NAFUICO has grown a big underwriting book from parlours, churches, associations and unions. The big numbers allow NAFUICO to negotiate better rate with partners and bring the costs down where NAFUICO is using own platforms.
NAFUICO has negotiated better rates as compared to individual parlours going directly to insurance companies.
- Payments Collections
NAFUICO offers several payments collections options including; debit orders, SASSA deductions, swiping devices, Easypay and Pay@ at rates lower than a Parlour going directly to a service provider.
- Insurance Administration System
The NAFUICO insurance administration platform was designed by parlours for parlours. The system is available online, executive reports can be accessed via mobile phones, payments are directly applied to policies, dashboards give the parlour owner insights about business performance, and is priced lower than other service providers.
- Microlending/Lending System
The lending system is robust offering, direct checks with credit bureaus, is integrated to credit life/insurance system and is linked to payment collections platforms.
- Business Advisory Services
NAFUICO offers the following
Programme to assist funeral parlours grow heir funeral books or business.
Financial and succession Planning
Regulatory advice on the funeral industry.