Wisechoice Insurance AgencyWhatsapp/Message:
(265)985214269
Drop us an email :
info@wisechoiceinsuranceagency.com
Call Us :
Wisechoice Insurance AgencyWhatsapp/Message:
Drop us an email :
Call Us :
Wisechoice Insurance AgencyOur portfolio of insurance products ensure that you can protect what matters most - your family and your future.
We are the pioneers of Malawi’s first diaspora funeral policy which can be accessed globally by the Malawian
diaspora community, additionally we offer 2 other types of funeral policy namely Tilinanu Funeral cover and Dekhani
funeral cover policies.
The funeral policies can be selected based on your specific needs, to find out more about our funeral policies, please visit the FAQ page.
Full product specifications are outlined below:
| Details | Diaspora Funeral Policy Silver | Diaspora Funeral Policy Gold | Diaspora Funeral Policy Platinum | Tilinanu Funeral Policy-Silver | Tilinanu Funeral Policy-Gold | Tilinanu Funeral Policy- Platinum | Dekhani Funeral Policy Standard Plan | Dekhani Funeral Policy Executive Plan |
|---|---|---|---|---|---|---|---|---|
| Product targeting local and Malawians living in diaspora | ||||||||
| Offers cash in local Malawi currency | ||||||||
| Maximum additional family members covered | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Maximum immediate family members covered | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| Annual Premium(Kwacha) - Principal | K78,000 | K180,000 | K360,000 | K9,600 | K43,800 | K78,000 | ||
| Monthly Premium (Kwacha) - Principal | K6,500 | K15,000 | K30,000 | K800 | k3,650 | k6,500 | ||
| Payout - Principal | K1,000,000 | K3,000,000 | K5,000,000 | K100,000 | k500,000 | k1,000,000 | ||
| Annual Premium - Immediate Family | K78,000 | K180,000 | K360,000 | K9,600 | K43,800 | K78,000 | ||
| Monthly Premium - Immediate Family | K6,500 | K15,000 | K30,000 | K800 | k3,650 | k6,500 | ||
| Payout - Immediate Family | K500,000 | K1,500,000 | k2,500,000 | K50,000 | k250,000 | k500,000 | ||
| Annual Premium - Additional Family | K12,000 | K24,000 | K66,000 | K1,800 | K90,000 | K12,000 | ||
| monthly Premium -Additional Family | K1,000 | K2,000 | K5,500 | K150 | k750 | k1,000 | ||
| Payout - Additional Family | K500,000 | K1,500,000 | k2,500,000 | K50,000 | k250,000 | k500,000 | ||
| Annual Premium- Dekhani Funeral Policy-Single Person | k24,000 | k36,000 | ||||||
| Monthly Premium- Dekhani Funeral Policy-Single Person | K2,000 | k3,000 | ||||||
| Annual Premium - Dekhani Funeral Policy-Family | K60,000 | k84,000 | ||||||
| Monthly Premium - Dekhani Funeral Policy-Family | K5,000 | k7,000 | ||||||
| Services-Dekhani | Standard Service Package | Executive Service Package | ||||||
| Insurable interest is needed for the beneficiaries. | ||||||||
| Pay-out can be made at the death of every beneficiary. | ||||||||
| 3 months waiting period for principal members | ||||||||
| 6 months waiting period for family members | ||||||||
| No waiting period for accidental deaths. | ||||||||
| Claim to be made by Principal member or next of kin | ||||||||
| Claim form to be completed by the claimant. | ||||||||
| Death certificate/ death report is required when making a claim. | ||||||||
| IDs for both the claimant and deceased are needed when making a claim. | ||||||||
| Passport and Nation ID can be used for ID Verification | ||||||||
| The insurer (NICO Life) is required to confirm the reported death. | ||||||||
| Claim can be processed even over the weekend. | ||||||||
| No surrender value like investment policies. | ||||||||
| Unpaid premium for three consecutive months results in policy lapses | ||||||||
| Lapsed period can be reinstated upon payment of the arrears and a fine. | ||||||||
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