Mr. Michael Mundashi is an eminent lawyer in private practice and holds other directorships, including Standard Chartered of which he is the non-executive chairman. He was the first non-Executive Chairman of the Revenue Appeals Tribunal and has worked on a number of Zambian government teams to negotiate double taxation agreements with other countries. He is an expert in the fields of conveyancing, securities, corporate advisory, insolvency, tax, labour law, debt recovery and general litigation, and has represented many companies in Zambia and abroad.
Chief Executive Officer to be advised
Monica Musonda is the CEO and founder of Java Foods, a Zambian-based food processing company. Monica is a dual qualified English solicitor and Zambian advocate who held several senior positions in private practice with Clifford Chance & Edward Nathan, and worked as an in-house corporate counsel at International Finance Corporation and for Dangote Group. Her experience working with Aliko Dangote, Africa’s richest man and one of the continent’s most successful entrepreneurs, gave her the impetus to hang up her corporate law career to become an entrepreneur. Monica also serves as non-executive director on the Boards of Zambia Sugar Plc, Dangote Industries Zambia Limited and sits on the Global Advisory Board for Scaling Up Nutrition Business Network. She is a 2013 Young Global Leader (World Economic Forum) and has been named by Forbes Magazine and Africa Investor as one of the leading Young Power Women in Business in Africa in 2013 and 2014.
Muna Hantuba is the Chief Executive Officer of African Life Financial Services (Zambia) Ltd. With a BA Econ, B. Admin and MBA from Stirling University in the UK, Muna holds numerous directorships in Zambia including that of Chairman of Lafarge Cement Zambia Plc, and Director of American Corporation in the Financial Services division where he rose through the ranks to the position of Head of Corporate Services. He is a past Chairman of the Securities & Exchange Commission of Zambia and the Economics Association of Zambia.
Caleb Mulenga holds a Master’s Degree in Business Administration from Webster University, Saint Louis Missouri. He is also a graduate of the University of Zambia with a Bachelor’s Degree in Economics and Business. He has a Certificate in Financial Restructuring from Arthur D. Little Inc. Management Institute, Boston USA. Caleb previously worked as project officer at Development Bank of Zambia and rose to the position of Regional Manager where he was for eight years before setting up and becoming Chief Executive Officer of Superior Milling, which is one of the market leaders in the milling industry in Zambia.
An MBA graduate from Oxford Brookes, Gaffar is also a fellow member of Chartered Association of Certified Accountants (FCCA). Gaffar is the Executive, Sanlam Emerging Markets South, responsible for Namibia, Botswana, Malawi, Zambia and Zimbabwe. Prior to the SEM role, Gaffar was the Group CEO for Botswana Insurance Holdings Limited (BIHL) since 1 December 2011. He joined BIHL in April 2003 as the Group Finance Manager and Company Secretary, and has held several positions within the Group, including Head of Finance, Chief Operating Officer, Group Finance and Operations Officer, before finally being appointed as the Group CEO. He previously worked for PricewaterhouseCoopers (Malawi and Botswana offices) and rose through the ranks to become an Audit Manager.
Cornie holds a B Compt Honors degree from the University of South Africa and a Master’s in Business Management from the current University of Johannesburg. He also attended a course on Delivering Information Systems at Harvard Business School and in 2015 he completed the FIDE Directors course in Malaysia. Previously Group Director: Finance of the Denel Group, he become the Chief Operating Officer of Channel Life, a subsidiary of Sanlam Developing Markets, in 2002. He held this position until 2007 when he was appointed as Chief Operating Officer of Sanlam Developing Markets. He then moved to Sanlam Emerging Markets as Chief Operating Officer in 2012. At the moment Cornie also serves on the Boards of Directors of MCIS in Malaysia, Channel Management Services and Sanlam Life Insurance Tanzania.
With 32 years of experience in the Industry, Warren has worked in two continents, Africa and Asia. In South Africa, he was General Manager for African Life Insurance heading the Agency Distribution, was Chief Executive Officer for Sanlam in Uganda and General Manager for the East Africa Regional based in Kenya. On the Asian continent, he worked as Executive Director for Shriram Life (a member of the Sanlam Group) in India. He is currently a Board Member of Sanlam Uganda and Sanlam Rwanda, and is a Senior Executive – Distribution Support for the Sanlam Group based in Cape Town South Africa.
Be certain of your financial well-being despite life’s uncertainties.
We cannot predict or sometimes prevent unfortunate events such as sickness, accidents, death or theft. However, these events can have a significant impact on your financial well-being. If you have the right insurance, you can have peace of mind that you will be able to cover unplanned expenses or a loss of income.
This product provides high levels of life cover with medical underwriting. Prospective policyholders will be asked to complete a medical questionnaire, undergo medical tests and complete a financial questionnaire.
Life Guard is term life policy that provides you with high levels of life cover with limited underwriting. In the event of death, the full sum assured is paid to your beneficiaries.
The Family Protection Plan provides a daily cash benefit upon your hospitalisation, a funeral benefit and a dread disease benefit to your immediate family and parents. In other words, the plan provides readily available funds in the event of death or illness.
The level of cover will vary, depending on the plan you choose, and premiums start from as little as K3.50 per day. Any citizen or resident of Zambia between the ages of 18 and 55 is eligible, but it’s important to note that cover ceases at the age of 60.
The Angel Life Assurance Plan covers you, your spouse, children, parents and extended family. The plan is designed to provide funds in the event of the passing of a loved one, and the insurance benefits range from ZMW 2 500 to ZMW 30 000 on the death of any member of your extended family.
This policy can cover a maximum of seven lives which would constitute the main life and lives of the spouse, children, parents and extended family. A 35-year-old person, for a sum assured of K50,000 covering the entire family, will pay K11 premium per day. Any citizen or resident of Zambia between the ages of 18 and 55 is eligible, but it’s important to note that cover ceases at the age of 60.
The Quattro Life Plan provides high levels of life cover with minimal underwriting. While prospective policyholders only need to complete a medical questionnaire, further underwriting or limits on the cover may be set, depending on the outcome. The plan is designed to protect the financial well-being of the family in the unfortunate event of the breadwinner’s passing.
A 40-year-old person will pay K2.6 premium per day for a sum assured of K25,000.00. Any citizen or resident of Zambia between the ages of 18 and 55 is eligible, but it’s important to note that cover ceases at the age of 60.
Dream Builder is a two-in-one life assurance policy that provides loved ones with financial protection in the event of your death, and also serves as an investment vehicle that helps you save for the future.
The Life Cover Premium is K2 per day for K15, 000 cover, whereas the Savings Premium is K4 daily – the maximum amount depends entirely on you. The term can range from a minimum of 5 years up to 20 years, and any citizen or resident of Zambia between the ages of 18 and 55 is eligible. No underwriting is required for this product.
The policy pays a lump sum equal to the sum assured, should the policyholder, members of the immediate family or any extended family members covered under the policy die. In addition, there is an optional monthly income protection benefit that is payable if the principal life assured dies. This product is sold to Standard Chartered Bank’s clients through the SCB Bancassurance Scheme.
This product provides hospitalisation cover for the client, spouse and children, and requires no underwriting. It also offers a daily allowance to the insured, subject to the conditions of the policy. It is sold to Standard Chartered Bank’s clients through the SCB Bancassurance Scheme.
This product requires no underwriting and provides a mechanism to save for
a future event as well as life cover, which is payable to the policyholder’s nominated dependent. The savings component of the product is a unit-linked savings fund. Other features include a death and maturity value as well as an inflation protector.
Through Sancare Medical Insurance we also offer our clients modern medical insurance solutions that are tailor-made to suite today's lifestyle.
Life Saver is a life assurance policy covering the Life Assured and only pays out to the nominated beneficiaries when you, the policyholder, pass away. The product is designed to provide replacement income for your family, so that you can provide for your loved ones even after you are gone.
The premium for a 30-year-old person, for a sum assured of K400,000, is K8.85 per day. Any citizen or resident of Zambia between the ages of 18 and 55 is eligible, but it’s important to note that cover ceases at the age of 60.
Be certain of your business’ financial well-being despite life’s uncertainties.
EnterPrize Life allows the Principle of a small business to insure staff who are critical to the business. In the event of a tragedy, the business will receive the life insurance claim payment so that your business can continue.
That is not all, the small number of staff the business owner may employ who are possibly friends or even family members, are also covered so that their dependents receive a lump sum in the event of a tragedy.
Partner with Sanlam for a range of specialised group risk products.
As a provider of group life and disability benefits, institutional investments, risk services and more to institutions and retirement, we can also make your business a winner.
Our Group Life Product provides annual cover to employees of a registered company, and the premium is paid by the employer. It covers the risk of death, and total permanent disability (TPD) is offered as a rider benefit at an additional premium of 40% of the group life premium. Upon death or TPD of an employee, a lump sum is paid to the employer to pay to the beneficiary.
This policy covers the funeral expenses of the employee and immediate family members. The cover provided is between ZMK500 000 and ZMK15 000 000 per life. It covers the risk of death, and the cover provided is for one year.
Our Credit Life Policies are offered to companies, microfins and banks. It covers the outstanding balance of a loan as well as death and disability. The beneficiary is the lender and a single premium is paid up front. At the moment we cover the key man using credit life terms.
This is a single premium annuity with an escalation option of 0%, 2.5%, 5% or 15%. In return for the single premium, the policyholder (annuitant) will receive regular annuity payments which will continue until death.
The target market includes:
This product is sold to retirees and bought using a lump sum. It has a guarantee of 0, 5 or 10 years and the benefit is paid monthly, quarterly or annually. It includes a joint life option and commences immediately after being taken out.
The Sancare Medical Scheme is designed to enable employers to provide their employees with quality medical care that will meet their specific needs and requirements.
Sancare offers both in-patient and out-patient plans. Depending on which option the employer or employee chooses, the benefits may include hospital care, maternity care, cancer treatment, dental care, chronic illness cover for certain conditions, and ward accommodation. For more information, please download documents below.
Sanlam Life Insurance Zambia Ltd
Corner of Ituna and Nasser Road
P.O Box 31991
Tel: +260 21 125 7713
Fax: +260 21 125 7711
Mukuba Pension House
3rd Floor, Room 403
Tel: +260 21 222 4339
House Number 71-13
Th Street Nchanga South
Tel: +260 21 231 0389
Plot Number 9
Independence Avenue, Kasama
Tel: +260 21 422 1626
House Number 14
Independence Road, opposite Council Library
Tel: +260 21 262 2041
Room 1103, 1104, 1105
Tel: +260 21 282 1291
Corner of Obote & Mosi-O Tunya Road
Tel: +260 21 332 3042
Opp Znbc Lungwa Street North
Tel: +260 21 622 3808
2nd Floor Room 216
Independence Avenue, Solwezi
Tel: +260 21 882 1597
Along Great North Road
Next to Zanaco Bank
Tel: 0954 433 553
Straight Liners Building
Tel: 0955 417 391
Plot Number 2017/2023
Chabuka General Dealers, along Namumbuluma Road
Tel: 0955 433 553
Kaonga plot #649
Tel: +260 21 323 0054
Tel: +260 21 522 3783 / 22 3728