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.

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CompanyClassParent / groupOwnershipRegulatorVerificationPopularity
1 Life Insurance LimitedJSE: CLI
Acquired by Clientele 2024
LLifeClientele LtdDomestic privatePA / FSCAVerified—
27Four Life LimitedLLife27fourDomestic privatePA / FSCAVerified50 Confidence: Low
3Sixty Life Limited
Under curatorship since 2021 - verify status
LLifeNUMSA Investment CoDomestic privatePA / FSCAVerified—
AIG Life South Africa LimitedNYSE: AIGLLifeAIGIAIGForeign multinationalPA / FSCAVerified—
AVBOB Mutual Assurance SOCietyLLifeAVBOBMutual / cooperativePA / FSCAVerified—
Abacus Life LimitedLLifeIndependentDomestic privatePA / FSCAVerified—
Absa Life LimitedJSE: ABGLLifeAbsa GroupPan-African groupPA / FSCAVerified—
African Rainbow Life LimitedLLifeAfrican Rainbow Capital / SanlamDomestic privatePA / FSCAVerified—
African Unity Life LimitedLLifeIndependentDomestic privatePA / FSCAVerified71 Confidence: Low
Alexander Forbes Investments LimitedJSE: AFHLLifeAlexander ForbesDomestic privatePA / FSCAVerified—
Alexander Forbes Life LimitedJSE: AFHLLifeAlexander ForbesDomestic privatePA / FSCAVerified—
Allan Gray Life LimitedLLifeAllan GrayDomestic privatePA / FSCAVerified47 Confidence: Low
Assupol Life LimitedJSE: SLM
Acquired by Sanlam 2024
LLifeSanlam GroupIAIGPan-African groupPA / FSCAVerified—
Bidvest Life LimitedJSE: BVTLLifeBidvest GroupDomestic privatePA / FSCAVerified—
Bophelo Life Insurance LimitedLLifeIndependentDomestic privatePA / FSCAVerified62 Confidence: Low
Brightrock Life LimitedJSE: SLMLLifeSanlam GroupIAIGPan-African groupPA / FSCAVerified58 Confidence: Low
Bryte Life Company LimitedTSX: FFHLLifeFairfax FinancialIAIGForeign multinationalPA / FSCAVerified95 Confidence: Low
Cadiz Life LimitedLLifeIndependentDomestic privatePA / FSCAVerified—
Centriq Life Insurance Company LimitedJSE: SLM
Cell captive
LLifeSanlam GroupIAIGPan-African groupPA / FSCAVerified86 Confidence: Medium
Clientele Life Assurance Company LimitedJSE: CLILLifeClientele LtdDomestic privatePA / FSCAVerified50 Confidence: Low
Constantia Life & Health Assurance Company Limited
Group in liquidation 2022 - verify status
LLifeIndependentDomestic privatePA / FSCAVerified48 Confidence: Low
Constantia Life Limited
Group in liquidation 2022 - verify status
LLifeIndependentDomestic privatePA / FSCAVerified—
Coronation Life Assurance Company LimitedJSE: CMLLLifeCoronation Fund ManagersDomestic privatePA / FSCAVerified62 Confidence: Low
Discovery Life LimitedJSE: DSYLLifeDiscovery LtdDomestic privatePA / FSCAVerified—
Dotsure Life LimitedLLifeIndependentDomestic privatePA / FSCAVerified54 Confidence: Low
Fedgroup Life LimitedLLifeFedgroupDomestic privatePA / FSCAVerified—
Firstrand Life Assurance LimitedJSE: FSRLLifeFirstRandPan-African groupPA / FSCAVerified—
Guardrisk Life LimitedJSE: MTM
Cell captive
LLifeMomentum GroupPan-African groupPA / FSCAVerified79 Confidence: Low
Hollard Life Assurance Company LimitedLLifeHollard GroupPan-African groupPA / FSCAVerified90 Confidence: Medium
Hollard Specialist Life Limited
Cell captive
LLifeHollard GroupPan-African groupPA / FSCAVerified48 Confidence: Low
Investec Life LimitedJSE: INLLLifeInvestecDomestic privatePA / FSCAVerified—
Just Retirement Life (South Africa) LimitedLSELLifeJust GroupForeign multinationalPA / FSCAVerified—
KGA Lewens BeperkLLifeIndependentDomestic privatePA / FSCAVerified55 Confidence: Low
Land Bank Life Insurance Company SOC LimitedState-ownedLLifeLand BankState-owned / parastatalPA / FSCAVerified—
Liberty Group LimitedJSE: SBK
Wholly owned by Standard Bank since 2022
LLifeStandard Bank GroupPan-African groupPA / FSCAVerified95 Confidence: Low
Lion Of Africa Life Assurance Company LimitedLLifeIndependentDomestic privatePA / FSCAVerified91 Confidence: Medium
Momentum Ability LimitedJSE: MTM
Cell captive
LLifeMomentum GroupPan-African groupPA / FSCAVerified—
Momentum Metropolitan Life LimitedJSE: MTMLLifeMomentum GroupPan-African groupPA / FSCAVerified—
Nedgroup Life Assurance Company LimitedJSE: NEDLLifeNedbank GroupDomestic privatePA / FSCAVerified93 Confidence: Low
Nedgroup Structured Life LimitedJSE: NEDLLifeNedbank GroupDomestic privatePA / FSCAVerified—
Nestlife Assurance Corporation (RF) LimitedLLifeIndependentDomestic privatePA / FSCAVerified—
New Era Life Insurance Company LimitedLLifeIndependentDomestic privatePA / FSCAVerified—
Ninety-One Assurance LimitedJSE: NY1LLifeNinety OneDomestic privatePA / FSCAVerified90 Confidence: Medium
OUTsurance Life Insurance Company LimitedJSE: OUTLLifeOUTsurance GroupPan-African groupPA / FSCAVerified—
Oasis Crescent Insurance LimitedLLifeOasis GroupDomestic privatePA / FSCAVerified—
Old Mutual Alternative Risk Transfer LimitedJSE: OMU
Cell captive
LLifeOld Mutual LtdIAIGPan-African groupPA / FSCAVerified72 Confidence: Low
Old Mutual Life Assurance Company (South Africa) LimitedJSE: OMULLifeOld Mutual LtdIAIGPan-African groupPA / FSCAVerified—
PSG Life LimitedJSE: KSTLLifePSG KonsultDomestic privatePA / FSCAVerified—
Peregrine Life LimitedLLifePeregrineDomestic privatePA / FSCAVerified—
Professional Provident SOCiety Insurance Company LimitedLLifePPSMutual / cooperativePA / FSCAVerified—
Rma Life Assurance Company LimitedLLifeIndependentDomestic privatePA / FSCAVerified66 Confidence: Low
SAHL Life Assurance Company LimitedLLifeSA Home LoansDomestic privatePA / FSCAVerified—
Safrican Insurance Company LimitedJSE: SLMLLifeSanlam GroupIAIGPan-African groupPA / FSCAVerified66 Confidence: Low
Sanlam Developing Markets LimitedJSE: SLMLLifeSanlam GroupIAIGPan-African groupPA / FSCAVerified67 Confidence: Low
Sanlam Life Insurance LimitedJSE: SLMLLifeSanlam GroupIAIGPan-African groupPA / FSCAVerified69 Confidence: Low
Santam Structured Life LimitedJSE: SLMLLifeSanlam GroupIAIGPan-African groupPA / FSCAVerified—
Shield Life LimitedLLifeIndependentDomestic privatePA / FSCAVerified—
Sygnia Life LimitedJSE: SYGLLifeSygniaDomestic privatePA / FSCAVerified—
The Smart Life Insurance Company LimitedLLifeIndependentDomestic privatePA / FSCAVerified—
The Standard General Insurance Company LimitedJSE: SBKLLifeStandard Bank GroupPan-African groupPA / FSCAVerified—
Viva Life Insurance LimitedLLifeIndependentDomestic privatePA / FSCAVerified—
Vodacom Life Assurance Company LimitedJSE: VODLLifeVodacom GroupDomestic privatePA / FSCAVerified70 Confidence: Low
Workers Life Assurance Company LimitedLLifeWorkers LifeDomestic privatePA / FSCAVerified—

Popularity is an estimate of how often people search Google for each insurer, from 0 to 100; the bars show how confident the estimate is. Not a rating of the insurer. How the index works

About life insurers in South Africa

How many life insurers are licensed in South Africa?

63 of the 140 licensed insurance entities this directory lists in South Africa are classified as life (45%). Verified against the regulator register.

Who regulates life insurers in South Africa?

Prudential Authority (SARB) and Financial Sector Conduct Authority (PA / FSCA). Regime: Twin Peaks; Insurance Act 2017; SAM solvency. Official website: https://resbank.co.za.

Who owns the life insurers in South Africa?

Of the 63 licensed life insurers in South Africa, 38 are domestic private companies, 19 are members of pan-African groups (Sanlam Group, Momentum Group, Hollard Group), 3 are subsidiaries of foreign multinational groups (AIG, Fairfax Financial, Just Group), 2 are mutual or cooperative insurers, and 1 is state-owned or parastatal (Land Bank), as recorded in the register.

Data: /api/v1/countries/south-africa.json (filter by class = "life"). Licence CC BY 4.0, attribute KAFS North America.