Dar es Salaam, Dec. 7 -- TTCL Corporation subsidiary company, T-Pesa has launched a mobile phone-led insurance service which aims to reach over two million people in the next year.

Dubbed Bima na T-Pesa, the new insurance has three products which include housing, motor vehicle and personal insurance which will be processed through mobile phone services.

“T-Pesa have come with this product with the focus of simplifying purchases through mobile money services without travelling or filling papers,” said Ms Lulu Mkude, Director of T-Pesa

She said that the future of Bima na T-Pesa is to reach out to cover the agriculture sector where farmers will have their crops covered from possible risks within their areas using just their mo...