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Click to add title` `````````````````````````````````````````````````````````````````````` `` WELFARE SCHEME FOR TANZANIAN...
Agenda 01/06/12 <ul><li>NSSF Profile </li></ul><ul><li>Investments Portfolio </li></ul><ul><li>Diaspora- WESTADI </li></ul>
Current Situation  01/06/12 <ul><li>Started as a Provident scheme in 1964 </li></ul><ul><li>Transformed to a Pension Schem...
Current Situation  01/06/12 NSSF Investments portfolio  <ul><li>NSSF Invests in areas that meet socio-economic and governa...
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 <ul><ul><li>The project involves construction of the  </li></ul></ul><ul><u...
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 <ul><li>The NSSF has ventured into existing  </li></ul><ul><li>its services to Tanzania living...
Current Situation  01/06/12 <ul><li>Tanzanians leaving abroad including students </li></ul><ul><li>Estimate Tanzanians lea...
Current Situation  01/06/12 <ul><li>Qualifying condition;  to be current on premium payment.  </li></ul><ul><li>Benefit pa...
Current Situation  01/06/12 <ul><li>Repatriation services </li></ul><ul><ul><li>Transport of Human Remains </li></ul></ul>...
Current Situation  01/06/12 Collection of Premium <ul><ul><li>Remittance and collection of  </li></ul></ul><ul><ul><li>pre...
Current Situation  01/06/12
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NSSF Westadi - London 2011

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

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Transcript of "NSSF Westadi - London 2011"

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

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