if the assured fails to pay subscriptions for three months when they will have been paying them consistently for three decades.
In a statement seen by Pindula News, IPEC said it is seized with the concerns raised by the public and will update stakeholders on the outcome of its ongoing engagement with funeral assurers. Reads the statement:
<blockquote>
The Insurance and Pensions Commission (IPEC) has taken note of ongoing discussions on social media, regarding funeral assurance products and pricing in Zimbabwe.
IPEC acknowledges the concerns that have been raised by the public on the matter and wish to advise that prior to the current discussions on the matter, IPEC, in line with its mandate of protecting the interests of policyholders, was already in engagement with funeral assurers through their association Zimbabwe Association of Funeral Assurers (ZAFA) on these and other issues.
These engagements, which also centre around product design and pricing, are expected to culminate in reforms that will ensure the vibrancy and sustainability of the sector and the protection of policyholder interests.
IPEC will update stakeholders on the progress regarding this exercise.
</blockquote>
IPEC said policyholders with complaints against any of IPEC’s regulated entities, can raise their complaints with IPEC using the contact details below:
HEAD OFFICE- 160 Rhodesville Ave, Greendale, Harare, Zimbabwe +263 (242) 443358/59/61 1443322 1444033 +263 772 154 281-4
COMPLAINTS HANDLING OFFICE HARARE-Kingstons House, Cnr Leopold Takawira/Kwame Nkrumah Avenue, Harare, Zimbabwe
+263 (242) 749491/94
COMPLAINTS HANDLING OFFICE BULAWAYO- Office Number 18, Bulawayo Centre, Cnr Joshua Nkomo Street &amp; 9th Ave, Bulawayo, Zimbabwe +263 (292) 261 822
WhatsApp No: +263772154281
Email: enquiry@ipec.co.zw
Website: www.ipec.co.zw

Insurance Regulator Wades Into Debate On “End-of-life Industry” After Nyaradzo Is Accused Of Fraud

Nyaradzo Group founder and Chief Executive Officer Philip Mataranyika has responded to the debate around the company’s funeral benefits.
Posting on his Facebook page, Mataranyika sought to explain that the company was not giving its clients a raw deal. He wrote:
<blockquote>
Just to give perspective to the discussion that has been raging on social media for the past few hours.
I would like to let the public know that we have policies that mature and those that do not because for two reasons, pricing and flexibility.
Over the years, we have had policies that mature and could cover only principal members.
Because we are an organisation that cares about and understands the African and Zimbabwean culture we introduced a new generation of policies that were flexible and affordable. 
The first of those policies was the six-pack whose highest premium for all six is US$57. Because clients saw value in a policy transaction that covered six members of the family including parents from both sides, they opted out of the traditional policies that mature and migrated to the six-pack plan.
The traditional policies almost died as fewer and fewer people signed up for them, but we have kept them on our books. Let me take this opportunity to work out the possible scenarios.
With our six-pack plan, which covers six people of any age the highest premium is US$57 per month. Let’s work it out together so you see what this means. $57×12=$684. Multiply that by say 20 years which is $13680.
Now among those that can be covered under the six-pack plan are parents of both spouses, four of them who may all be above the age of 70 and may die within the twenty-year period.
Assuming the cost of funeral services for each is about US$10000. Multiply that by 4 which gives you US$40000 and you still have the husband and wife to go.
Assuming they both die within the twenty-year period, the cost of service provision goes up to US$60000.
Even if you say the cost of service provision for each of them is US$5000 the total cost of service provision for all is US$30000 in the event they die within the twenty-year period which is a possibility.
That is still more than double the total premium of twenty years. Tell me why anyone thinks we are out to give clients a raw deal.
Even if we work it out at US$4000 per person, the cost of service provision at US$24000 for all four is still more than the total premiums paid.
Remember also that children of the principal member are covered for free and could also die as death doesn’t come only to the aged.
</blockquote>

Nyaradzo Group Boss, Philip Mataranyika, Responds To Debate Around Company's Funeral Benefits

Nyaradzo Group has defended funeral assurance policies saying they allow bereaved families to give their departed loved ones decent burials without hassles.
Nyaradzo Group, which is one of the major players in the end-of-life industry, was responding to posts on social media accusing insurance companies of ripping off their clients. The company said:
<blockquote>
We are aware of the posts doing rounds on social media concerning the purported absurdity of funeral cover and insurers’ dishonesty and would like to assert that the claims made therein are as untrue as they are misleading.
Funeral assurance policies have for generations helped give decency to our dear departed without hassle.
Whereas in the past, families not only had to deal with the pain of loss, but the logistical nightmare of arranging the funeral of a loved one, often with little or no resources – today, families now have a chance to celebrate the life of their loved ones and carry out a seamless send-off, thanks to funeral assurance products.
We are happy to engage in more meaningful discussions and debates regarding the importance and factual technicalities of funeral cover and look forward to sharing more about our products and services.
</blockquote>
Nyaradzo did not get into details on the alleged social media posts but one <a href="https://twitter.com/alistarchibanda/status/1582443150362423296">Alistar Nyamarai Chibanda</a> recently criticised insurers for “scamming” the insured.
Posting on her Twitter page on 18 October 2022, Chibanda, said it was unfair for Nyaradzo to revoke the insured’s policy for failing to pay subscriptions for three months when they will have been paying them consistently for three decades. She wrote:
<blockquote>
Nyaradzo Funeral cover monthly premium is ZWL$12 771,15 =US$20.57 *Per year: US20.57 ×12 =US$246.84 *Per 30years: US$246.84 ×30= US$7405.20.
If u died: coffin US$300, fuel US$500 Nyaradzo will use US$800 to bury u but iwe wakavapa US$7400 zvoreva kuti wabirwa US$6600 cash!
Ukasabhadhara subs for 3 months &amp; then wofa, zvatovharana havakuvige. Am not saying don’t stop paying Nyaradzo. Some are comfortable nazvo… so continue.
But chandoziva ini hakuna munhu akafa akasavigwa, policy or no policy unovigwa chete. Burial society iri nani pane policy!
</blockquote>
Chibanda was not amused by the statement issued by Nyaradzo saying the company avoided directly responding to issues she had raised. <a href="https://twitter.com/alistarchibanda/status/1582959611879256064">She said:</a>
<blockquote>
Instead of answering the questions, Nyaradzo Group put an arrogant and pompous response. It would have been wise for Nyaradzo Group to answer the questions raised i.e cashbacks, policy maturity &amp; that 3-months lapse issue. Address those than saying its untrue. What’s untrue?
Nyaradzo Group statement is empty. It did not address the problem or the absurd claims that they’re refusing to bury people who have defaulted premiums for 3months.
They simply said it is not true. What’s not true; Is Nyaradzo burying people who have not paid their premiums for 3-months?
</blockquote>

Nyaradzo Group Defends "End-of-life Industry" After Criticism On Social Media

Nyaradzo Group has dismissed as fake a news a report claiming the company repatriated the wrong body allegedly resulting in a botched burial.
In a statement, Nyaradzo Group described the report as false and malicious, adding that they were consulting with their legal advisors on the way forward.
Pindula News is publishing the public statement issued by Nyaradzo Group on the matter:
<blockquote>
It has come to our attention that an online article published on hararelive.com by a certain Mariko John on June 2 2022, and other online publications, contains unfounded and untrue allegations about wrong body repatriation allegedly carried out by ourselves.
It goes on to say that our organization has done this before, and the writer alleges that the information contained therein came from a reliable source.
The writer makes no mention of neither the affected clients’ names nor the date when the incident/s occurred. In addition, the sources in the story are unnamed.
Nyaradzo Funeral Services does not have an Operations Director, who is mentioned in the false and malicious article.
By issuing this statement, we rebut any such claims and assert that they are false and unfounded.
We are also aware of another story, complete with a picture of our branded vehicle and buildings, wherein the headline speaks of a Nyaradzo boob involving a botched burial, yet the context speaks of an incident relating to an entirely different funeral services provider.
We perceive deliberate malice and we are consulting with legal advisors on this undue negative portrayal of our brand.
We note with serious and growing concern, the prevalence of unethical practices in the name of journalism, wherein individuals and some online publications circulate falsehoods as fact.
We would like to reassure members of the public that we remain committed and intentional about providing professional end-of-life services.
</blockquote>
<h4>More: <a href="https://news.pindula.co.zw/">Pindula News</a></h4>

Nyaradzo Refutes Wrong Body Repatriation Report

The family of a deceased 46-year-old woman is demanding answers from Nyaradzo Funeral Services after her body was found with a sliced lip and disfigured nose.
The deceased woman, Patricia Mhizha (46), of Zvishavane, died last Saturday.
Mhizha’s burial was delayed after her family realised, upon collection of her body from Nyaradzo, that it had a sliced lower lip and a disfigured nose.
Patricia’s twin brother, Patrick Mhizha, told ZimLive that his sister had battled heart disease for 14 years until her death. He said:
<blockquote>
They cut her lip off and it’s sad because I’m the one who attended to my sister when she died.
We identified her and her body was intact before Nyaradzo took her remains to Harare. 
Nyaradzo called us on Sunday informing us that the body had arrived safely and that we should bring blankets and clothes for the dressing.
On Monday this week, at the Nyaradzo Herbert Chitepo branch, I was asked to verify an unusual defect on the corpse after my cousins had gone in first.
I was shocked to see my sister had her lip cut off and nose disfigured.
I asked them about it and the driver who took the body from Zvishavane denied knowing anything saying the corpse was transported in that state.
</blockquote>
Zimbabwe Republic Police (ZRP) spokesperson, Assistant Commissioner, Paul Nyathi, confirmed receipt of a report from the bereaved family. He said:
<blockquote>
The Zimbabwe Republic Police has received a report involving a corpse at a funeral parlour, which is currently under investigation.
As police, we are appealing to members of the public and the media to allow the current enquiry process to proceed smoothly before meeting any conclusion.
</blockquote>
Meanwhile, Nyaradzo Group released a statement on Tuesday saying the body was referred into its care from a hospital mortuary in Zvishavane on Sunday. Read the statement:
<blockquote>
On the 15th day of May 2022, we transferred into our care, from a Government hospital mortuary in Zvishavane, the body of one female deceased who had passed on at a private medical centre in Zvishavane, albeit with lower lip and nose lacerations.
Collaborative efforts are underway between ourselves, her family, the place of initial care, the police as well as the forensic pathology unit to ascertain the facts of this.
We would like to reassure our clients, and the public at large, that we appreciate their concern wherein such sensitive matters occur, and affirm our commitment to following all procedural requirements applicable to issues of this nature, to the satisfaction of all parties concerned.
We remain committed to providing professional end-of-life services, attending to each and every client’s needs in order to ensure a dignified send-off for our dear departed.
</blockquote>
<h4>More: <a href="https://www.zimlive.com/2022/05/18/police-probe-as-family-fumes-over-body-with-lip-missing-at-nyaradzo/">ZimLive</a>; <a href="https://www.hmetro.co.zw/body-with-sliced-lip-disfigured-nose-at-leading-funeral-parlour/">H-Metro</a></h4>

Police Investigate Body With Sliced Lip, Disfigured Nose At Nyaradzo

Pindula has introduced one of the easiest ways to pay for one’s Nyaradzo monthly premiums.
The Pindula App, which can be used even when one doesn’t have data, allows Nyaradzo policyholders to pay for their premiums using EcoCash.
Now policy-holders can just download the Android app, and make their payments preventing the risk of ever lapsing.
The payment can be done in just a few steps:
<ol>
<li>Download the Pindula app on the <a href="https://play.google.com/store/apps/details?id=co.zw.pindula.news&amp;hl=en&amp;gl=US">Play Store using this link</a>. 
You can also download the APK directly here: <a href="https://freedata.pindula.co.zw/media/apps/apks/app-release.apk">https://freedata.pindula.co.zw/media/apps/apks/app-release.apk</a>
</li>
<li>Once you have installed the app, open it and click on the “Airtime &amp; Bills” option at the bottom of the screen
<img alt="" class="alignnone wp-image-219396" decoding="async" height="786" loading="lazy" sizes="(max-width: 356px) 100vw, 356px" src="https://t792ae.c2.acecdn.net/wp-content/uploads/2021/11/Pindula-App-homepage-1.jpg" srcset="https://news.pindula.co.zw/wp-content/uploads/2021/11/Pindula-App-homepage-1.jpg 438w, https://news.pindula.co.zw/wp-content/uploads/2021/11/Pindula-App-homepage-1-136x300.jpg 136w" width="356"/>
</li>
<li> You can then click on the Nyaradzo button
<img alt="" class="alignnone wp-image-219395" decoding="async" height="798" loading="lazy" sizes="(max-width: 359px) 100vw, 359px" src="https://t792ae.c2.acecdn.net/wp-content/uploads/2021/11/Pindula-App-Nyaradzo-Payments-1.png" srcset="https://news.pindula.co.zw/wp-content/uploads/2021/11/Pindula-App-Nyaradzo-Payments-1.png 437w, https://news.pindula.co.zw/wp-content/uploads/2021/11/Pindula-App-Nyaradzo-Payments-1-135x300.png 135w" width="359"/></li>
<li>You can then your policy details:
<img alt="" class="alignnone wp-image-219397" decoding="async" height="804" loading="lazy" sizes="(max-width: 362px) 100vw, 362px" src="https://t792ae.c2.acecdn.net/wp-content/uploads/2021/11/Enter-Nyaradzo-policy-premium.jpg" srcset="https://news.pindula.co.zw/wp-content/uploads/2021/11/Enter-Nyaradzo-policy-premium.jpg 720w, https://news.pindula.co.zw/wp-content/uploads/2021/11/Enter-Nyaradzo-policy-premium-135x300.jpg 135w, https://news.pindula.co.zw/wp-content/uploads/2021/11/Enter-Nyaradzo-policy-premium-461x1024.jpg 461w, https://news.pindula.co.zw/wp-content/uploads/2021/11/Enter-Nyaradzo-policy-premium-691x1536.jpg 691w" width="362"/>

</li>
<li>Next, you click on “Pay Nyaradzo” to make the payment with EcoCash.</li>
</ol>
 
The payment will be effected immediately, saving you the time you would have spent physically visiting a branch to make a payment.
Pindula makes this possible as part of Techzim

Pindula Introduces Payments for Nyaradzo Monthly Premiums

Nyaradzo Group Chief Executive Officer Philip Mataranyika has pleaded with members of the public to be patient when tempted to be harsh with service providers where service delivery could be slow.
In a recorded six-minute video message, Mataranyika said that the many deaths as a result of COVID-19 had put the end of life industry under immense pressure causing delays all round. He said:
<blockquote>
Before we become harsh and angry, we must remember that our service providers are human beings who themselves are susceptible to the virus also.
They, too, have family and relatives who may have died but some of them will be at work because it’s their calling even when they were down only recently and rush back to work to serve.
</blockquote>
He also explained that because of so many deaths, body swops may be made but this was never deliberate. Said Mataranyika:
<blockquote>
Fellow countrymen and women, I want you to know that this is not deliberate. Don’t we all make mistakes?
If we do, why do we think the mistake by someone working in the end of life industry, especially in a pandemic situation is unforgiven? I know Zimbabweans to be tolerant and loving.
As we plead to you, for your love and tolerance, we pray to do all we can to lay our loved ones to rest in dignity and with respect.
</blockquote>
Mataranyika said they were grateful that Zimbabwe has not yet reached a point where burials of the COVID-19 dead have been done in mass graves. He said:
<blockquote>
We saw this, for example in 2020, when the US resorted to mass graves for the burial of their Covid-19 dead.
In April 2021, we witnessed India’s worst wave of the spread of COVID-19 and they, too, buried their dead in mass graves.
Thankfully in Zimbabwe, we have not yet reached that stage, but let us not be complacent. The future is uncertain and we could very well get to that stage.
Because we are still burying our dead the way we are and we have always done, I humbly ask you to be patient as we continue to give our loved ones the dignified burials they deserve, which we had grown to know and appreciate.
</blockquote>
<h4>More: <a href="https://www.herald.co.zw/mr-mataranyika-pleads-for-zimbabweans-to-observe-covid-19-regulations/">The Herald</a></h4>

Nyaradzo Group CEO Mataranyika Speaks On Delays, Body Swops

The end of life industry is under immense pressure due to surging COVID-19 deaths which are causing delays all round.
In a recorded six-minute video message, Nyaradzo Group Chief Executive Officer Philip Mataranyika made an emotional plea asking Zimbabweans to observe COVID-19 regulations and be spared of the pain and agony of sickness and death.
Mataranyika urged his compatriots to continue to wear face masks, practice social distancing, washing hands frequently with soap and clean running water and most importantly get vaccinated. He said:
<blockquote>
Our hospitals are full of the sick, our morgues full of the dead. Our colleagues on the frontline in the health sector are doing all they can to save lives and sometimes their efforts are not rewarded resulting in lost lives and this has happened on many occasions too numerous to mention.
</blockquote>
Mataranyika said each times deaths occurred, morgues have borne the brunt resulting in delays. He said:
<blockquote>
Removal of our dead to the custody of our end of life service providers has been slow. Where ordinarily they took a couple of minutes, delays have been up to hours in some cases in recent times.
The burial of our loved ones has been delayed in some cases by a day or two. In other cases, we have not been given definite burial times all because of the pressure the service providers have been experiencing.
</blockquote>
Matarinyaka also said before the onset of the pandemic, which his organisation knew was coming, they made preparations that include but not limited to increasing the fleet size of both hearses and buses. He said:
<blockquote>
We doubled the mortuary capacity and hired more people. All this has in some cases fallen short and may continue to do so as many of our countrymen and women succumb to this cruel virus.
</blockquote>
<h4>More: <a href="https://www.herald.co.zw/mr-mataranyika-pleads-for-zimbabweans-to-observe-covid-19-regulations/">The Herald</a></h4>

Nyaradzo CEO Pleads For Observance Of COVID-19 Regulations

Nyaradzo Group through Sahwira Agriculture (Sahwira) is in the market to raise US$20 million amid plans to expand its commercial agriculture operations, reported Business Weekly.
Sahwira is a corporate vehicle set up by the Nyaradzo Group to invest in large-scale commercial crop production with emphasis on the staple cereals maize and wheat.
The capital raise initiative is among a 2021 list of projects that have been approved for prescribed asset status.
Business Weekly reported sources as saying Sahwira aims to occupy an important position in the food production matrix of Zimbabwe and the region.
Sahwira is said to be currently operating farms with a combined hectarage of 2 000 but is planning to add more farms to achieve economies of scale.
The company’s business model is biased towards high-value production of export crops.
The Nyaradzo Group’s venture into agriculture comes in a year it is celebrating its 20th anniversary.
Since its establishment in 2001 as a Nyaradzo Funeral Services, the Group has since incorporated several other units under its ambit which include:
<ul>
<li>Nyaradzo Life Assurance Company</li>
<li>Calundike Exports</li>
<li>Eureka Insurance Brokers</li>
<li>Sahwira Events and Lifestyle</li>
<li>Sahwira Bureau De Change</li>
<li>Nyaradzo Asset Management</li>
<li>Sahwira Agriculture.</li>
</ul>
<h4>More: <a href="https://www.ebusinessweekly.co.zw/nyaradzo-diversifies-into-agriculture/">Business Weekly</a></h4>

Nyaradzo Group Diversifies Into Agriculture

Nyaradzo Funeral Company says it is postponing a planned increase in premiums that was supposed to come into effect on 1 May 2020, until further notice.
In a statement, the company said the decision was made in view of the financial vulnerabilities facing its clients that have been triggered by the coronavirus pandemic. The statement read:
<blockquote>As part of measures to complement Government efforts to contain the spread of the COVID-19 pandemic across the whole country and the financial vulnerabilities this pandemic has caused on our clients, Nyaradzo Life Assurance Company would like to advise our valued clients that the implementation of the premium adjustment scheduled for 1 May 2020 has been deferred until further notice. We thank you for your continued support.</blockquote>
The company recently announced that it was<a href="https://news.pindula.co.zw/2020/04/01/nyaradzo-funeral-services-suspends-services-with-immediate-effect/" rel="noopener noreferrer" target="_blank"> suspending some of its services</a> due to the outbreak of the novel coronavirus.
Services including removal of bodies from homes and bus service for mourners were among those affected.
<img alt="Image" decoding="async" src="https://pbs.twimg.com/media/EU1QOObXYAMuXul?format=jpg&amp;name=medium"/>

Nyaradzo Postpones May 2020 Premium Increase

Nyaradzo has lamented high operating costs fueled by a deteriorating economy and lack of foreign currency which has resulted in them increasing their premiums.  The current economic crisis characterised by low wages and salaries is affecting the smooth flow of business at the Life Funeral insurance company.
Nyaradzo Group CEO Mr P Mataranyika explained why they had to increase their prices  to NewZimbabwe:
<blockquote>In January, we were buying fuel at $1.20 per litre but currently the prices have gone up ten times. There have been increases on the exchange rates on the foreign currency market and these dynamics have severely impacted on our operations prompting price adjustments</blockquote>
Mr Mataranyika, however, said these price increases are not even adequate to cover the cost they are incurring on a day to day basis. With effect from 1 October 2019, charges will range between $55 and $78 per individual.
More: <a href="https://www.newzimbabwe.com/nyaradzo-bemoans-high-operating-costs/">NewZimbabwe</a>

Nyaradzo Laments High Operating Costs As They Hike Their Premiums

Nyaradzo Funeral Assurance Services (Sahwira Mukuru) set up a relief camp in Chimanimani equipped with tents, beds, lights, chairs and toilets to accommodate some of those who were affected by Tropical Cyclone Idai. They are working alongside doctors other organisations to deliver a stronger combined effort.
<img alt="" class="aligncenter wp-image-84944 size-full" decoding="async" height="576" loading="lazy" sizes="(max-width: 1024px) 100vw, 1024px" src="https://t792ae.c2.acecdn.net/wp-content/uploads/2019/03/Sahwira-1.jpg" srcset="https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-1.jpg 1024w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-1-300x169.jpg 300w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-1-768x432.jpg 768w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-1-600x338.jpg 600w" width="1024"/> <img alt="" class="aligncenter wp-image-84945 size-full" decoding="async" height="576" loading="lazy" sizes="(max-width: 1024px) 100vw, 1024px" src="https://t792ae.c2.acecdn.net/wp-content/uploads/2019/03/Sahwira-2.jpg" srcset="https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-2.jpg 1024w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-2-300x169.jpg 300w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-2-768x432.jpg 768w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-2-600x338.jpg 600w" width="1024"/> <img alt="" class="aligncenter wp-image-84946 size-full" decoding="async" height="576" loading="lazy" sizes="(max-width: 1024px) 100vw, 1024px" src="https://t792ae.c2.acecdn.net/wp-content/uploads/2019/03/Sahwira-3.jpg" srcset="https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-3.jpg 1024w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-3-300x169.jpg 300w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-3-768x432.jpg 768w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-3-600x338.jpg 600w" width="1024"/> <img alt="" class="aligncenter wp-image-84947 size-full" decoding="async" height="576" loading="lazy" sizes="(max-width: 1024px) 100vw, 1024px" src="https://t792ae.c2.acecdn.net/wp-content/uploads/2019/03/Sahwira-4.jpg" srcset="https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-4.jpg 1024w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-4-300x169.jpg 300w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-4-768x432.jpg 768w, https://news.pindula.co.zw/wp-content/uploads/2019/03/Sahwira-4-600x338.jpg 600w" width="1024"/>
<h3>Related:</h3>
<ul>
<li class="entry-title">
<h3><a href="https://news.pindula.co.zw/2019/03/21/nyaradzo-to-assist-cyclone-idai-victims-with-burials/" rel="noopener" target="_blank">Nyaradzo To Assist Cyclone Idai Victims With Burials</a></h3>
</li>
<li class="entry-title">
<h3><a href="https://news.pindula.co.zw/2019/03/20/cyclone-idai-victims-buried-in-tomato-box-caskets/" rel="noopener" target="_blank">Cyclone Idai Victims Buried In ‘Tomato-box’ Caskets</a></h3>
</li>
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PICTURES: Nyaradzo Set Up Relief Camp In Chimanimani For Cyclone Idai Relief

Nyaradzo Funeral Assurance Company has deployed a team in Manicaland with equipment to accord relief and services to the survivors and ensure decent burials of the deceased.
The move by Nyaradzo follows unconfirmed reports that Cyclone Idai victims are being buried in tomato box caskets.
Nyaradzo Funeral Assurance Company released a statement on Wednesday which reads as follows:
<blockquote>Our prayers and thoughts go out to all who have lost loved ones and those who have been made homeless. Nyaradzo has deployed staff and equipment to Manicaland, which stands ready to help bring the much-needed relief to those affected by Cyclone Idai.
In situations like this, it is meticulous planning, teamwork and coordination that carry the day. We are in constant communication with teams on the ground to ensure that those affected are provided with the aid they so desperately need as soon as it is logistically possible.
We are working hand in hand with other organisations to ensure decent burial for those who sadly lost their lives in the aftermath. The measure of a nation is seen in how it treats its most vulnerable and how it buries the dead.</blockquote>
<h3>Related:</h3>
<ul>
<li>
<h3><a href="https://zero.pindula.co.zw/cyclone-idai-victims-buried-in-tomato-box-caskets/" rel="noopener" target="_blank">Cyclone Idai Victims Buried In ‘Tomato-box’ Caskets</a></h3>
</li>
</ul>
More: <a href="https://www.newsday.co.zw/2019/03/nyaradzo-to-offer-decent-burial-to-cyclone-victims/" rel="noopener" target="_blank">Newsday</a>

Nyaradzo To Assist Cyclone Idai Victims With Burials

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