South Africa · Southern Africa · class L
Life insurance companies in South Africa
63 licensed life insurers, 45% of the 140 insurance entities supervised by the Prudential Authority (SARB) and Financial Sector Conduct Authority. Long-term life assurance, annuities, pensions and savings products.
| Company | Class | Parent / group | Ownership | Regulator | Verification |
|---|---|---|---|---|---|
| 1 Life Insurance Limited Acquired by Clientele 2024 | LLife | Clientele Ltd | Domestic private | PA / FSCA | Verified |
| 27Four Life Limited | LLife | 27four | Domestic private | PA / FSCA | Verified |
| 3Sixty Life Limited Under curatorship since 2021 - verify status | LLife | NUMSA Investment Co | Domestic private | PA / FSCA | Verified |
| AIG Life South Africa Limited | LLife | AIG | Foreign multinational | PA / FSCA | Verified |
| AVBOB Mutual Assurance SOCiety | LLife | AVBOB | Mutual / cooperative | PA / FSCA | Verified |
| Abacus Life Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Absa Life Limited | LLife | Absa Group | Pan-African group | PA / FSCA | Verified |
| African Rainbow Life Limited | LLife | African Rainbow Capital / Sanlam | Domestic private | PA / FSCA | Verified |
| African Unity Life Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Alexander Forbes Investments Limited | LLife | Alexander Forbes | Domestic private | PA / FSCA | Verified |
| Alexander Forbes Life Limited | LLife | Alexander Forbes | Domestic private | PA / FSCA | Verified |
| Allan Gray Life Limited | LLife | Allan Gray | Domestic private | PA / FSCA | Verified |
| Assupol Life Limited Acquired by Sanlam 2024 | LLife | Sanlam Group | Pan-African group | PA / FSCA | Verified |
| Bidvest Life Limited | LLife | Bidvest Group | Domestic private | PA / FSCA | Verified |
| Bophelo Life Insurance Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Brightrock Life Limited | LLife | Sanlam Group | Pan-African group | PA / FSCA | Verified |
| Bryte Life Company Limited | LLife | Fairfax Financial | Foreign multinational | PA / FSCA | Verified |
| Cadiz Life Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Centriq Life Insurance Company Limited Cell captive | LLife | Sanlam Group | Pan-African group | PA / FSCA | Verified |
| Clientele Life Assurance Company Limited | LLife | Clientele Ltd | Domestic private | PA / FSCA | Verified |
| Constantia Life & Health Assurance Company Limited Group in liquidation 2022 - verify status | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Constantia Life Limited Group in liquidation 2022 - verify status | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Coronation Life Assurance Company Limited | LLife | Coronation Fund Managers | Domestic private | PA / FSCA | Verified |
| Discovery Life Limited | LLife | Discovery Ltd | Domestic private | PA / FSCA | Verified |
| Dotsure Life Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Fedgroup Life Limited | LLife | Fedgroup | Domestic private | PA / FSCA | Verified |
| Firstrand Life Assurance Limited | LLife | FirstRand | Pan-African group | PA / FSCA | Verified |
| Guardrisk Life Limited Cell captive | LLife | Momentum Group | Pan-African group | PA / FSCA | Verified |
| Hollard Life Assurance Company Limited | LLife | Hollard Group | Pan-African group | PA / FSCA | Verified |
| Hollard Specialist Life Limited Cell captive | LLife | Hollard Group | Pan-African group | PA / FSCA | Verified |
| Investec Life Limited | LLife | Investec | Domestic private | PA / FSCA | Verified |
| Just Retirement Life (South Africa) Limited | LLife | Just Group | Foreign multinational | PA / FSCA | Verified |
| KGA Lewens Beperk | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Land Bank Life Insurance Company SOC Limited | LLife | Land Bank | State-owned / parastatal | PA / FSCA | Verified |
| Liberty Group Limited Wholly owned by Standard Bank since 2022 | LLife | Standard Bank Group | Pan-African group | PA / FSCA | Verified |
| Lion Of Africa Life Assurance Company Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Momentum Ability Limited Cell captive | LLife | Momentum Group | Pan-African group | PA / FSCA | Verified |
| Momentum Metropolitan Life Limited | LLife | Momentum Group | Pan-African group | PA / FSCA | Verified |
| Nedgroup Life Assurance Company Limited | LLife | Nedbank Group | Domestic private | PA / FSCA | Verified |
| Nedgroup Structured Life Limited | LLife | Nedbank Group | Domestic private | PA / FSCA | Verified |
| Nestlife Assurance Corporation (RF) Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| New Era Life Insurance Company Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Ninety-One Assurance Limited | LLife | Ninety One | Domestic private | PA / FSCA | Verified |
| OUTsurance Life Insurance Company Limited | LLife | OUTsurance Group | Pan-African group | PA / FSCA | Verified |
| Oasis Crescent Insurance Limited | LLife | Oasis Group | Domestic private | PA / FSCA | Verified |
| Old Mutual Alternative Risk Transfer Limited Cell captive | LLife | Old Mutual Ltd | Pan-African group | PA / FSCA | Verified |
| Old Mutual Life Assurance Company (South Africa) Limited | LLife | Old Mutual Ltd | Pan-African group | PA / FSCA | Verified |
| PSG Life Limited | LLife | PSG Konsult | Domestic private | PA / FSCA | Verified |
| Peregrine Life Limited | LLife | Peregrine | Domestic private | PA / FSCA | Verified |
| Professional Provident SOCiety Insurance Company Limited | LLife | PPS | Mutual / cooperative | PA / FSCA | Verified |
| Rma Life Assurance Company Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| SAHL Life Assurance Company Limited | LLife | SA Home Loans | Domestic private | PA / FSCA | Verified |
| Safrican Insurance Company Limited | LLife | Sanlam Group | Pan-African group | PA / FSCA | Verified |
| Sanlam Developing Markets Limited | LLife | Sanlam Group | Pan-African group | PA / FSCA | Verified |
| Sanlam Life Insurance Limited | LLife | Sanlam Group | Pan-African group | PA / FSCA | Verified |
| Santam Structured Life Limited | LLife | Sanlam Group | Pan-African group | PA / FSCA | Verified |
| Shield Life Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Sygnia Life Limited | LLife | Sygnia | Domestic private | PA / FSCA | Verified |
| The Smart Life Insurance Company Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| The Standard General Insurance Company Limited | LLife | Standard Bank Group | Pan-African group | PA / FSCA | Verified |
| Viva Life Insurance Limited | LLife | Independent | Domestic private | PA / FSCA | Verified |
| Vodacom Life Assurance Company Limited | LLife | Vodacom Group | Domestic private | PA / FSCA | Verified |
| Workers Life Assurance Company Limited | LLife | Workers Life | Domestic private | PA / FSCA | Verified |
No insurers match that filter.
About life insurers in South Africa
How many life insurers are licensed in South Africa?
63 of the 140 licensed insurance entities in South Africa are classified as life (45%), according to the PA / FSCA register as reflected in this directory (verified - full register).
Who regulates life insurers in South Africa?
Prudential Authority (SARB) and Financial Sector Conduct Authority (PA / FSCA), under Twin Peaks; Insurance Act 2017; SAM solvency. Official website: https://resbank.co.za.
Are the life insurers in South Africa locally or foreign owned?
22 of 63 belong to pan-African or foreign multinational groups (including AIG, Absa Group, Sanlam Group, FirstRand), 1 are state-owned, and the rest are domestic private companies.
Data: /api/v1/countries/south-africa.json (filter byclass = "life"). Licence CC BY 4.0, attribute KAFS North America.