Earlier this year, the Tanzania Insurance Regulatory Authority (TIRA) announced plans for the introduction of electronic insurance services.
For vehicle owners across Tanzania, this is great news!
Before, you had to remember your renewal dates, and you had to go to an insurance office with your car’s paperwork. You also only had information that your insurance company had in terms of pricing, and had to wait to get your sticker.
And that’s for one vehicle; imagine if you had a fleet of 10 vehicles!
Now, with the help of technology, you can buy your car insurance online. This makes life easy, whether you have one car or 10.
Here are the benefits of buying car insurance online.
Beat the deadline
When you purchase a your auto insurance policy online, you are able to receive reminders of when your renewal dates are coming up. That makes things easy because you no longer have to check the old sticker on your car, or make notes on your calendar!
With reminders, you can keep up with renewals on the go.
See all products and prices
Insurance platforms like ours will share all products and prices available in the market for auto insurance. That saves you time, because now you don’t have to call friends and offices to find our insurance prices in the market.
Simply enter your vehicle information and look at all the options available to you, including third-party and comprehensive auto insurance policies.
Cashless purchases
Now more than ever, you need to be careful with any contact you have with people and places on a daily basis. Buying your car insurance online allows you to enter your car information without having to carry your car’s documents to the insurance office.
In addition you can use mobile money to pay for the policy, including Tigo Pesa, Airtel Money, Mpesa or Eezy Pesa.
Delivery and updates
Once you’ve selected a car insurance policy that works for you and paid for it online, you will receive your receipt and insurance sticker right to your door! Because you’ve signed up with the insurance platform, you will receive updates on any changes as they happen, including car insurance pricing specials.
As Tanzania continues its journey to a cashless and more transparent economy, car insurance purchases are going to become easy and an app like MyBima is making life easy for car owners today.
MyBima offers expiration notifications, real time quotes for your vehicle, mobile money payment, free sticker delivery and in-app claims.
[Photo by Verity Sanders on Unsplash]
