Vanguard Life Insurance on Wednesday presented a K407 879 59 cheque to Patuma Maluwa whose husband, George Maluwa, was shot dead by unidentified criminals in August in Namiwawa, Blantyre.
Presenting the cheque, Vanguard Insurance managing director Noah Mupfurutsa said his company made the gesture to demonstrate its commitment in fulfilling promises to clients.
“The policy holder, who was Patuma’s husband, held a special endowment policy with our company and after his death we are honouring our policy promise by releasing the money to beneficiaries,” he said.
Georgina Matabwa, Vanguard’s marketing manager responsible for individual life policy, urged Malawians to embrace life assurance.
“Life insurance policy reduces the burden on the shoulders of those left behind as the beneficiaries can use the money to solve some problems which couldn’t have been the case had the deceased not held it,” she said.
Speaking at the event, Patuma thanked Vanguard for being helpful in processing her claim in time.
“This is a huge relief to me and the whole family and I can now afford to pay school fees for my children. I will also use some of it to start a small business in order to sustain my life and that of my children,” she said.
Maluwa was shot dead by armed robbers who broke into his house in August this year.
At the time of his death, he was head teacher at Namiwawa Private School.
