Top Insurance Companies in Zambia: The Complete 2025 Guide

July 13, 2025July 11, 2025 by gustavo

Finding a trustworthy financial protection provider in Zambia is a critical step in safeguarding your health, family, and assets. With a growing market and numerous options, it can be difficult to know where to start. This comprehensive guide provides a clear, updated list of Zambia’s leading carriers to help you compare your options and make a confident choice.

The providers below are organized into clear categories, from general and life specialists to health plan providers, banks, and essential government bodies.

All Insurers

General & life providers
Health Insurance Providers
Insurance Brokers & Risk Advisors
Other Financial Institutions (Banks)
Government Schemes & Entities
Retirement Savings

Zambia State Insurance Corporation (ZSIC) General

Leading state-owned provider of general coverage, including motor, property, and business risk solutions.

Sanlam

Provides life policies, retirement annuities, funeral plans, and general protection solutions.

Professional Insurance Corporation Zambia (PICZ)

Offers a comprehensive range of general products with a focus on corporate clients.

Prudential Life

Specializes in innovative life, health, and investment-linked products for individuals and groups.

Zambia State Insurance Corporation (ZSIC) life

The life assurance arm of the state-owned firm, offering pensions, group life, and annuities.

Zambia National Commercial Bank (Zanaco)

Offers various financial products like life assurance and asset protection through its banking network.

Hollard

Provides a range of specialty products, often in partnership with other well-known brands.

NICO

Delivers a broad selection of general policies for personal, commercial, and corporate clients.

Madison General Insurance

A leading private firm offering a diverse portfolio of general products and services.

Stanbic Bank

Provides a range of financial products, including funeral cover and credit life assurance.

Absa Bank Zambia

Delivers credit life, funeral, and other personal policies to its banking customers.

PHOENIX Assurance Group

Offers a range of short-term covers for commercial, liability, and personal needs.

National Pension Scheme Authority (NAPSA)

Manages the national pension fund, providing mandatory social security retirement coverage to all workers.

Liberty Health

A specialist in providing comprehensive and flexible corporate and individual health insurance solutions.

MAYFAIR

Delivers a variety of general policies for both individual and corporate business needs.

Marsh

A global insurance broker and risk advisor.

Zambia Reinsurance PLC

A key player in the Zambian market offering reinsurance services to support primary carriers.

Pacific Prime

Offers international health plans in the region.

How to Choose the Right Insurance Company in Zambia

Selecting the best insurer requires more than just picking a name from a list. To ensure you get the right protection, follow these simple steps:

Consult: Consult: The official regulatory body for Zambia’s pensions and insurance industry, ensuring market stability. (PIA).
Read the Fine Print: Before you commit, carefully read the policy documents. Understand your responsibilities, the claims process, and any deductibles you will need to pay.
Assess Your Needs: Clearly define what you need to insure. Is it your car, your health, your life, or your business assets? Your needs will determine the type of policy you require.
Compare Different Providers: Request quotes from at least three different companies. Compare not only the price but also the coverage limits, benefits, and exclusions.
Check Financial Stability: Choose an insurer that is financially sound and has a good reputation for paying claims promptly. The PIA website is a good resource for licensed entities.

Explore further: To discover more insurance providers across the continent, visit:

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