Business / Economy
Zimra urged to offer tax incentives
16 Oct 2017 at 07:05hrs | Views
The Zimbabwe Revenue Authority has been urged to offer tax incentives to micro insurance players as a way of encouraging financial inclusion.
Insurance and Pensions Commission (Ipec) commissioner Tendai Karonga said the tax will assist stakeholders in reaching out to those who do not have access to insurance and pension services.
This comes at the insurance regulator is currently working on the rollout of the micro insurance framework.
Globally, micro insurance has a potential market of up to $4 billion policies, generating between $30 billion to $50 billion in annual premium revenue.
Insurance and Pensions Commission (Ipec) commissioner Tendai Karonga said the tax will assist stakeholders in reaching out to those who do not have access to insurance and pension services.
Globally, micro insurance has a potential market of up to $4 billion policies, generating between $30 billion to $50 billion in annual premium revenue.
Source - Daily News
