Unlocking Possibilities
As a seasoned insurance provider founded in 1979, New Era Life, a subsidiary of the Limpopo Economic Development Agency (LEDA), brings a strong commitment to financial protection, peace of mind, and community impact.
Limpopo Investment Conference 2024 aligns perfectly with our mission to bridge insurance gaps for underserved communities through accessible, comprehensive insurance solutions.
We aim to connect with potential investors, partners, and stakeholders to further our vision of providing quality financial protection for individuals, families, and businesses across Limpopo and South Africa.
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).
Our mission is to deliver security, peace of mind, and financial protection to our customers, offering a wide array of insurance products designed for individuals, families, and businesses.
License conditions
These license conditions empower New Era Life to offer a full spectrum of protection and investment options, each carefully regulated to maintain compliance with industry standards and to meet the diverse needs of our clients. Our focus on comprehensive, accessible products under these licenses ensures that we can effectively contribute to financial security and well-being across South Africa.
Risk Insurance:
- Individual Death: Provides financial support for beneficiaries after the policyholder’s death.
- Disability Lump-Sum: Lump-sum benefit for permanent disability to ease financial strain.
Funeral Insurance:
- Individual: Covers individual funeral expenses for family support.
- Group: Collective coverage for communities or workplaces.
Credit Life:
- Covers loan obligations if the policyholder dies, becomes disabled, or critically ill.
Investment Insurance:
- Guaranteed: Secure growth with capital protection.
- Linked: Market-based products with potential for higher returns.
Governance
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
Our Funeral Products
Family funeral products provide comprehensive financial protection to cover funeral expenses for policyholders and their loved ones, ensuring peace of mind during difficult times. With affordable premiums and coverage that extends to immediate family members, these plans offer a practical solution to prevent unexpected financial burdens. Fast claims processing ensures that families receive timely support, allowing them to focus on healing rather than financial worries.
Our mission
New Era Life is dedicated to creating accessible, comprehensive insurance solutions that provide financial security and peace of mind for underserved communities across South Africa
We envision a future where everyone has access to financial protection, bridging the insurance gap by leveraging digital transformation, community partnerships, and a customer-centric approach to meet diverse needs effectively.
Value proposition
New Era Life offers integrated Workplace Benefits and Funeral Insurance to support employees’ immediate needs and long-term family security.
Workplace Benefits ensure safety and compliance by managing workplace injury claims and facilitating access to private healthcare, fostering trust and retention.
Funeral Insurance provides financial relief during difficult times, strengthening employee loyalty and demonstrating employer care.
This dual approach enhances employee welfare, ensures compliance, and builds a culture of care, positively impacting both the workplace and beyond.
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.
· Foster community impact by educating clients on insurance benefits and offering products that address their unique needs for financial protection.
