Wafacash and Wafa Assurance held a press conference on Thursday to launch the "Taamine Wafacash" service, a new range of inclusive insurance products that aligns with the national financial inclusion strategy.

Wafacash has partnered with Wafa Assurance, both leaders in their respective sectors and key players in financial inclusion, to establish a distribution and management model for micro-insurance products benefiting the Moroccan population. Thus, Wafacash customers can now benefit from the Taamine Iktissadi concept, developed by Wafa Assurance since 2019.

This new service includes a complete range of inclusive insurance products: life insurance and personal insurance products (Taamine Al Janaza, Taamine Wladi, Taamine Al Walidine, Taamine Sahti), as well as property damage insurance products (Taamine Bayti, Taamine Mahali).

These products, with rates starting at 55 dirhams including tax annually, aim to protect both descendants and ascendants in the event of the insured's death, provide a daily indemnity in the case of the insured's hospitalization, and cover professional premises or housing against fire and water damage.

This range includes several innovations aimed at facilitating product understanding, simplifying subscription without conditions or formalities, and providing quick compensation. The marketing of life insurance and personal insurance products will be effective throughout the entire Wafacash network starting March 1. Property damage insurance products will be marketed at a later stage.

"Financial inclusion is seen as a catalyst for promoting economic development and reducing poverty in our country; it encourages us to provide equitable access to all individuals and businesses to formal financial products and services, suitable for their needs and means, while ensuring their rights are upheld," stated Abdesslam Bourig, general director of Wafacash.

For her part, Fatima-Ezzahra El Idrissi Chraibi, deputy general director of Wafa Assurance, expressed her satisfaction with this partnership established with Wafacash. "This is a continuation of what we have already achieved since 2013, and since 2019 with the launch of the Taamine Iktissadi range," adding that the goal of this alliance is to contribute to national objectives regarding the accessibility of formal financial services, consumer protection, and financial education.

https://www.youtube.com/watch?v=wJ9qLlOPmoE

Source: https://www.lavieeco.com/videos/video-wafacash-lance-une-gamme-de-produits-dassurance-inclusive/