Hospital Cash Back Insurance

  • What you get

    The insurance that was designed to help to recover not only your health, as well as, the family members (dependants) in case of hospitalisation, as a result of (non-chronic) diseases and accidents.

    Cover details:

    • Coverage of hospital expenses from the second day

    • Full payment at the end of your hospitalisation

    • Extensive cover options for yourself and your family

    • A way to ease the strain on your medical aid

  • What you need to know

    • Have a valid bank account with Absa Bank Mozambique
    • No prior medical examination is necessary
    • Excludes routine queries and Medication Expenses
    • Waiting period, including for pre-existing conditions and pregnancy
    • Age Limit details:
    Insured Age at entry Age limit Cover Details
    Principal Insured 18 – 60 years 70 years
    Spouse 18 – 60 years No limit
    children Newborn months – 18 years.
    Or 25 years if is a full-time student.    		 18 years.
    Or 25 years if is a full-time  student.

  • What to bring when you apply

    • Personal documents (KYCs):
      identity document/ passport/DIRE, declaration of residence, NUIT, declaration of income sources
    • Fill the insurance application form
    • Terms and Conditions signed

Family Life Insurance

  • What you get

    The insurance that covers a funeral expenses in case of death of you or your dependants (spouse, children or parents). This insurance allow you to require for a financial reimbursement due to the death incident.
     

    • Free tax payment
    • Immediately full payment
    • Extensive cover options for yourself, your family and parents
    • A way to ease the strain on your medical aid
       

  • What you need to know

    • Have a valid bank account with Absa Bank Mozambique
    • Maximum limit of children to be insured/beneficiaries: 6
    • Age Limit details:
    Insured Age at entry Age limit Cover Details
    Principal Insured 18 – 60 years 70 years
    Spouse 18 – 60 years No limit
    children Newborn months – 18 years.
    Or 25 years if is a full-time student.    		 18years.
    Or 25 years if is a full-time  student.
    Dependents Age under 72 years on the date of accession No limit
    Uncovered risks:
    • Death by a criminal or illegal act
    • Voluntary injuries, suicide
    • Violation of Law, or criminality
    • Intentional exposure to danger (except attempt to save a human life)
    • Effect of Radioactivity or nuclear explosion
    • Accidental death as a result of riots, private flights, dangerous sports
    • Drug and alcohol dependent consumption

  • What to bring when you apply

    • Personal documents (KYCs):
      identity document/passport/DIRE, declaration of residence, NUIT, declaration of income sources
    • Fill the insurance application form
    • Terms and Conditions signed

Classic Life Insurance

  • What you get

    The Classic Life Insurance is an individual life insurance product, designed to provides coverage in the event of death or permanent disability.

    • Coverage includes death/ total permanent disability
    • Free tax payment
    • Financial support for beneficiaries in difficult times
    • Extensive cover options for yourself, your family
    • Once off payment of compensation in case of death
    • Direct payment debit from your bank account
    • Refund in the 3rd year of 50% of the 1st year’s premiums

  • What you need to know

    • Have a valid bank account with Absa Bank Mozambique
    • Maximum limit of beneficiaries: 6
    • Waiting period, including for pre-existing conditions and the respective benefit amount
    • Cashback benefit
    • Termination age for disability benefit
    • Age Limit details:
       
    Insured Age at entry Age limit Cover Details
    Principal Insured 18 – 60 years 70 years
    Uncovered risks:
    • Death/disability by a criminal or illegal situation, war (political or non), riots or nuclear explosion, terrorism
    • Intentional injuries, suicide or attempted suicide, self-inflicted injury within the first 24 months of the Policy
    • Law violation or criminality
    • 6-month pre-existing conditions (chronic illnesses) before the start of the policy cover
    • Active participation in strikes and labor disturbances
    • Refusing a medical treatment by a licensed professional doctor
    • Pre-existing disability before the policy cover start

  • What to bring when you apply

    • Personal documents (KYCs):
      identity document/ passport/DIRE, declaration of residence, NUIT, declaration of income sources
    • Fill the insurance application form
    • Terms and conditions signed

Vehicle insurance

  • What you get

    An insurance for your car from a trusted and a solid brand

    Our vehicle insurance is designed to suit your lifestyle, whether you want to protect your vehicle, yourself or a third-party in charge of your vehicle against loss as a result of unexpected incidents.

    • Extended protection against loss caused by fire or theft for the owner/insured's vehicle,
    • Access to emergency medical expenses for 5 occupants,
    • Cover for loss or damage to car keys,
    • Payment of premium in instalments,
    • Protection against third party property damage or loss due to an accident,
    • A simplified claims process to help you get back on the road.

  • What you need to know

     Have an Absa bank account

    Comprehensive motor policy

    This cover will protect your vehicle and third-party vehicle in case of accidental damage or loss. For your vehicle it cover: accidents resulting from collision between vehicles or other objects, rollover, fire, explosion, theft, vandalism, injuries to occupants in the vehicle.

    Third-party policy

    The policy will indemnify you against liability for third-party bodily injury or death and third-party property damage up to an agreed limit.

    Third-party, fire and theft policy

    • Covers accidental bodily injury to or death of third parties,
    • Covers damage due to fire or theft,
    • Claims are paid promptly.

  • What to bring when you apply

    • Personal documents (KYC's):
    • identity card/ passport/ D.I.R.E., proof of residence, NUIT, proof of origin of funds,
    • Car documents: license and title deeds, photos of the car,
    • Filling in the insurance application form,
    • Signature of Terms and Conditions.

House owner's insurance

  • What you get

    The insurance that protect a coverage in the event of damage or theft of the contents of your property.

    Coverage includes:
    • Fires and related hazards
    • Storms, winds, floods, water, hail
    • Impacts from animals, vehicles, natural fall of trees or aircraft
    • Theft of contents (subject to violent entry/exit)

  • What you need to know

    • Have a valid bank account with Absa Bank Mozambique
    • Provide a list of items and respective amounts for each of them to be insured
    • Indicate associated risks to be covered

  • What to bring when you apply

    • Valid national identity card/Passport/DIRE
    • Proof of residence (Declaration of residence letter, or water/electricity/telephone bill in the name of the client)
    • NUIT
    • Proof of origin of funds (employer declaration letter)
      • Employees - Letter from the employer attesting to the employment relationship, profession and type of contract
      • Self-employed - Declaration of self-employment
      • Retired clients 
        i) iCivil service: Declaration Issued by the National Institute of Social Security
        ii) Private entities: Declaration issued by the National Institute of Security
    • Filling out the insurance form at the time of request

Portable electronic equipment cover

  • What you get

    The insurance that protects in the event of damage, theft or loss of portable electronic equipment such as cellphones, laptops, tablets, cameras, bicycles and more.

    Coverage includes:
    • Loss or damage caused by fire and related hazards
    • Theft (subject to violent entry/exit)
    • Damage that occurs outside Mozambique

  • What you need to know

    • Have a valid bank account with Absa Bank Mozambique
    • Provide a list of items and respective amounts for each of them to be insured
    • Indicate associated risks to be covered

  • What to bring when you apply

    • Valid national identity card/Passport/DIRE
    • Proof of residence (Declaration of residence letter, or water/electricity/telephone bill in the name of the client);
    • NUIT
    • Proof of origin of funds (employer declaration letter):
      • Employees - Letter from the employer attesting to the employment relationship, profession and type of contract
      • Self-employed - Declaration of self-employment
      • Retired clients 
        i) Civil service: Declaration Issued by the National Institute of Social Security
        ii) Private entities: Declaration issued by the National Institute of Security
    • Filling out the insurance form at the time of request