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NICO Life and NICO Pension Team Building Retreat

NICO Life and its subsidiary company NICO Pension held a team building retreat at College of Medicine on Saturday 13th July 2019

Speaking during his opening remarks, NICO Life and Pension Chief Executive Officer Eric Chapola was excited that the companies had the event and it was timely considering new staff joking and some leaving company so need to ensure team works well together.

The event started with remarks from CEO and then a game that tested many of the staff’s basic skills such as listening, responsiveness focusing on change management.

Speaking after the first game, NICO Life CEO advised they “Decided to use games to learn more about each other we have over 120 staff from all the offices in Blantyre, Lilongwe and Mzuzu. The team building was set to be used to get staff to know each other and get closer together as a team in a fun atmosphere refreshed. The sessions have great impact as knowing each other helps makes processes faster and help others service stakeholders better. The team building will benefit staff and other stakeholders as they team will work better together, achieve set targets, obtain greater bonuses, shareholders to benefit from better team performance and customers will benefit superior customer service from the refreshed team. The Session will help to efforts done in first half of the year and ensure better results in the second half of the year.

Speaking on behalf of the staff who attended the function Finance Assistant Faith Ngwira said she was happy the company was having the team building retreat as it will allow teams to know each other better. It is also important considering office is our second home so need to learn more about office teams and the activities have shown we think different but we one company so we need to manage our relationships better for benefit of company.

The team building retreat was facilitated by F&N Business Consultants Ltd. The staff had a fun day interacting at the day

NICO Life and NICO Pension Commit MK3.3 million towards Stigma Tau Inter Conference

In a bid to ease the financial challenges towards hosting of the Malawi Sigma Tau International {STTI} conference, NICO Life Insurance and Pensions companies have jointly contributed MK 3.3 million to the Malawi College of Nursing for the course.

In an interview during the donation ceremony in Blantyre, NICO Life insurance Chief executive officer {CEO} Erick Chapola said the contribution was one of the corporate social responsibilities the company is undertaken in the country. “The country is facing so many challenges in the health sector. So we thought of taking this noble course towards helping the hosting of this forum so that the country can learn to offset the challenges from the research activities that these nurses have done in their respective countries,” said Chapola. Chapola added: “the country will fast develop economically if only the corporate world join together in helping one another. We benefit a lot from nurses; they are our partners in business. This gesture will also strengthen our relationship and promote our brand name.” Among others, Chapola says, the contribution was solely designated towards the procurement of the conference packages such as the bags.

Evelyn Chilemba, vice president for the worlds’ honorary society for the nurses, commended the companies for the kind gesture towards the conference. The jovial Chilemba also called upon the corporate world to emulate what the companies have done in as far as facilitating the hosting of the forum. “We are very thankful for this first kind of support from Nico. As KCN , we are geared to mobilize over MK 27 Million through participants registration fees and other sources but there is still a huge financial gap of Mk10 million of the total conference budget which needs to be filled, partly through financial assistance,” said Chilemba.

According to Chilemba, the conference is expected to draw a total of 400 participants from countries such as Malawi, Botswana, South Africa, Swaziland and United States of America among other confirmed countries. Kamuzu College of Nursing {KCN} will for the first this year, host the Malawi Sigma Theta Tau International {STTTI} conference at Bingu International convention Centre in Lilongwe from August 14 to 16.

STTTI is an honorary of society of nursing meaning its main purpose is to recognize colleagues’ academic and /or professional achievement.


NICO Life Launches Tilinanu Funeral Policy

On Tuesday 11th June 2019, NICO Life launched a new product on the market known as Tilinanu funeral policy. The purpose of this policy is to provide cover for funeral expenses in time of death of loved ones. This policy covers the immediate family members (i.e. spouse and children) and extended family members i.e. uncles, cousins etc... Including parents of both spouses. The policy pays cash lumpsum immediately a claimed is made and verified.

The launch took place at Ryalls Hotel in Blantyre. Present at the event were representatives of NICO group subsidiary companies and the guest of honor at the event was the Director of Administration for Blantyre City Assembly, Mr. Lyton Nkata. The director of ceremonies Mr. Steven Kanyoza highlighted how the launch was to make history with the new product. The product was specifically designed with the customer in mind, and Tilinanu Funeral plan like none other on the market. Most live below dollar a day and it’s designed that every person can afford it. NICO Life Sales Manager, M. Ken Thondolo took patrons through a presentation on the product citing “if you’ve had funeral before you know the need to have this product to avoid the panic that comes with funeral expenses. If you get policy you are guaranteed peace of mind as if anything happens, you’re covered and can afford a decent burial for yourself or your loved ones.

In his speech, the guest of honor, Mr. Lyton Nkata commended NICO Life for coming up with such a relevant product at the right time. He said death usually comes when one has exhausted resources in paying hospital bills or other expenses hence the lumpsum payment comes in handy at that time to cater for funeral expenses. He also said the monthly premiums are very minimal hence affordable to many Malawians.

In his remarks, the CEO of NICO Life, Eric Chapola reiterated that NICO Life aims at providing peace of mind to Malawians through innovative products and services. He highlighted how the convenience and affordability of the product provides relevance of the product to Malawians. He further hailed the accessibility of the product explaining how besides visiting NICO Life offices, the product can also be accessed by anyone on mobile through Tilinanu mobile. This is a mobile platform through which people can access Tilinanu funeral policy. By dialing *325# on either TNM or Airtel networks one can get the details about this product, register and pay the premiums for the product. This works on any type of cell phone.

One of the clients who has benefited from this policy is Mr Gringo Bamusi. In his words at the event, Mr Bamusi emphasized that this policy is very convenient and affordable. He encouraged Malawians to buy this policy as it eases the burden of searching for money to pay for funeral expenses.

The event was spiced up by a dancing troupe and Mr. Jokes also entertained patrons with real life situation on need for funeral cover as death happens unexpectedly. The event also saw NICO Life launch its Tilinanu testimonial video clip

With NICO Life, It’s Possible.


NICO Life and NICO Pension Host CHANCO Actuarial Students Society

On 10th May 2019, NICO Life and NICO Pension hosted students from CHANCO Actuarial Science Society. The society of actuarial students visited NICO Life, Pension and Asset to learn what the companies do and learn how their studies will apply in the future. The event was held at NICO holdings and NICO Life Acting Business Development Manager Nancy Bisika gave opening remarks welcoming students to the Group and giving them a brief background of the NICO Group.

NICO Life CEO Eric Chapola in his remarks, welcomed the students and thanked them for taking initiative to visit NICO and put into practice what they are learning. He shared how NICO Group is the number one brand in Malawi and beyond and it is practical the students are eager to appreciate what the company does and the services we offer. He encouraged the actuarial students to be attentive as they are taken through the processes and services on offer and be alert to the opportunities this visit shall avail them to. He also motivated the students that most NICO staff also went through the corridors of UNIMA; so there is hope for them to join the prestigious organisation too, if they work hard. He thanked the patron for supporting the trip and hoped the visit will entice students to work hard as they pursue the actuarial profession. He reminded students that NICO Life also sponsors education for needy bright students and those eligible can access college funding from NICO.

In his remarks to various members of press, NICO Life CEO advised that “in Malawi we don’t have actuaries if we have at all but it’s a good development that CHANCO now has students going through actuarial studies. This profession is new and we hire actuaries to do the work for us. But we need actuaries from within and ensure future Malawi has its own pension experts”.

Khuluma Zebron, a 2nd year student who was part of the visit cited “ most students don’t know how to apply studies to work so we are excited to see what NICO Life does and what we can do and how we can help economy and insurance sector”. Speaking on behalf of the students, President of the Society of Actuarial Students, Marvelous Chikondi said “the trip is very important as we will be encouraged to achieve life goals and learn how studies link with work in NICO”.

The visit had students given a practical overview of actuarial work by NICO Life Chief Operations Manager Mr. Gerald Chima, NICO Pension General Manager Dr. Lillian Moyo and NICO Asset Chief Executive Officer Mr. Emmanuel Chokani. Thereafter the students were given a walk-around in NICO Asset and NICO Life and Pension offices with the day ending with a luncheon at Ryalls Hotel.

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