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African Life Insurance
African Life Insurance has recently been acquired by Sanlam, the South
African insurance and financial services giant. Also known by its abbreviated
name of Aflife, the company is a fully black empowered entity. It operates in
several spheres, including life assurance, health insurance and fund management.
It has ownership of African Life Health and shares in numerous other insurance
and financial companies in Southern Africa, including Botswana Insurance
Holdings and Life Office of Namibia Holdings. It operates in 7 other African
countries, besides South Africa, having a presence in the markets in Namibia,
Lesotho, Tanzania, Ghana and Kenya. An example of its specific insurance
offering in these countries is its AIDS insurance scheme in Zambia.
African Life Insurance further consolidates Sanlam`s entry level
insurance offering, as the division caters primarily to the market of those who
have not been previously insured. This is part of a broader drive to make life
assurance more affordable and accessible to the majority of people in the
country. It also further bolsters Sanlam`s BEE assets, in line with their
commitment to broad based ownership in the insurance industry - and gives the
holding company further expansion into Africa to boot.
As far as products go, African Life now essentially offers the Sanlam suite
of long term insurance products, aimed at the entry level market. This includes
the LifePower range, provided to people living with HIV AIDS. One of the big
benefits of LifePower is that it can be used to help obtain home or business
loans. The life cover extends to other death benefits, like estate planning and
will preparation and administration.
You can do much of the legwork online at the Sanlam website, including
researching the various products, and registering for various services. There is
also a vast network of brokers who can guide you through all the company`s
products, with full contact details on the website.
Related Insurance Articles: - Virgin Insurance - Hippo Insurance - 1LifeDirect - Altrisk Insurance - AllLife Insurance - Woolworths Insurance - Prosper Insurance
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| | 4/30/2010 3:34:30 PM |
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