Bancassurance a boon for lenders, insurance firms

NMB Bank’s retail banking chief Filbert Mponzi (centre) confers with Insurance Commissioner at the Tanzania Insurance Regulatory Authority, Dr Mussa Juma (left) during the launch of ‘Bancassurance’ products and services by NMB recently. At left is the bank’s senior Bancassurance manager, Martin Massawe. PHOTO | THE CITIZEN CORRESPONDENT

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Some of the 13 banks include: NMB Bank Plc, Diamond Trust Bank (DTB), National Bank of Commerce (NBC), Absa and Maendeleo Bank.