The core business of NICO Vida is the provision of life insurance, pension administration, pension fund management and related services. NICO Moçambique Vida is part of the NICO Holdings Limited Group (www. com) which has presence in Malawi, Mozambique, Tanzania, Uganda, Zambia and Zimbabwe ... More Details »
Its essential feature is that the savings components of premiums paid is distinguished from the part of the premium applied to meet management expenses and the cost of providing death cover. The savings are accumulated in a separate account in the name of the policyowner and interest is periodically credited to the account.