Company Profile

Company Profile

Madison Life Insurance Company Zambia Limited

  • (MLife) is a specialist Life insurance company which underwrites Individual Life insurance policies, Group Life insurance policies, Credit Life insurance policies, Funeral Expenses Insurance policies and Personal as well as Group Pension Plans of all classes.

  • The company originally commenced operations as a Life and Pensions Division of Madison Insurance Company Zambia Limited on 1st April 1992 which was the first private sector insurance company to enter the liberalized insurance market in Zambia.

  • Following an amendment to the Insurance Act which became Law on 1 January 2006 prohibiting the continued existence of composite insurance companies and providing for existence of separate specialist Life and Non Life insurance companies, Madison Life Insurance Company Zambia Limited was established with effect from 1 January 2006.

  • Over the years, MLife has developed and expanded steadily into the number one Life Insurance Company in Zambia with the largest market share from 2003 to date.