CBZ Life Limited was established in 2010 and licensed to transact long term insurance business. CBZ Holdings has 100% shareholding in the company. The newly formed CBZ Life has on board shareholders, directors, management and staff who have a wealth of experience in life insurance. Funeral Insurance involves providing a pre-defined benefit amount on the client’s death payable immediately to the specified beneficiary of the policy holder`s estate.
Credit Life Insurance entails the provision of a benefit amount equal to the loan amount outstanding (or alternatively an amount equal to the original loan) in the event of the client’s death (and possible disability). In addition the loan repayments of 3 or 6 months can be paid in the event of retrenchment.
Term insurance involves providing a pre-defined benefit amount in the event of the client’s death payable to the specified beneficiary of the policyholder`s estate.