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NSSF Westadi - London 2011
 

NSSF Westadi - London 2011

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Courtesy of NSSF as presented at Diaspora III Conference In London May 2011 Edition.

Courtesy of NSSF as presented at Diaspora III Conference In London May 2011 Edition.

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    NSSF Westadi - London 2011 NSSF Westadi - London 2011 Presentation Transcript

    • Click to add title` `````````````````````````````````````````````````````````````````````` `` WELFARE SCHEME FOR TANZANIAN DIASPORA (WESTADI) London 3 Diaspora 6 th -7 th May 2011 Presented by C. Magori
    • Agenda 01/06/12
      • NSSF Profile
      • Investments Portfolio
      • Diaspora- WESTADI
    • Current Situation 01/06/12
      • Started as a Provident scheme in 1964
      • Transformed to a Pension Scheme ( NATIONAL SOCIAL
      • SECURITY FUND- NSSF ) by Act no. 28 of 1997
      • Provides a wide range of benefits; short-term and long-term
      • benefits
      • Has a net worth of GBP 600 ml and 51% market share of all pension schemes in Tanzania
      • Operate under social insurance principles i.e. solidarity and risk pooling.
      • Covers Both Public and Private sectors
      NSSF Profile
    • Current Situation 01/06/12 NSSF Investments portfolio
      • NSSF Invests in areas that meet socio-economic and governance responsibilities like:
        • Government Projects
        • Infrastructure
        • Agriculture Sector
        • Housing schemes
          • Mchikichini
          • Mtoni Kijichi
    • Current Situation 01/06/12 Kigamboni Bridge
    • Current Situation 01/06/12 Fly-over Roads
    • Current Situation 01/06/12 Mtoni Kijichi Housing Scheme
    • Current Situation 01/06/12 Type 1 B 2 BRMS & 1 M BRM
    • Current Situation 01/06/12 Type 3B 3BRMS & CARPOT
    • Upcoming housing project- Mchikichini 01/06/12
        • The project involves construction of the
        • following: -
          • Low cost houses
          • Medium cost houses
          • Luxury houses
          • Three high-rise office towers
    • Mchikichini project(current) 01/06/12
    • Current Situation 01/06/12
    • Current Situation 01/06/12
    • Current Situation 01/06/12 Bird Eye View
    • Current Situation 01/06/12
      • The NSSF has ventured into existing
      • its services to Tanzania living abroad
      • through special coverage called
      • Welfare Scheme for Tanzanians in
      • Diaspora (WESTADI ).
      Welfare Scheme For Diaspora
    • Current Situation 01/06/12
      • Tanzanians leaving abroad including students
      • Estimate Tanzanians leaving abroad 170,000
      • Target is to cover at least 5% of estimated Tanzanians leaving abroad plus 4 dependants chosen by respective insured person.
      • Payment of prescribed premium of $ 300 per annum per person , renewable annually.
      WESTADI Coverage
    • Current Situation 01/06/12
      • Qualifying condition; to be current on premium payment.
      • Benefit packages include;
        • Health insurance
      WESTADI Benefit Packages
    • Current Situation 01/06/12
      • Repatriation services
        • Transport of Human Remains
        • Return ticket for accompanied person
      WESTADI Benefit Packages Cont…
    • Current Situation 01/06/12 Collection of Premium
        • Remittance and collection of
        • premium will be done online
        • through a link between Bank and
        • designated NSSF web for Diaspora
        • NSSF is currently finalising the
        • appointment of Bank and a web
        • designer to support the
        • operationalisation of the WESTADI
    • Current Situation 01/06/12