We are an A-rated life insurer dedicated to providing world-class funeral, pension administration, and life insurance products and services to help you live a better life. Our mission is to inspire and empower people to unleash their full potential and accomplish their financial goals so that they live a better life full of confidence and security.

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In the late 1940s, a group of visionaries set out to create an insurance company that would serve the people of Rhodesia. They founded the Insurance Company of Rhodesia (ICR) in 1946, and it quickly became a leading provider of insurance services in the region.

Over the years, ICR continued to grow and expand its services, and in 1959, it acquired a life assurance company, which led to the formation of the Assurances Company of Zimbabwe. The company’s success caught the eye of T.A Holdings, which had been founded as Tobacco Auctions Limited, and in 1969, they took over ICR.

In 1974, the company underwent a major transformation, as it shifted its focus to the farming sector. It was renamed the Rhodesia National Farmers Union Insurance Society, and it became known in the informal sector as Rhodesia National Insurance (RhoNat). However, the winds of change were blowing, and after the independence of Zimbabwe in 1980, the company once again changed its name to Zimnat Insurance Company, still operating under a composite license.

But the story doesn’t end there. In 1984, T.A Holdings made a bold decision to split the composite license and form two separate companies: Zimnat Insurance Company and Zimnat Life Assurance Company. This move allowed the company to focus on providing the best possible services in their respective areas of expertise.

Today, Zimnat Life Assurance is a leader in the Zimbabwean insurance industry, offering a wide range of life assurance and investment products to individuals, families, and businesses. The company’s journey has been one of resilience, innovation, and adaptability, and it continues to thrive and serve the people of Zimbabwe with distinction.

Workmore Chimweta

Stephen Choto

Wonder Madyambudzi

Nunurai Matiringe

Farai Chishiri

Patrick Chadambuka

With years of experience in the industry, we understand the importance of having a reliable insurance partner by your side. That’s why we have built a reputation for providing innovative, customized solutions to meet the unique needs of our customers.

At Zimnat Life Assurance, we believe that life is too precious to be left to chance. That’s why we are committed to providing you with the peace of mind you deserve. Whether you are looking to protect your loved ones with a life insurance policy or secure your future with a pension plan, we have got you covered.

Our team of seasoned professionals is dedicated to providing you with top-notch service and support at every stage of your insurance journey.

So, whether you are a business owner looking to secure your employees’ futures or an individual looking to protect your loved ones, Zimnat Life Assurance is here to make life better. With our unbeatable combination of expertise, experience, and dedication, we are the ultimate choice for life insurance solutions in Zimbabwe. Contact us today and let us help you lead a better life.

Personal

Gadziriro/ Lungiselelo Funeral Plan

Gadziriro/ Lungiselelo is a funeral cash plan that pays a lump sum in either United States Dollars (USD) or Zimbabwean Local currency ZWL$ (depending on the currency type of the existing policy) on the death of a covered member, spouse and biological children. The plan gives an option to also cover parents, in laws, extended family members and your domestic helpers at an additional charge.

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Sarudzo/Ukhetho Funeral Plan

Sarudzo/Ukhetho Funeral Plan is a funeral cover product that guarantees a standard funeral service from participating funeral service assurance partners and/or cash to the client’s beneficiaries. The product is meant to cover common funeral service needs across all market segments. More affluent customers may select additional benefits which can be paid either from the sum assured or other sources.

The product is underwritten by Zimnat Life Assurance Company and is available in three packages:

  • Sarudzo Family Package covers the principal, spouse, and up to 6 minor biological/adopted children.
  • Sarudzo/Ukhetho Individual Package covers a single life assured with an option to add dependants.
  • Sarudzo/Ukhetho Extended Family Package covers any other family member whether the principal member.

The premium for the Sarudzo Funeral Plan is payable annually and is based on the sum assured and the number of lives covered.

Benefits of the plan

  • Standard funeral service from participating funeral service assurance partners.
  • Cash payment to the client’s beneficiaries.
  • Option to select additional benefits.
  • To learn more about the Sarudzo/Ukhetho Funeral Plan, please visit the Zimnat website or contact a Zimnat agent.

What are the key features?

  • The Sarudzo Funeral Plan is a renewable product, which means that you can renew it each year.
  • The sum assured for the Sarudzo Funeral Plan is US$2,000 for the Sarudzo package and US$5,000 for the Sarudzo Plus package.
  • The premium for the Sarudzo Funeral Plan is based on the sum assured and the number of lives covered.
  • The Sarudzo Funeral Plan is available through Zimnat agents and selected funeral service partners

Zimnat Security Plan

In life, we all need a plan that ensures that the lives of our loved ones are secured in the event of our passing on, more so, a plan that is affordable and fits perfectly in our day to day expenses. We understand this and we are passionate about helping you achieve your dreams through the Zimnat Security Plan. Security Plan is the only life cover that allows you to maintain the value of your policy, gives you peace of mind, and the assurance that your family’s future is secured with a payout of up to ZWL$ 7.5 million to a nominated beneficiary in the event of the insured member. A first of its kind in Zimbabwe!

Benefits of the plan

  • Annually renewable cover
  • Cashback payable at the end of each year of no claim
  • Get a profit share every year, if the business declares a profit on the product

What are the key features?

  • Entry age is 18 – 70 years
  • Premiums payable monthly, quarterly, half-yearly, and annually
  • Opportunity to participate in profit sharing should the product realise a profit

Personal

Gadziriro/ Lungiselelo Funeral Plan

Gadziriro/ Lungiselelo is a funeral cash plan that pays a lump sum in either United States Dollars (USD) or Zimbabwean Local currency ZWL$ (depending on the currency type of the existing policy) on the death of a covered member, spouse and biological children. The plan gives an option to also cover parents, in laws, extended family members and your domestic helpers at an additional charge.

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Stockfeed Funeral Cover

The Stockfeed Funeral Cover is a micro-funeral product available to poultry farmers who purchase National Foods Stockfeed from Gain Cash and Carry stores. This optional product provides a monthly renewable funeral cover benefit of up to US$2,000 for each bag purchased. There is no waiting period to claim the benefits, and the cover is valid for one month. Policy beneficiaries can notify Zimnat Life Assurance through various channels in the event of an insured farmer’s death and must provide proof of death, such as a burial order or death certificate, to claim the benefit. However, there are policy exclusions, such as death resulting from war or suicide within the first 24 months of the policy’s commencement or reinstatement.

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Zimnat Security Plan

In life, we all need a plan that ensures that the lives of our loved ones are secured in the event of our passing on, more so, a plan that is affordable and fits perfectly in our day to day expenses. We understand this and we are passionate about helping you achieve your dreams through the Zimnat Security Plan. Security Plan is the only life cover that allows you to maintain the value of your policy, gives you peace of mind, and the assurance that your family’s future is secured with a payout of up to ZWL$ 7.5 million to a nominated beneficiary in the event of the insured member. A first of its kind in Zimbabwe!

Benefits of the plan

  • Annually renewable cover
  • Cashback payable at the end of each year of no claim
  • Get a profit share every year, if the business declares a profit on the product

What are the key features?

  • Entry age is 18 – 70 years
  • Premiums payable monthly, quarterly, half-yearly, and annually
  • Opportunity to participate in profit sharing should the product realise a profit

Corporate

Our Corporate Products section is specifically designed to cater to the unique requirements of organizations, both large and small.

We understand that businesses need to make life better their staff and stakeholders, and that’s why we offer a range of customizable insurance options to provide financial security and peace of mind. Our Corporate Products include group life cover, group funeral cover, group disability cover, and group critical illness cover.

Our experienced team is committed to delivering personalized solutions tailored to your specific needs, backed by exceptional customer service and a strong financial foundation. Explore our Corporate Products section today to learn more about how we can help protect your business and employees.

Group Life Assurance

Who takes care of your loved ones when you are gone? Imagine if you could still provide for your family from the grave?

How it works:

The Group Life Assurance scheme is an arrangement entered into between the employer and Zimnat Life Assurance, for the benefit of you the employee. Zimnat Life Assurance promises to pay a lump sum death in service benefit to your beneficiaries, in exchange for a premium received from the employer.

Product Benefits:

  • The company effectively manages cash flow by transferring the lump sum payments to Zimnat Life Assurance.
  • Higher life assurance benefits can be used to attract and retain high calibre staff.
  • The benefit retains value as it is linked with inflation.
  • Premiums are a tax-deductible expense for the employer.
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Mortgage Protection

We understand the importance of supporting our employees and their families in times of unexpected events. Our Group Mortgage Protection scheme is a contract entered into between an Insurer and a Loan Provider, typically an Employer or financial institution, for the benefit of the policyholder. In the unfortunate event of the borrower’s death, the Insurer promises to pay a lump sum benefit equivalent to the outstanding mortgage loan, providing security for their loved ones.

Group Mortgage Protection scheme is a contract entered into between an Insurer and a Loan Provider, usually an Employer or financial institution, for the benefit of the policyholder, in which the Insurer promises to pay a lump sum benefit equivalent to the outstanding mortgage loan, on the death of the borrower.

This product is targeted at Corporates that offer mortgage loans to their staff members.

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Credit Life Cover

Who protects a loan provider from financial loss in the event of a disability, death or unemployment of the loan policy holder?

This is the purpose of Zimnat Credit Life Assurance Scheme.

How it works:

It is a contract entered into between Zimnat Life Assurance and a loan provider, usually a financial institution, for the benefit of the policyholder, in which Zimnat Life Assurance pays out a lump sum benefit equivalent to the outstanding capital on a loan, on the death or permanent disability of the policyholder.

Product Benefits:

  • Cover commences immediately on receipt of premiums.
  • Death caused by pre-existing conditions is not excluded.

Eliminates the need for immediate family members to service a loan left behind by a deceased

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Spouses Group Life Assurance

We understand that the unexpected loss of a loved one can have a significant financial impact on their family. Our benefit program includes an Income Replacement benefit, which is designed to provide financial support to the member’s family in such circumstances. The benefit is equal to 50% of the member’s Group Life Cover and is paid as a one-off lump sum. This benefit ensures that the member’s loved ones are financially secure and can continue to meet their financial obligations in the absence of their loved one’s income.

This benefit is typically meant to replace income lost as a result of the death of a suppose. The benefit is equal to 50% of the member’s Group Life Cover and is paid as a once off lump sum.

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Ill Health/Total Permanent Disability

This product offers an Ill-Health/Total Permanent Disability Early Retirement benefit for employees who are medically incapable of performing their job duties or any other gainful occupation for which they are reasonably suited. The benefit provides an immediate payment equal to the ill-health benefit as defined in the policy document. To apply, either the member or employer can submit an application and medical evidence acceptable to the Trustees.

The application process involves obtaining medical evidence from the member’s doctor and the company’s medical adviser, who must both agree that the member is medically incapable of performing their duties. The employer must investigate other options before agreeing to medically retire the member. The premiums are paid by the employers/financial institution/loan provider to the insurer, who may request medicals if cover exceeds a set threshold.

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Pension Plans

Our pension fund is a financial vehicle in which both the employee and employer contribute towards the ultimate benefit of the employee and their family. We offer two options: a fixed cost Defined Contribution Pension Fund or a variable cost Defined Benefit scheme. Our program provides benefits to all employees based on the nature of their exit, including retirement, death-in-service, and permanent disablement. Our program offers attractive employment conditions to attract new staff, reward long-serving employees, and establish a positive business image in the labour market.

We offer an Insured Pension Fund or a Self-Administered Fund, depending on your needs and preferences. Our program is overseen by a board of trustees, and we ensure that your assets are invested wisely to meet your future financial needs.

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Pension Plans

Our pension fund is a financial vehicle in which both the employee and employer contribute towards the ultimate benefit of the employee and their family. We offer two options: a fixed cost Defined Contribution Pension Fund or a variable cost Defined Benefit scheme. Our program provides benefits to all employees based on the nature of their exit, including retirement, death-in-service, and permanent disablement. Our program offers attractive employment conditions to attract new staff, reward long-serving employees, and establish a positive business image in the labour market.

We offer an Insured Pension Fund or a Self-Administered Fund, depending on your needs and preferences. Our program is overseen by a board of trustees, and we ensure that your assets are invested wisely to meet your future financial needs.

Get Quote

Mortgage Protection

We understand the importance of supporting our employees and their families in times of unexpected events. Our Group Mortgage Protection scheme is a contract entered into between an Insurer and a Loan Provider, typically an Employer or financial institution, for the benefit of the policyholder. In the unfortunate event of the borrower’s death, the Insurer promises to pay a lump sum benefit equivalent to the outstanding mortgage loan, providing security for their loved ones.

Group Mortgage Protection scheme is a contract entered into between an Insurer and a Loan Provider, usually an Employer or financial institution, for the benefit of the policyholder, in which the Insurer promises to pay a lump sum benefit equivalent to the outstanding mortgage loan, on the death of the borrower.

This product is targeted at Corporates that offer mortgage loans to their staff members.

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Credit Life Cover

Who protects a loan provider from financial loss in the event of a disability, death or unemployment of the loan policy holder?

This is the purpose of Zimnat Credit Life Assurance Scheme.

How it works:

It is a contract entered into between Zimnat Life Assurance and a loan provider, usually a financial institution, for the benefit of the policyholder, in which Zimnat Life Assurance pays out a lump sum benefit equivalent to the outstanding capital on a loan, on the death or permanent disability of the policyholder.

Product Benefits:

  • Cover commences immediately on receipt of premiums.
  • Death caused by pre-existing conditions is not excluded.

Eliminates the need for immediate family members to service a loan left behind by a deceased

Get Quote

Spouses Group Life Assurance

We understand that the unexpected loss of a loved one can have a significant financial impact on their family. Our benefit program includes an Income Replacement benefit, which is designed to provide financial support to the member’s family in such circumstances. The benefit is equal to 50% of the member’s Group Life Cover and is paid as a one-off lump sum. This benefit ensures that the member’s loved ones are financially secure and can continue to meet their financial obligations in the absence of their loved one’s income.

This benefit is typically meant to replace income lost as a result of the death of a suppose. The benefit is equal to 50% of the member’s Group Life Cover and is paid as a once off lump sum.

Get Quote

Ill Health/Total Permanent Disability

This product offers an Ill-Health/Total Permanent Disability Early Retirement benefit for employees who are medically incapable of performing their job duties or any other gainful occupation for which they are reasonably suited. The benefit provides an immediate payment equal to the ill-health benefit as defined in the policy document. To apply, either the member or employer can submit an application and medical evidence acceptable to the Trustees.

The application process involves obtaining medical evidence from the member’s doctor and the company’s medical adviser, who must both agree that the member is medically incapable of performing their duties. The employer must investigate other options before agreeing to medically retire the member. The premiums are paid by the employers/financial institution/loan provider to the insurer, who may request medicals if cover exceeds a set threshold.

Get Quote

Pension Plans

Our pension fund is a financial vehicle in which both the employee and employer contribute towards the ultimate benefit of the employee and their family. We offer two options: a fixed cost Defined Contribution Pension Fund or a variable cost Defined Benefit scheme. Our program provides benefits to all employees based on the nature of their exit, including retirement, death-in-service, and permanent disablement. Our program offers attractive employment conditions to attract new staff, reward long-serving employees, and establish a positive business image in the labour market.

We offer an Insured Pension Fund or a Self-Administered Fund, depending on your needs and preferences. Our program is overseen by a board of trustees, and we ensure that your assets are invested wisely to meet your future financial needs.

Get Quote

Annuities

Zimnat offers several types of annuity products for retirees. The Conventional Annuity with Guaranteed Escalation is an investment product where a single premium is paid and a monthly pension (annuity) is received by the retiree. The annuity is guaranteed for a minimum period and will continue to be paid for life after that period, even if the retiree passes away. The annuity increases regularly at a guaranteed interest rate chosen by the retiree, which is not linked to actual investment performance. This product is suitable for older retirees and protects them from adverse market fluctuations.

The With Profit Guaranteed Annuity is similar to the Conventional Annuity with Guaranteed Escalation, but also includes additional bonus additions to protect the retiree from the effects of inflation. The annuity increases annually at both the minimum guaranteed interest rate and an additional increase based on investment performance.

The Fixed Term Annuity is a type of conventional annuity product that is targeted at surviving children. The payment is guaranteed for a fixed term regardless of when the beneficiary dies and the payment ceases at the expiry of the policy term. The annuity will be increased regularly through bonus declarations by the company.

The Flexi Annuity is a unit-linked investment plan where the retiree can choose the level of monthly pension they would like to receive from a range provided by the insurer. The balance capital value of the annuity is paid out upon the retiree’s death. The annuity increases based on the investment performance of the underlying assets. The insurer manages the annuity to prevent the capital from being exhausted before the death of the retiree. The pensioner carries the investment risk, and pension payments are not guaranteed as they can be reduced depending on investment performance. The retiree can also benefit from critical mass in investment of lump-sum amounts, and retirement income is tax exempt.

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Resources

Discover all the necessary information and documents for your life insurance needs in one place with Zimnat Life Insurance. Our Resources section offers a variety of useful resources, including brochures, proposal forms, and claim forms, to make your life insurance journey seamless and stress-free. Whether you’re a new policyholder seeking more information or an existing one looking to make a claim, we have everything you need to make your life better. Explore our collection of resources and download what you need today for a worry-free tomorrow.

ZLA Bill of Rights

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ZLA Service Commitment

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ZLA Complaints Handling

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Contact Us

Head Office

Zimnat House, Corner 3rd Street and George Silundika Avenue, Harare, Zimbabwe

Email: customercare@zimnat.co.zw
Toll-free number: 321

Phone: +263 242 701179/80
Whatsapp: +263 772 175 991

Victoria Falls Branch

Shop A,  First Floor Pumula Centre, MIPF Building, Parkway Road, Victoria Falls, Zimbabwe

Email: customercare@zimnat.co.zw
Toll-free number: 321

Phone: +263 83 2846988
Whatsapp: +263 772 175 991

Bulawayo Branch

Minerva House, Cnr 14th Avenue & G Silundika Steet, Bulawayo, Zimbabwe

Email: customercare@zimnat.co.zw
Toll-free number: 321

Phone: +263 29 76431-3/+263 29 880678-9
Whatsapp: +263 772 175 991

Mutare Branch

Suite 7, Manica Centre, 118 Herbert Chitepo Street, Mutare, Zimbabwe

Email: customercare@zimnat.co.zw
Toll-free number: 321

Phone: +263 20 61609/61237
Whatsapp: +263 772 175 991

Masvingo Branch

N Richards Building, First Floor, Suite 407/408, R.G Mugabe Way, Masvingo, Zimbabwe

Email: customercare@zimnat.co.zw
Toll-free number: 321

Phone: +263 39 262228/ +263 39 264447
Whatsapp: +263 772 175 991

Kwekwe Branch

Freecam Building, First Floor Suite 3-5, Nelson Mandela Street, Kwekwe, Zimbabwe

Email: customercare@zimnat.co.zw
Toll-free number: 321

Phone: +263 55 25379
Whatsapp: +263 772 175 991

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