Private Motor Insurance.

TravelCation Insurance offers a range of products on Third-party and Comprehensive motor insurance with optional benefits and insurance limits.

The insurance will cover the vehicles for loss or damage (including riot and strikes) and Third Party liabilities anywhere in Tanzania.

Commercial Motor Insurance.

PSV - This covers Passenger service vehicle and offers protection against accidental damage, fire, theft, third party liability, and passenger liability. The vehicle must be fully compliant with the PSV rules.

PSV Car - Hire - The cover is given for vehicles used for private hire which are chauffeur driven.

Fire Insurance.

Fire Insurance is an Insurance that provides protection against losses incurred by fire disaster. A fire disaster can happen at any time, and when happen, both bring losses to the building.

This insurance can be considered for buildings.

• Residential House
• Business House
• Warehouse of various Products etx.

In the event of a fire disaster, this Insurance will provide compensation amounting to the value of a burnt building. When you have Fire Insurance Insurance, you have peace of mind on the issue of losses that you may incur due to a fire disaster.

Marine Hull.

This is the insurance of water vessels (yacht, boat, and ship). The cover is against loss or damage to the hull, engines, and accessories caused by perils of the sea, rivers, lakes or other navigable waters. It also covers loss by fire, theft, jettisons, piracy, explosion, malicious acts.

Marine Cargo.

This policy covers loss or damage to goods and/or merchandise in transit from one place to another by sea, air, rail, road or registered post. The cover provided is in respect of marine perils, war and strike, riot and civil commotion perils.

Did you know.

Regardless of unfortunate life events that we may not be able to prevent such as death, sickness, inability to work, and old age, you can still organise your life and prepare for such. Life Insurance assists you in organizing your life journey through protection against unfortunate occasion such as death; save for your future and old age; and invest for your children's education. Life Insurance, unlike other savings schemes such as fixed accounts, provides protection. At Bumaco Life Insurance we listen and plan together to ensure that your life is protected, you have the adequate saving and investment.

Our Value.

We care for your life with compassion.

For our customers, stakeholders, employees and society at large, Bumaco life Insurance Company Limited will strive for:

Integrity, compassion, team work, excellence, responsibility & accountability

What is Bond Insurance ?

Bond insurance (also known as "financial guaranty insurance") is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or security.

Security Bond

It is issued to expatriates against the cost that the government may incur in case the person is deported from Tanzania

Custom Bond

It vary in nature but they all guarantee payment of duty to Tanzania Revenue Authority (TRA) in case the insured fails to meet the conditions upon which a waiver of duty was granted.

For instance a custom bond can be taken when importing goods to be used for certain work and duty is not paid on the understanding that the finished product will be re-exported. Another example is of a contractor bringing construction machinery for a project and then taking them back after the project.

Personal accident cover is designed to protect you against accidents that are not a result of anyone’s actions or fault and therefore cannot be claimed on someone else’s insurance. Whilst an unexpected accident is not a nice thought, it is sensible to be prepared financially for such events - as no one can be 100% certain that one won’t occur. If the worst does happen and you have not taken out personal accident cover, it can make things very difficult financially (e.g. loss of income, unexpected bills and expenses) for you and your family, which can be distressing, particularly when combined with the physical and emotional side of recovery.

What the scheme covers.

There are a wide range of injuries and accidents that a personal accident insurance scheme will cover, but exactly what you are covered for will depend on your policy. Usually, incidents that personal accident insurance policies will cover include:

• An injury caused by slips and spillages
• A loss of(or loss of use of) any body parts
• Injury or death that is caused by a road traffic accident (with no one to blame)
• An accident or injury that occurs at work