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Is it possible to pay the premiums in local currency in Malawi due to scarcity of forex

Is it possible to pay the premiums in local currency in Malawi due to scarcity of forex

Question: 
Is it possible to pay the premiums in local currency in Malawi due to scarcity of forex?

Answer: 

Most international insurance companies only operate in he major currencies of USD, Euro and GBP.  This is usually not a problem as clients in remote areas can either pay by credit card and the equivalent is deducted from the card or pay by annual bank transfer.  At the time of transfer, their local bank will calculate the equivalent in the local currency and convert to the currency the policy is in.

In addition to this, claim reimbursement can be made in many currencies which is very attractive to clients


     
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