News & Media

ZSIC Life Repositions

ZSIC Life Limited unveiled and added two products to their bouquet at Lusaka’s Intercontinental Hotel on Thursday 26th April 2018. The colourful event was graced by the Northern Province Minister Honourable Brian Mumdubile, Ministry of Finance Permanent Secretary Budget Control Dr Pamu, Permanent Secretary Economic Management and Finance Mr Mukuli Chikuba,  IDC Chief Portfoli Officer Mr Henry Sakala, PIA Acting Deputy Registrar Namakau Ntini and other high ranking officials from both the private and public institutions.


Speaking during the launch, Dr Pamu said that Government envisages  that  with the accelerated public sensitization on the needs and essence of insurance cover by customers, Zambia will ensure it attains the envision middle income status by 2030 that will have deepened the financial inclusion of the majority 16 million populace, with a call for more products.

“We  would like to see more of the products on the market being rolled out that will address the needs and challenges of the people of Zambia….we would like to see the sector making available products which are affordable, easily accessible especially in terms of claims settlement.

Dr. Pamu reiterated Government’s unflinching desire for all parastatals to remain self sustaining unlike relying on subsidies from the central Government hinting that all players are expected to be innovative and remain abreast with the demands of the market.


Meanwhile ZSIC Life Managing Director Christabel Banda said that 2018 was a special year for her institution as it marked 50 years of existence. She said that the Company recently implement a three year Strategic Plan which will run from 1st  January 2018 to 31st December 2020. The celebration marks what she termed as the REBIRTH OF ZSIC LIFE on the Zambian market which will result in the repositioning on the business on the Zambian market with a renewed focus on customer needs, enhanced productivity, embracing IT trends to cope with modern business practice and evolution of the corporate culture. She further stated that the Company had continued to make positive strides. “We are pleased to inform you that in the year 2017, ZSIC Life Limited posted a profit before tax of K14 million with a contribution of K5.2million to the treasury.”

ZSIC Life Board Chairperson, Dr. Ernest Beele stated that it was gratifying to see that the Strategies in the Strategic Business Plan had started bearing fruit as demonstrated in the submission of Financials in time as well as the launch of the Products within the planned first half of 2018. He further stated that the Company is poised to return its market share leadership position by 2020.

At the same event, Industrial Development Corporation IDC  Chief Portfolio Officer Mr Henry Sakala said he was delighted to attend the launch of the two revised products by the national insurance corporation  as it had the potential to enhance the  much needed revenue for the Company.

“I am further delighted given that barely two weeks ago, my office received Audited Financial Statements for ZSIC LIFE Company for the year ending 31st December 2017 which showed that the Company had registered a profit” Mr Sakala said.

And Pensions and Insurance Authority Manager Policy and Analysis, Mrs Namakau Ntini implored ZSIC LIFE Limited to ensure that the products being launched were easily accessible by the majority of the population. She further urged the Company to continue playing an active role in the national consumer sensitization activities so as to increase the number of insured in the Country.

The two products launched are the CHIKWAMA Savings Plan and the KWACHA PLUS Investment Plan. Chikwama Saving Plans is a pure savings product designed to provide an investment option for both the short and long term, while the Kwacha Plus Investment Plan offers an opportunity to have both investments and life cover in one policy.

ZSIC Life Commemorates Labour Day

 

ZSIC Life Management and Staff joined the country wide work force in commemorating the 2019 labour day under the theme -Enhancing productivity and Alleviating poverty through the decent work agenda.

In interpreting the theme; ZSIC life Managing Director Ms Christabel Michel Banda said the theme was in line with the desires of the company to ensure decent work for all employees and in turn alleviating poverty and contributing to National development.

She thanked staff for their hard work and dedication which has led to improved company performance.

Ms Banda said the recorded company success can be attributed to staff productivity and every member of staff should be proud to have been part of the success.

She said that all employees where living the ZSIC Life repositioning agenda and should be applauded.

The ZSIC Life Managing Director made the remarks during the annual award giving ceremony which recognized staff in several categories that included, long service, the most hard-working employee, Most disciplined, Most improved and early bird award.

Ms. Banda said Management will continue to work in line with the law provisions and dialogue with the union on matters of staff welfare including issues of accommodation. This was in response to a speech read by the ZSIC Life ZUFIAW Branch Chairperson Mr Chabakola Kasukumywa who urged management to consider extending mortgage facilities to all unionized staff and further increase award categories.

The Union branch leadership has since   been uploaded for the mature way they have engaged management on various issues.

The Awards ceremony was also attended by the Zambia Union of Financial institutions and Allied workers (ZUFIAW) Deputy Secretary General, Mutelo Mabenga.

 Mr Mabenga reminded Staff that for the company to succeed; all members of staff should actively participate in achieving the company goals, because success was dependent on each individual input.

The Award ceremony which saw Number of employees walking away with certificates of recognition and cash appreciation packages was preceded by a match past at the freedom statue, ZSIC Life offices country wide also took part in the celebrations and awards ceremony.

ZSIC Life Swings into ZANACO Masters

ZSIC Life has swung in with support towards the successful hosting of the 2019 ZANACO Masters which tees off today Thursday 4th April 2019 at the Lusaka Golf club.

Head of Marketing and Public Relations Jacob Chirwa says ZSIC Life is proud to be associated with the ZANACO Masters as one of its sponsors, given that the tournament has become one of the leading sports showpieces locally and in the region as well.

ZISC life is Zambia`s long standing insurance company which has offered support to various sports disciplines and is committed towards the development of sports in Zambia.

We wish the Zambian players all the best as they tee off today!

 

ZSIC Life Limited Supports the Central Province Expo

Cheque Presantation

 

 

Central Province Minister Hon Sydney Mushanga has thanked ZSIC Life Limited for supplementing government’s efforts of boosting investments to the Central Province. The Minister said this during a cheque presentation ceremony at the Central Province Investment Forum and Expo in Kabwe. ZSIC Life donated a cheque worth K160, 000.00 towards the successful hosting of the Central Province Expo.

“We are grateful for this donation as it will go a long way in ensuring that all the gaps are filled and thus enable us to successfully host this event” the Minister added. He thanked ZSIC Life for partnering with the government towards the successful hosting of the Central Province Expo intended at generating value addition for the Province and the nation at large.

In presenting the K160,000.00 cheque donation to the Central Province Minister, the Acting Managing Director Mr. Kazungo Petulo said that ZSIC Life Limited was happy to partner with the Central Province Investment Forum and Expo and hoped that the donation will help with the successful hosting of the event.

Speaking during the same event ZSIC Life Head of Marketing and Public Relations, Jacob Chirwa said ZSIC Life responded to a call from the Provincial Administration and decided to partner with the government because of the strategic importance that the expo is bringing to the nation.

Mr Chirwa said ZSIC Life celebrated 50 years and going into the next 50 years the Company was now operating under a new Strategic Plan themed repositioning for improved stakeholder value and as such the Company was pleased to be part of an event that will see the repositioning of Central Province.

The event was graced by the Minister in the Office of the Vice President Hon Sylvia Chalikosa, Central Province Permanent Secretary Chanda Kabwe, His Royal Highness Chief Kanyensha of Luano District, Hon. Tutwa Ngulube MP for Kabwe Central, Mayor for Kabwe and the Mayor for Kapiri Mposhi.