ZSIC Life

What ZSIC Life does

ZSIC Life is a private, for-profit life insurance company headquartered in Lusaka, Zambia, founded in 1968. Per available firmographic data, the company provides life insurance, investment plans, and digital policy management services, employing between 101 and 250 people. The combination of a long-lived life insurance franchise and a digital policy management layer suggests a traditional insurer that has added self-service digital channels to its policy servicing stack, while continuing to underwrite long-duration life and savings products.

The business model is built on the standard life insurance economics of premium collection plus investment of float, with investment plans likely providing an additional savings-linked product surface. Distribution, pricing, and customer-segment details are not available in source material — the company's own website (zsiclife.co.zm) was inaccessible during data gathering, returning only a verification/loading page rather than substantive product or pricing content. Consequently, GTM motion, pricing tiers, marketing channels, distribution channels, named customers, and value proposition specifics cannot be confirmed.

Operating details beyond the above are similarly sparse: no parent company, subsidiaries, funding rounds, partnerships, awards, patents, leadership roster, regulatory actions, M&A, or restructuring events are documented in the source. The company is privately held with no disclosed public ticker, and its operating geographies beyond Zambia are not specified.

Name

ZSIC Life

Website

https://zsiclife.co.zm

Company type

Private

Founded year

1968

Headcount range

101–250 employees

Short description

ZSIC Life is a Zambia-based life insurance company, founded in 1968 and headquartered in Lusaka, offering life insurance, investment plans, and digital policy management services with 101–250 employees.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life Insurance Carriers (524113), Portfolio Management and Investment Advice (523940)

SIC

Life Insurance (6311)

akta.pro primary industry

Whole Life Insurance (FSAIABAA)

akta.pro secondary industries

Level Term Life Insurance (FSAIAAAA), Basic Group Term Life (Employer-Paid) (FSAIADAA)

Keywords

• Life insurance products
• Investment plans
• Policy administration
• Insurance services
• Digital policy management

Headquarters

HQ city

Lusaka

HQ country

Zambia

HQ region

Africa

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Core offering

ZSIC Life is a Zambia-based insurance company that provides life insurance products, investment plans, and digital policy management services to individual customers. The company offers policy administration and related insurance services through its digital platform accessible at zsiclife.co.zm.

Differentiator

Problem solved

Functional benefit

Products and services

• Life Insurance
• Investment Plans
• Digital Policy Management

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Expansion highlights1 record

Direct peers

• Liberty Life Zambia: Liberty Life offers individual life, group life, and investment-linked policies through a Lusaka-based operation. Its product set and target customer segments are highly comparable to ZSIC Life's.
• Madison Life Insurance Zambia: Madison Life is one of Zambia's largest local life insurers, offering individual and group life, investment-linked, and pension products. It is the most direct comparable to ZSIC Life in terms of product mix and Zambian market focus.
• Hollard Life Assurance Zambia: Hollard Life offers term, whole life, and group life policies in Zambia. As a multinational insurer with a strong local presence, it competes head-to-head with ZSIC Life for individual and corporate life business in Zambia.
• African Life Financial Services (Zambia): African Life Financial Services offers life assurance, pension administration, and investment solutions in Zambia. Its combined insurance-plus-investment proposition is structurally similar to ZSIC Life's bundled offering.
• Professional Insurance Corporation Zambia (PICZ): PICZ is a long-established Zambian composite insurer with a meaningful life insurance book. Its local market depth, product breadth, and Lusaka headquarters make it a close peer to ZSIC Life for both retail and group life distribution.
• Metropolitan Life Zambia: Metropolitan Life is a long-standing Zambian life insurer focused on mass-market and middle-income segments with a strong group life and funeral cover book. Its customer base and product mix overlap materially with ZSIC Life's.

Broad incumbents

• Britam Life Insurance Zambia: Britam is a regional East and Southern African financial group with life insurance operations touching Zambia. It competes with ZSIC Life on life and investment-linked products and shares the African-continent, multi-market model.
• Sanlam Life Insurance Zambia: Sanlam is a major African financial services group with a Zambian life insurance operation offering individual life, group schemes, and investment products. It is comparable to ZSIC Life on product set but operates at significantly greater scale regionally.
• Old Mutual Zambia: Old Mutual is a pan-African incumbent with a dominant Zambian life, pensions, and investment business. It competes across essentially the same product set as ZSIC Life but at much greater scale and with a broader regional footprint.

Others

• ZSIC General Insurance: ZSIC General Insurance is the sister property and casualty carrier in the ZSIC group family, sharing the same ZSIC brand and likely common ownership. It is relevant context for understanding the broader ZSIC franchise within which ZSIC Life operates.

Market position

Competitive moat3 records

Key risks5 records

Key highlights4 records

Customer concentration

• Facebookfacebook.com/ZSICLifeLimited
• LinkedInlinkedin.com/company/zsic-life

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ZSIC Life