UNLOCKING POSSIBILITIES
As a life insurer, New Era Life’s presence at the Limpopo Investment Conference 2024 underscores its dedication to securing the financial future of both individuals and businesses within the province. With a suite of insurance solutions tailored for the unique needs of Limpopo’s industries, New Era Life aims to support investors by providing essential financial protection for their workforce and families.
Through partnerships and a commitment to long-term financial resilience, New Era Life is positioning itself as a catalyst for sustainable economic development and community stability in Limpopo.
Who We Are Founded in 1979, New Era Life is a dynamic and seasoned insurance company that stands as a wholly owned subsidiary of the Limpopo Economic Development Agency (LEDA).
GOVERNANCE
Board of Directors
Ms. N. Magadagela – Chairperson
Mr. M. Majake – Chief Executive Officer (CEO
Adv. T.M. Ncube – Non-Executive Director
Mr. J. Malele – Non-Executive Director (Chair
of the Audit and Risk Committee)
Mr. V. Mashabane – Non-Executive Director
Ms. N. Molewa – Company Secretary
LICENSE CONDITIONS
New Era Life offers a diverse range of insurance products designed for comprehensive financial protection:
- Risk Insurance provides support for individual policyholders in the event of death or permanent disability, easing financial burdens for beneficiaries or the insured.
- Funeral Insurance includes individual and group plans, offering financial relief for funeral expenses, ensuring dignity and support during loss, and catering to families or collective groups.
- Credit Life Insurance safeguards policyholders with outstanding loans by covering debts in cases of death, disability, or critical illness, protecting both the borrower and their family.
- Individual Investment Insurance features guaranteed and linked options, providing secure growth through capital guarantees or potential higher returns linked to market performance
GROWTH PILLARS
- Expand market reach by establishing a strong presence in underserved rural areas, particularly within Limpopo’s key districts.
- Achieve sustainable premium income growth to support long-term financial stability and resilience.
- Maintain high standards of operational efficiency and regulatory compliance, ensuring positive audit outcomes and adherence to industry best practices.
- Strengthen partnerships with local entities, funeral parlours, and community organizations to enhance service accessibility and customer trust.
WORKPLACE COVER
New Era Life combines community-centered Funeral Insurance with comprehensive Workplace Cover through Accisure to offer essential protection for both individuals and businesses. Our Funeral Insurance provides compassionate financial support, ensuring that families can manage end-of-life expenses with dignity, bringing peace of mind when it matters most.
With our Workplace Cover, New Era Life supports employers in managing workplace injuries and diseases. This service provides employees with access to private healthcare, streamlined claims processing, and effective case management, minimizing workplace disruption and enhancing regulatory compliance. By prioritizing safety and well-being, our Workplace Cover helps employers build a culture of care, trust, and retention.
