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.