TFC iNSURANCE

TFC'S VISION

“A national cooperative umbrella, for strong and sustainable cooperative movement in Tanzania”

TFC'S MISSION

“Create, empower and sustain cooperative movement, through innovative transfer of knowledge,research and networking, for improved cooperative productivity, value addition and marketaccess of the cooperative products while adhering to cooperative principles, values and members satisfaction "

TFC'S MANDATE

“Promote Cooperative Movement and investigate problems related to market access for the cooperative business and seek for the network and proper partners associated and interested with cooperative products, while preserving the cooperative identity.”

Introduction

A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss.

 

Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event.

 

In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Tanzania Federation of Cooperatives has established department of Insurance which will help all customers and its shareholders in all matters concerning with the products and services of insurance, We are dealing with all general product of insurance only in Tanzania The following are the products which Tanzania Federation Cooperatives offers to its members, shareholders and all customers in general

 

  • Bonds
  • Burglary/theft
  • Business protector
  • Commercial vehicles
  • Contractors all
  • Domestic package
  • Electronic equipments
  • Erection all risk
  • Fidelity guarantee
  • Fire insurance
  • Group credit insurance
  • Group personal accident
  • Machinery break down
  • Money insurance
  • Motor insurance
  • Motor trade insurance
  • Plate glass insurance
  • Professional indemnity
  • Public liability
  • Sport indemnity
  • Travel accident insurance
  • Workmen’s compensation