MOTOR INSURANCE

 

The Insurance package provided by NICO Insurance

Zambia offers Zambia Medical Association members

through Cubit Insurance Brokers Ltd, Motor

Comprehensive cover at 3.5% of sum insured or

market value plus 16% VAT. This rate is also extended

to spouses of members of the Association.

You can rest assured that you will not find this rate

elsewhere on the Zambian insurance market.

 

“ALL RISKS”

 

Covers accidental loss or damage and theft to

portable items such as; Laptops, Cell phones, IPads,

Jewellery, to mention but a few.

 

Some of the benefits include:

 

1. Low premiums which can be paid in installments

2. Wider cover

3. Fast claims settlement

4. One stop shop

5. Peace of mind

 

PROFESSIONAL INDEMNITY

 

This policy indemnifies you against claims made against

you arising out of the profession for any actual or alleged

act of negligence, error or omission. Cover is mandatory

and provides an indemnity limit (coverage) of

K5,000,000, 000

 

HOUSE CONTENTS

 

This provides cover for contents of private dwelling house/

flat against the risk of fire, lightning, explosion etc@ rate

of 1.25% of sum insured less 10% Plus VAT @ 16%

 

HOUSEOWNERS

 

This provides cover for private dwelling house/flat against

fire, lightning, explosion e.t.c. @ rate of 0.1% of sum

insured less 10% Plus 16% VAT

 

FUNERAL EXPENSES

 

This policy provides cover for funeral expenses of the

insured, spouse and up to five(5) children under the age of

21 years. This cover is also mandatory and provides an

indemnity limit of K15 ,000, 000 per insured.

Taking out more than 2 covers entitles members to

premium discounts per extra cover!