Which health insurance companies in Zambia would you feel comfortable purchasing a policy from? What determines a genuine insurance company? For your best experience, I will explain the top health insurance companies that you can trust in Zambia in addition to the general list.
Insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.
The health insurance industry is, to be honest, more competitive than the sweet talk offered by different insurance executives.
Insurance is a better way to secure properties, life, and your health.
Insurance companies in Zambia operate through various categories of services called policies.
Insurance policies differ from one company to the other.
There are different kinds of insurance policies that you can choose from depending on individual needs.
Top 10 health insurance companies in Zambia
Here are some of the top health insurance providers in Zambia:
Madison Health Insurance – A well-established insurer offering a wide range of health plans, including hospital cash plans and other risk solutions. Madison is known for its strong presence across Zambia and high customer satisfaction
Professional Insurance Corporation Zambia (PICZ) – One of the leading general insurers, PICZ offers various health coverage plans and is recognized for its reliability in claims settlement and customer service
NICO Insurance Zambia – A subsidiary of NICO Holdings, it provides health insurance along with other services such as motor, property, and accident insurance. NICO is renowned for its fast claims settlement and strong customer service
SES (Specialty Emergency Services) – Specializing in premium health insurance, SES offers in-country and international health coverage, emergency medical services, and life insurance
Hollard Zambia – A prominent player in the Zambian insurance market, Hollard offers health insurance alongside a wide range of other insurance products, ensuring flexible solutions for various needs
Prudential Life Assurance Zambia – Part of the global Prudential brand, it provides comprehensive health insurance policies along with life insurance plans, catering to both individuals and businesses
Liberty Health – A Pan-African provider, Liberty offers health cover options for individuals and corporations, focusing on affordable yet comprehensive healthcare solutions
Zambia State Insurance Corporation (ZSIC) – A government-owned company that provides health and life insurance, ZSIC has extensive experience in Zambia's insurance market
Phoenix of Zambia Assurance – This company offers a wide array of insurance services, including health insurance, focusing on customer service and financial stability
Southern Cross Insurance – A smaller but reputable insurance provider known for offering a variety of health and general insurance products
These companies vary in the scope and scale of their offerings, catering to both individuals and corporations across Zambia.
Why are insurance services important?
Insurance plays an important role in protecting and serving people in times of problems that cannot be solved by an individual person.
By subscribing a small amount of money to an insurance company you are creating a backup in case of a loss of property or any cases that may be of high risk.
Types of insurance.
Savers insurance. This is a type of agreement a customer signs with the company to have their money saved up to the maturity period.
The maturity period can range from 5 years to 10 years depending on the company.
Many people in Zambia have chosen this type of insurance because it helps raise funds for building a house buying a car or anything that needs a lot of money.
We know saving money is not that easy for an average person so this policy comes in to help.
Auto insurance. Automobile insurance covers motorbikes, lorries, cars, and other types of road vehicles.
Its main purpose is to offer financial protection against bodily harm or physical damage sustained in auto accidents, as well as against potential responsibility from such situations.
Health insurance. Medical insurance, often known as health insurance, is a kind of insurance that pays all or a portion of the risk that an individual would have medical costs.
Similar to other forms of insurance, risk is distributed among numerous parties.
One such example of a health insurance company in Zambia is NHIMA
Life insurance. An insurance policyholder and an insurer, also known as an assurer, enter into a contract for life insurance in which the insurer agrees to pay a specified beneficiary a certain amount of money if the insured person passes away.
Other circumstances, like a terminal disease or serious illness, may also cause payment, depending on the terms of the contract.
Home insurance. A type of property insurance that protects a residential property is termed home insurance, sometimes known as homeowner's insurance.
Your house or properties at home may be secured using this type of insurance.
It compensates for things like burnt home properties or unexplained loss of home property.
Business insurance. Numerous risks to the facilities and assets your company possesses might be covered by business insurance.
Firm income insurance can assist in replacing lost revenue if covered property damage prevents you from operating your firm.
Fire insurance. Policies for fire insurance are a variety of insurance coverages that provide an amount assured to cover any damages resulting from a fire outbreak.
Most of this type of insurance expires after a year so you can renew the contract and pay the necessary premium to keep your property under protection.
Top 10 insurance companies in Zambia
Do not just wake up and sign a policy with any insurance company that comes by your office or home.
Here are insurance companies that were at least termed genuine and provide high-value services to customers.
They offer the best customer service in the business together with a claims payment period that is unmatched.
2. Hollard insurance Zambia Limited
3. ABSA Life Zambia Limited
4. Professional insurance
5. Sanlam Life Insurance Zambia Limited
6. Prudential Life Assurance Zambia Limited
7. Savenda General Insurance Limited
8. Liberty Life Zambia Limited
