BOSETU To Announce Brokerage Company
Correspondent | Monday October 9, 2017 16:32
At its last AGM, it was announced that the insurance brokerage had been registered and a detailed business plan was in place. BOSETU, however, was yet to be given the go-ahead by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).The launch of the insurance brokerage is expected to see BOSETU members enjoying more insurance based services.
It is speculated that a leading insurance company could be unveiled as the strategic partner following discussions last year. It is hoped that members will enjoy high improved benefits to their dependents particularly parents and extended family.The move to underwrite would provide the BOSETU funeral scheme business the opportunity to now release accumulated funds for other investment prospects.
Started in 2012, BOFUS membership stood at 10,871 at the last AGM.
Meanwhile ,the BOFUS AGM shall also vote into office three positions of Publicity Secretary, Recruitment and Retention and Deputy Chairperson with the incumbents largely expected to continue indefinitely.