General Alliance Insurance Limited and Rhino Insurance Brokers have jointly introduced a new insurance product on the local market targeted at the corporate world.
The two companies said the new product, called MotorMax, has been launched following thorough market research conducted by experts from the two companies.
Speaking during the launch at Blantyre Sports Club on Tuesday evening, General Alliance chief operations manager Richard Makombe said the new policy has various advantages for the corporate world.
He said when coming up with the policy, the two companies looked at three major factors that included usage of the vehicles in general, pricing and aftermath of a motor accident.
“This is a unique policy to those with more than one vehicle because once you pay premium for one vehicle, the rest of your vehicles are given a discounted premium,” said Makombe.
Rhino Insurance Brokers general manager Wesley Mataka described MotorMax as a “total game changer” in the motor insurance market as it has key features that cannot be obtained elsewhere.
“MotorMax has rating structure, increased third party limits, medical expenses in the event of accident and injuries, hiring of an alternative vehicle and overnight accommodation, among others,” he said.
He said where an accident happens and the victim gets stranded and needs a place to sleep or seek medical attention, the premium covers for that as well.
Mataka said claims under the policy are processed within the same day where all documentation is available.
