The National Bank of Hungary (MNB) has published its latest report on the prudential, consumer protection and market supervision of the insurance, pension and capital market sectors.
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By Robert Tapfumaneyi
THE Insurance and Pension Commission (IPEC) says insurance benefits totalling $200 million remain unclaimed by subscribers.
IPEC says the total number of pensioners with unclaimed benefits as at 30 September 2020 stood at 154,957 members.
In an interview with NewZimbabwe.com, Cuthbert Munjoma, IPEC Director Pension Supervision said they were rolling out various public awareness initiatives aimed at sensitising the public on the benefits.
These include coming up with SMS and web-based search engines in which members can search for their names should there be benefits due to them.
“It should be noted that the value is cumulative since 2009 and the Commission is enforcing the requirement for allocation of revaluation gains and investment return on the unclaimed benefits in line with requirements of the Guidance Paper on Currency Reforms issued in 2020,” Munjoma said.