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One month later the South African Life Assurance Company was established as a full subsidiary of Santam to focus on life assurance while Santam remained focused on short-term insurance. [8] Santam is a subsidiary of South African financial services group Sanlam, which holds 62.3% of Santam’s shares.
Momentum traces its roots from Momentum Life Assurers Limited that was established in 1966 as a life assurance company and Southern Life Association Limited that was incorporated in 1904 as African Life Assurance Society. In 1992, RMB Holdings (RMBH) acquired interest in Momentum Life Assurers Limited. [5]
Hollard Group is a privately owned insurance group based in South Africa that operates under two insurance licences: short term and life.The company was established in 1980 by Robert Enthoven, and the Enthoven family retains the majority share, locally through The Enthoven Family Trust (EFT) and internationally through Capricorn Ventures International (CVI).
Sanlam is a South African financial services group headquartered in Bellville, Western Cape, South Africa. [2] Sanlam is one of the largest insurance company in Africa.It is listed on the Johannesburg Stock Exchange, the Namibian Stock Exchange and the A2X. [4]
FirstRand Insurance Holdings (Pty) Ltd – 100% Shareholding – South Africa – This is the holding company for FirstRand's insurance businesses. Subsidiaries held through FirstRand Insurance Holdings include: FirstRand Life Assurance – 100% Shareholding – South Africa; FirstRand Short-Term Insurance Limited – 100% Shareholding ...
Discovery Insure – Sandton, South Africa – 100% Shareholding – Offering motor vehicle, household and other short-term risk insurance in South Africa. VitalityHealth – London , United Kingdom – 100% Shareholding – Offering personal medical insurance products in the United Kingdom. 25% of the venture was previously held by Prudential ...
A short-term life insurance policy may be able to cover you until your temporary life change has resolved and you can get the traditional life insurance policy you want.
The company was founded in 1845 as a mutual insurance company by John Fairbairn, together with several other prominent Cape Town figures, such as the liberal politician Saul Solomon. [5] The original name The Mutual Life Assurance Society of the Cape of Good Hope was changed to The South Africa Mutual Life Assurance Society in 1885. [6]