NICO Life has partnered with Malawi Posts Cooperation to enhance collection of premiums.
The partnership was made official on 18th May 2018, where the two companies signed an MOU at NICO House. The signing ceremony was graced by the Chief Executive Officer for NICO Life Mr. Eric Chapola and the Post Master General Mr. Henry Shamu.
This is a welcome development for people who have Life policies with NICO Life as it has created another convenient premium payment platform. The facility will allow policy holders across the country to pay their premiums using post offices available in their location.
Eric Chapola in his remarks said he was excited to have the MOU signed and is hopefully the beginning of many more partnerships to come. He was pleased that the partnership will promote insurance penetration to remote areas since NICO Life has only 3 offices in the major regions but Malawi Posts Corporation has over 200 post offices spread across the country.