Mapenzi

Msifie

Kila siku usisahau kumsifia kwa kumwambia ni kiasi gani alivyo mzuri. Kumbuka kila msichana anapenda kusifiwa hivyo unapomuambia yeye ni mzuri anaona una mthamini kuliko msichana yeyote awaye. 

Muandikie 

Wakati wowote ukipata nafasi muandikie barua au msg kwenye simu mueleze hisia zako kiasi gani unampenda. Kumbuka wasichana hupenda kusikia zaidi kutoka kwa wapenzi wao ni kiasi gani wanapendwa. Haitakiwi iwe tu katika kipindi cha siku ya wapendanao ndio umuoneshe kuwa unampenda. Muoneshe msichana ni kiasi gani yeye ni muhimu sana kwako. 

Mbusu 

Busu la ghafla na kumshika mkono wakati mkitembea pamoja itamfanya yeye kujisikia raha zaidi. Na wakati mwingine msuprise kwa kumtembelea mara kwa mara hi humfanya akuone wewe ni mtu muhimu pale usipokuwa naye karibu na kumfanya kukuhitaji zaidi ukiwa naye mbali

Fanyika kua msaada 

Tambua mahitaji yake. Uwe msaada kwake kipindi ambacho mpenzi wako amekasirika kuwa pale kwa ajili yake na ukimpooza kwa sauti ya upole na mahaba. Utashangazwa sana na kiasi gani msaada huo umeleta mabadiliko kwake. Hakikisha unamsaidia katika shida zake hapa ndipo kuna tatizo kwa wavulana wengi. Mapenzi si pesa lakini kuna kipindi ambacho pesa huitajika kulinda penzi lako. Si msichana anapokuomba pesa ina maana ana nia ya kukuchuna au amekupendea pesa kuna shida nyingine inabidi akuombe wewe tena kwa kukupima kama utakuwa tayari kumsaidia.

Mtoko Muhimu

Mchukue mpenzi wako out mara nyingine itamfanya ajisikie furaha sana kwa sababu wasichana hupenda enjoyment na boyfriend zao. Hii haitamfanya mpenzi wako tu kuwa na furaha bali itawafanya nyie kwa pamoja kujuana na kufahamiana zaidi.

Kua muwazi kwake

Kuwa muwazi kwake usimfiche jambo linalokuhusu. Msichana hupenda kutoa ushauri kwa mtu ampendaye hivyo unapokuwa muwazi atajisikia kuthaminiwa nawe na kukuona umemuamini

Usiwe Busy Kupitiliza

Ukijiona upo busy sana usithubutu kuacha japo kumpigia simu mara mbili kwa siku hata kama ukishindwa kumpigia wakati upo ofisini darasani au kwingineko hakikisha unapopata nafasi japo ujumbe mfupi wa kumwambia unampenda.

Mkumbatie

Mkumbatie mara kwa mara katika tukio la kumbatizi kuna jambo kubwa sana hutokea. Si kwake tu hata kwako mvulana. Hali ya joto lenu huwaweka pamoja kifikra hata pale msipokuwa pamoja.

Staarabika

Epuka maugomvi na hasira za mara kwa mara ukiwa nae. Mwanamke hupenda ustaarabu kwa mtu ambaye yupo serious naye hivyo ukionesha hasira kabla hata hujamtongoza unaweza ukamkosa msichana hivihivi wasichana huwaogopa wavulana wenye hasira na wagomvi kwa sababu hupenda kubembelezwa.

Mdekeze

Msichana anapenda kudeka anaenda kudeka sana na kubembelezwa sana hivyo mvulana ukidekewa usikasirike eti huyu msichana kazidi wewe ndio wakati wako wa kumuonesha msuchana wako unampenda mdekeze mpaka aone aibu kudeka siku nyingine. Wasichana wameumbwa kwa jili ya wavulana ndio maana hudeka hii ndiyo silaha pekee na ya mwisho kumpata msichana.

How can Tanzania grow the sector and exploit the unique combination of factors Africa has in her favour?

Young age Population in Tanzania

50 per cent of Africa’s population is under 25 years old. Tanzania has a young population age, which presents the opportunity to target this sector because they will be future customers of insurance products and a new generation of talent and human capital.

Insurance sensitisation

Tanzanians must trust insurers, understand why they should invest their hard earned shillings in insurance products and learn more about insurance- it is not an investment or savings policy like a bank but a non-tangible commodity that offers protection. Cultural differences and emotional trust are vital; especially in Tanzania which has such a diversity of languages.

Natural resources in Tanzania

Tanzania has mining, tourism and agricultural resources which will drive up economic growth and as this happens, insurance infrastructure must grow to support it, through greater capacity to underwrite and through new products. As GDP per capita rises insurance penetration will rise until it saturates - this is referred to as an S Curve. In support, inflation is stable, agricultural GDP is increasing and mobile money/mobile technology is a boom industry; and indeed there is a wider growing financial services sector. Insurance can underpin the growth.

Micro-Insurance in Tanzania

Tanzania has a Micro-Insurance Act which provides a framework for growth. Micro-insurance is low cost insurance with low levels of cover for the mass market. The challenge is the balance of pursuit of a new market and growth vs. risk - how to understand the customer, how to avoid non-payment of genuine claims. The key is striking the balance; increase access to insurance and make it simple and easy and pay claims fast with jargon free policies in Swahili; but ensure you as the underwriter has some risk management. Insurers must work with agents, brokers and utilise mobile technology to exploit this market. A micro-insurance customer today may be your main stream customer tomorrow.

Distribution channels

Insurers must innovate to reach the large rural Tanzanian population in towns and villages, not just with micro-insurance but also with partnerships and technology. Bank assurance is an example - whether it is a strategic alliance, a bank owned insurer, a joint venture or fully integrated service. However, exploit the emerging middle class who have more disposable income and a need for insurance products - by 2020 there will be 250 million middle class Africans.

Data analytics

Data is a powerful underwriting tool and can aid innovation and pricing. Insurers can use the latest weather insurance tools to shape agriculture policies based on index pricing and accurate risk knowledge. Mobile technology growth is up 100pc in Africa so insurers must leverage on this and use social media alongside analytics.

Takaful insurance in Tanzania

Tanzania has a large Islamic population (the biggest concentration in East Africa) and needs to ensure there are Sharia compliant insurance products and policies to cater for their needs; this will drive penetration as can be seen in Morocco and other West African countries.

Reduce insurance fraud

Insurance fraud was estimated to add 31 per cent to the cost of the premium in Tanzania. If fraud is detected and reported and stakeholders share intelligence and data, the customer will benefit through lower premiums, which will push up penetration. The challenge is to enhance preventative risk management controls and be leaner at investigations.

Improve customer care

Adopting practical customer concepts like embracing conduct risk management principles (for example delivering fair outcomes) will mean Tanzania steals a march on other East African countries - the new Ombudsman is a good example of placing more focus and care around customers and it must extend from product design to claims payments in both main stream and micro insurance

Increase private sector and FDI (foreign direct investment)

Working with foreign organisations and local private sector entities will complement the balance between nurturing local talent and local insurers/re-insurers vs external support. Kenya has a stronger private sector as a comparable but Ethiopia does not. This will support wider infrastructure growth.

If the sector uses enterprise risk management to look holistically at its operations it can identify these opportunities and challenges; how far along is it in taking such steps, where it is strategically increasing penetration and growth and how to balance risk taking vs reward. This must be supported by capacity building and investment in people, processes and products.

If this happens, the insurance sector can look forward to increased growth and investment, therefore strengthening the economy and the market reputation in the region.

By 0754233717

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Weird brews around the World.

Snake wine, Vietnam

The history of snake wine starts in China but has spread throughout South-east Asia and is especially popular in Vietnam, where poisonous snakes are infused in rice wine (their venom is rendered harmless by the alcohol). It’s drunk by brave locals, Instagramming tourists and is also said to be a male health tonic (yes, in all ways). If animal cruelty isn’t an issue for you, there’s Le Mat (known as “Snake Village”) in Hanoi, where you can pick out a live snake, have it slaughtered to order and are then served a flight of drinks infused with its blood, gall bladder juice and heart.

Baby mice wine, China

China’s renowned for its interesting foods, but this one takes the biscuit: wine infused with dead mice – only babies, though, because ones with fur would be disgusting. It’s not common, but can still be found in southern China, where it’s usually used as a health tonic rather than straight up booze. (For straight up booze, try snake wine.)

Meaning and basic concepts of Insurance

General Meaning and Concepts: Insurance means a promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured (the person, group, or property for which an insurance policy is issued.) and the insurer (the party to an insurance arrangement who undertakes to indemnify for losses). In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of the specified event.

Insurance Meaning and Concepts Provided by the ITA, 2004

The ITA does not provide a meaning of the word insurance; it is presumed that the word has the meaning as used in the general sense. However it gives us a meaning of insurance business as a business of an insurer in effecting, issuing and carrying out insurance. This meaning is provided by S.3 of the Act.

Categories of insurance business

In general  usage insurance business can be categorized in several groups including Auto Insurance; Home Insurance; Health Insurance; Accident, Sickness, and Un-employment Insurance; Property insurance; Liability Insurance; Credit Insurance; and several others. But the ITA gives us only two categories of insurance businesses and these are life insurance business and general insurance business.

Life Insurance Business (S. 59 & S. 3)

Life insurance means insurance to be paid to the beneficiary when the insured dies. Life insurance provides a monetary benefit to a descendant’s family or other designated beneficiary, and may specifically provide for income to an insured person’s family, burial, funeral and other expenses. Life Insurance policies often allow the option of leaving the proceeds paid to the beneficiary either in a lump-sum cash payment or an annuity. Annuities provide a stream of payments and are generally classified as insurance because they are issued by insurance companies, are regulated as insurance, and require the same kinds of actuarial and investment management expertise that life insurance requires.

But the ITA refers to life insurance as insurance of any of the following classes:
Insurance where the specified event is the insured or an associate of the insured;
Insurance where:-
the specified event is an individual who is the insured or an associate of the insured sustaining personal injury or becoming incapacitated; and the insurance agreement is expressed to be in effect for at least five years or without limit of time and is not terminable by the insurer before the expiry of five years except in circumstances prescribed by the regulations;
Insurance under which an amount or series of amounts is to become payable to the insured in the future; and
Re-insurance of insurance referred to under paragraphs (a) to (c).
Life insurance business means a business of an insurer in effecting, issuing and carrying out life insurance.

Taxation Principles [S. 59(1)]

All activities of a person that are carried in conducting life insurance business are required to be treated as a business separate from any other activity of the person and the person’s income or loss for any year of income shall be calculated separately. That is to say, if you conduct general insurance business, life insurance business or any other type of business, you must calculate your income for the general insurance business, the life insurance business and the other business separately.

Computation of Income from Life Insurance Business

You should not include in your income any premiums you receive as insurer or re-insurer or any proceeds from reinsurance where you had to pay out and make a claim of the re-insurance.
You may deduct ordinary business expenses and commissions. However, you should not deduct expenditure on proceeds you pay out as insurer or re-insurer, or premiums paid to re-insurers where you take out re-insurance.
Proceeds of an insured person from life insurance issued by a resident insurer are exempt in the hands of the insured. Proceeds from life insurance from a non-resident insurer are not exempt and are included in the investment income of the insured.

General Insurance Business (S. 58 & S. 3)

General insurance business is not defined in the Income Tax Act, however the Act refers to general insurance business as any insurance business that is not life insurance business.

Taxation Principles [S. 58(1)]
All activities of a person that are carried in conducting a general insurance business are required to be treated as a business separate from any other activity of the person and the person’s income or loss for any year of income shall be calculated separately. That is to say, if you conduct general insurance business, life insurance business or any other type of business, you must calculate your income for the general insurance business, the life insurance business and the other business separately.

Computation of Income from a General Insurance Business
You include in your income:
  • Premiums received as an insurer or re-insurer
  • Any proceeds from re-insurance where you had to pay out and make a claim of the re-insurance
You deduct from your income
  • Expenditure on proceeds you pay out as insurer or re-insurer
  • Any premiums paid to re-insurers where you take out re-insurance
Otherwise you should calculate your general insurance business income as any other business.

Principles guiding determination of proceeds from insurance (S. 60)

Proceeds derived from insurance are normally derived in the form of compensation/indemnification. Taxation principles related to compensation are provided by S. 31. According to this section, where a person or an associate of the person derives compensation amounts, the compensation amount shall be included in calculating income of the person and takes its character from the amount compensated for.
For instance, XYZ Company insured its stock in warehouse against theft. On occurrence of the event of theft, XYZ Company will write off stock by that amount. This will reduce the profit stated by the company. But if the insurer is satisfied and compensates for the loss, then XYZ Company has to disclose the amount compensated as part of the realized stock.
But sometimes the insured can obtain a gain from insurance. The gain is the extent to which proceeds from life insurance paid by an insurer exceed premiums paid to the insurer with respect to the insurance.
Whenever such a gain happen:-
  • In the case where the proceeds are paid by a resident insurer, they are exempt in the hands of the insured; and
  • In the case where the proceeds are paid by a non-resident insurer, included in calculating the income of the insured.
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