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Zambia Personal and Group Insurance Solutions | Sanlam Zambia

Sanlam in Zambia

Established in November 2002, Sanlam Life Insurance Zambia, formerly known as African Life Assurance Zambia, is the leading life insurance company in Zambia. We strive to meet our clients’ needs through first-class underwriting and risk advisory services, and the efficient settlement of claims.

We’re here to meet your needs

Life throws curveballs at all of us sometimes. Being prepared makes a world of difference.

Cover funeral expenses

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Save for something

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Protect my family

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Protect my income

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Save for retirement

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Let’s talk

Leadership

Chief Executive Officer to be advised

Valentine Kabonga

Chief Financial Officer

Matete Sichizya

Chief Operations Officer

Godfrey Tenesi

General Manager – Individual Life

Chanda E Mwila

Head of Human Resources

Mphatso Tembo

Head of Actuarial Services

Pamela Musonda Mwape

General Manager – Corporate Business

Oliver Gondwe

Risk and Compliance Officer

Personal

Be certain of your financial well-being despite life’s uncertainties.

We cannot predict or 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.

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.

Benefits:

  • Basic funeral benefit (policy holder, spouse, children and parents)
  • Double accident death benefit (no waiting period)
  • Hospital cash plan
  • (Daily cash payout on hospitalisation)
  • Dread disease cover equivalent to life cover

Optional benefits:

  • Inflation protector – benefits are hedged at appropriate rates against inflation and help keep up with the rising cost of living

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.

Benefits:

  • Funeral cover for the whole family
  • Cash back every 5 years at 10% of the total premiums paid
  • Death and premium waiver benefit

Optional benefits:

  • Cash bonus with option to withdraw annually
  • Inflation protector – benefits are hedged at appropriate rates against inflation and help keep up with the rising cost of living

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. 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.

Benefits:

  • Life cover – death benefit
  • Dread disease cover (cancer, stroke, heart attack, etc.)
  • Disability cover (TPD)
  • Cash back every 5 years at 10% of the total premiums paid
  • Additional cash back of three times the monthly premiums upon reaching the age of 65

Optional benefits:

  • Inflation protector – benefits are hedged at appropriate rates against inflation and help keep up with the rising cost of living
  • Funeral expense cover between K6 000 and K18 000 for you, your spouse, parents and extended family

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.

Benefits:

  • Life cover – death benefit
  • Double accident death benefit
  • Surrender value as high as 95%
  • Unlimited annual partial withdrawals up to 50% of the fund
  • Automatic paid-up benefit

Optional benefits:

  • Inflation protector – investment and life cover benefits are hedged at appropriate rates against inflation

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.

Benefits:

  • Death benefit
  • Disability cover in the event of partial or total permanent disability

Optional benefits:

  • Inflation protector – benefits are hedged at appropriate rates against inflation and help keep up with the rising cost of living

This product is sold to retirees and bought using a lump sum. In return for the single premium, the policyholder (annuitant) will receive regular annuity payments which will continue until death. This single premium retirement annuity comes with an escalation option of 0%, 2.5%, 5% or 15% and has a guarantee of 0.5 or 10 years payment benefits which are paid monthly, quarterly or annually. It includes a joint life option and commences immediately after being taken out.

Target markets:

  • Employees who have reached retirement age and have been paid a lump sum
  • Employees who have been retrenched and have been paid lump sum retrenchment benefits
  • Beneficiaries of group life, personal accident (or any life product), death benefits (including PTD) who may need regular annuity payments rather than a lump sum payment
  • Pension schemes that are winding up and want to give their members annuity payments
  • Generally, all who have a lump sum and don’t want to outlive their income

Corporate

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 upfront. 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:

  • Employees who have reached retirement age and have been paid a lump sum
  • Employees who have been retrenched and have been paid lump sum retrenchment benefits
  • Beneficiaries of group life and personal accident (or any life product) death benefits (including PTD) who may need regular annuity payments rather than a lump sum payment. Often, the amounts paid are large and the beneficiaries may not have the experience to handle large amounts.
  • Pension schemes that are winding up and want to give their members annuity payments
  • Generally, all who have a lump sum and don’t want to outlive their income

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.

The target market includes:

  • Sancare Bronze – a maximum annual in-patient and out-patient limit K80,000.00
  • Sancare Nickel – a maximum annual in-patient and out-patient limit K100,000.00
  • Sancare Silver – a maximum annual in-patient and out-patient limit K200,000.00
  • Sancare Gold – a maximum annual in-patient and out-patient limit K450,000.00
  • Sancare Platinum – a maximum annual in-patient and out-patient limit K700,000.00

For more information, please download documents below

Service provider list

Refund claim form

Preauthorisation form

Contact us

Head Office

Zenera Office Park
Corner of Lagos and Lubuto Roads
Rhodespark

P.O Box 31991
Lusaka. Zambia.

Email: customercare@sanlam.co.zm
Tel: +260 21 125 7711 to 15

Toll Free: 7549 (MTN and Zamtel)
Hotline: 0764417549

Branches

Kabwe Branch
Chitanda House
Tel: +260 21 522 3783 / 22 3728

Mansa Branch
Napsa Building
Room 1103, 1104, 1105
Mansa
Tel: +260 21 282 1291

Solwezi Branch
Napsa Building
2nd Floor Room 216
Independence Avenue, Solwezi
Tel: +260 21 882 1597

Mufulira Branch
Room 1
Straight Liners Building
Mufulira
Tel: +260 21 2410978

Chipata Branch
Plot 650
Opp Znbc Lungwa Street North
Chipata
Tel: +260 21 622 3808

Mpika Branch
NAPSA Mpika Office Building
Along Great North Road
Tel: +260 21 437 0365

Chingola Branch
D Chilolo Building No, Room 2
Town Center
Tel: +260 21 231 0389

Chinsali Branch
NAPSA Chinsali Office Building
Tel: +260 21 456 5097

Ndola Branch
Tazara Minet House
Plot 1199
Buteko Avenue
Tel: +260 21 262 2041

Kitwe Branch
S/D/E/1591 Kantanta Street
Nkana East
Tel: +260 21 222 4339

Kasama Branch
Room 1, Findeco House
Mubanga Chipoya Road
Tel: +260 21 422 1626

Mazabuka Branch
Dainfern Plaza
Plot Number 1246/L
Main Street
Tel: +260 21 231 0389

Livingstone Branch
Room 2, Ministry of Justice Building
Along Akapelwa Road
Tel: +260 21 332 3042

Mongu Branch
Room 526
NAPSA Building
Tel: +260 21 722 1054

Choma Branch
Kings Center Mall
Stand No.K1405
Town Center
Tel: +20 21 332 6305

Lusaka Branch
Nkwazi House
Central Business District
Corner of Chachacha and Nkwazi Roads
Tel: TBA

Sanlam Life Insurance is a licensed financial service provider.
Copyright © Sanlam