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*Pensions Commission Flags Funeral Insurer Targeting Teachers* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vs The Insurance and Pensions Commission (IPEC) has warned teachers against joining a pensions and funeral policy agency targeting teachers. In a statement, the country’s pensions commission said the Zimbabwe Teachers Investment Trust (ZITIT) is not registered as an insurance company. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- The warning comes after ZITIT announced that it had launched a funeral assurance plan for teachers. IPEC said: > Whilst IPEC is investigating the matter, teachers are warned against buying the said (funeral) policies as the entity in question is not registered as an insurance company. > Section 7(1) of the insurance Act prohibits unregistered entities from carrying out insurance business. > To this end, the commission again reminds consumers who want to buy insurance policies to only deal with registered entities. > Consumers can check beforehand with the IPEC entities that are authorized to render insurance services… IPEC is a statutory board established in terms of the Insurance and Pensions Commission Act [Chapter 24:21] to regulate the insurance and pensions industry in the country. *More: NewsDay* _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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