It’s been decades since Safrican Life Insurance came into existence. It was established in 1932 and was registered as a long-term insurer, underwriting for different types of long-term insurance policies and their provisions. In 1971, the HCI Group acquired Safrican Life and it became a subsidiary of Safrican Life Investment Holdings Limited, focusing on the funeral market. in 1993 it was acquired by Fedsure Group before it came under Channel Life in the early part of 2006. Before the year ended, Channel Life has full ownership of Safrican Life.
As an underwriter, it services the Thuso Funeral Plan of Postbank, which provides much needed assistance for funeral services.
Thuso Life Funeral Plan
This life plan offers death cover up to its maximum value of R100,000 and a funeral cover of up to R10,000 for each policyholder.
Safrican Contact Details:
Tel: (011) 778-8181
Policy related queries and support:
Tel: (011) 778-8000 | (011) 778-8183
Tel: 0866 773 224
Website: www.safrican.co.za (under construction)