ZSIC LIFE LIMITED
WHO WE ARE
ZSIC Life Limited has vast experience in long term insurance and has operated as a division under the Zambia State Insurance Corporation Limited from 1968 to 2005. Following the amendment of the Insurance Act No. 27 of 1997 as amended by Act No. 26 of 2005, the Zambia State Insurance Corporation was split into three separate business entities, namely ZSIC Limited, which was the Holding Company until April 2017, ZSIC General Insurance Limited and ZSIC Life Limited as subsidiary companies.
ZSIC Life Limited was incorporated on 23rd April 2008 under the Companies Act, CAP 388 of the Laws of Zambia. It was registered as an Insurer under the Insurance Act, No. 27 of 1997 (as amended). It is a subsidiary of the Industrial Development Corporation (IDC), an entity which is wholly owned by the Government of the Republic of Zambia (GRZ).
ZSIC Life Limited prides itself among the leading assurance, savings and wealth management business in its chosen markets in Zambia and maintains a flexible Administration and Pension Fund Management business portfolio to meet the ever-changing needs of esteemed clients. In addition, management has continued to invest prudently in line with International Insurance Financial Standards.
" To be the most preferred provider of world-class life assurance, pension and fund management services in the Southern African region "
" To provide the market with flexible, reliable and quality life assurance, pension and fund management services through innovation and a motivated staff, in order to enhance stakeholder value "
" ZSIC Life engenders values that have defined the ZSIC Brand over the Years. Stakeholders’ Value Optimisation is anchored on : Integrity and Honesty, Prudent Underwriting , Innovation and Creativity , Equitable work environment, Effective Communication. "
ZSIC Life Limited boasts of vast experience spanning 50 years. We have technical expertise in tailor-making a wide array of products to suit varied customer needs. The Company has also acquired experience in the management of various risk profiles. This is further backed by a solid asset base and sound reinsurance treaties. With a branch network of 27 outlets and over 500 Sales Executives, the Company has the widest reach in the industry. In the quest to reposition the brand, ZSIC Life Limited remains resolute to upholding the tenets of best corporate practice. The operations continue to be guided by the values which the Company highly upholds.