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Bridging the insurance gap

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Proudly COVERING Lesotho Alliance Insurance Company has consistently strived to be the change it wants to see in the world, providing insurance solutions for all in Lesotho Writer: Phoebe Calver | Project Manager: Stuart Parker

lliance Insurance Company Limited was formed off the back of a vision to create an extraordinary company that would bridge the insurance gap in Lesotho in 1993, acquiring an insurance licence that would make it one of only two short-term insurers in the country at that time. Since its formation, the Company was structured to promote a main focus on providing excellent service to its clients. “We committed ourselves to creating and unlocking wealth for policy-holders, investors and shareholders,” explains the Company on its website. “We have structured ourselves into three business units which include, corporate services,

short-term and life divisions.” Over the years Alliance has become a major financial services provider that prides itself on providing innovative risk and wealth solutions in Lesotho. With the Company’s head office located in Maseru and spanning across the country with its regional offices, Alliance is going from strength to strength and has become a major financial services pioneer providing innovative risk and wealth solutions in Lesotho. In order to keep up with the demand that comes with such a prominent and well respected reputation, Alliance has developed its staff compliment from five in 1993, to more than 80 employees and 130 sales agents to date.

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Policies

As you would expect in such a large company, the number of policies on offer are very high, particularly offering numerous individual funeral policies in the event of death of an insured member. “Our cover extends out to family members of our policy holders in difficult times, with the option of extending the cover to extended family,” adds the Company. “We have worked hard to be able to offer the extended policy for only a The Company strongly believes in small additional premium, where the supporting its local industry products will cover M5,000,000. “These products are available to the general public and we have ensured Organic growth Now the Company is recognised as the that we offer varied payment modes leading composite insurer in Lesotho including cash, debit order, stop order, with an impressive demonstration of M-pesa and eco-cash which enables organic growth. us to accommodate each client’s “It is our aim to constantly exceed preferences.” our customers’ expectations, going Other funeral plans include Kobo the extra mile in order to make our Anela which offers a protection plant clients feel at home and taking pride in that will provide your entire family with being a Basotho Company that enables funeral cover as well as added benefits. us to cater to their needs,” adds the Again, extended family members can Company. “We have an always will be added to the cover and there are be incredibly committed to Lesotho options to choose between silver, gold and recognise it is our responsibility or platinum cover at a variety of rates to develop the insurance and asset to suit each individual clients budget. management industry.” “With our Kobo Anela Funeral As part of this dedication to Lesotho, Cover, you will receive a cash lump the Company strongly believes sum, Lesotho Funeral Services voucher in supporting its local industry to as well as six months of grocery the fullest. It will always provide a allowance that is payable to your preference to Basotho companies beneficiary,” the Company describes. when given the choice, which has “In addition they will also receive a really developed its well loved doubled cash benefit in the case of reputation. accidental death of the policy holder “Our Company’s mission has not and his or her dependents.” faltered from its original idea, aiming The Lioli Funeral Cover was designed to build an alliance with its customers by the Company as a way to provide a that provides it with affordable cash payout to cover funeral expenses insurance products, supported by our in the event of death, predominantly prompt and friendly service,” affirms when the family member’s premium is the Company. “This is supported by as little as M56 a month. Through that, our vision to remain a trusted and the principle member of the family will profitable Basotho-owned insurer be entitled to double the cash payout that is both ethical and compliant in the event of an accidental death. throughout all aspects of service.” The Company continues: “The cover

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INSURECARE INSURANCE BROKERS

nsurecare Insurance Brokers was formed in 1998 with a view to providing holistic and homegrown insurance solutions in the short-term commercial, corporative, communal, individual, and personal lines; longterm provident funds; and pension funds management. Since its incorporation, the Company prides itself on the volume of clientele it services and attributes its success to the cordial working relationships with all its clients, and this has helped the Company to consolidate its position as a leading insurance broker in Lesotho. The Company aims to provide the best level of insurance brokerage services in Lesotho, applying new international management and service systems resulting on real-time deliverables to its clients and aims to attract business from all social classes. As a valued part of the community, the Company’s corporate social responsibility is an integral part of its culture; the Company dedicates 10 percent of its profits as a minimum spend.

T +266 2232 1973

www.insurecare.co.ls

Your leading insurance broker in Lesotho BRIDGING THE GAP BETWEEN THE CONSUMER AND THE INSURER

18 YEARS experience in the insurance brokerage business.

Short-term insurance

(Personal and Commercial Lines)

Long-Term insurance (Provident and Pension Funds)

We at Insurecare Brokers go the extra mile to offer professional assistance that optimises risk management.

YES, WE CARE

Get in touch to find out how we can help you! Call +266 2232 1973 www.insurecare.co.ls

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received with Lioli extends to cover of up to M10,000, the addition of up to four parents - be that biological parents or parents-in-law - that are under the age of 80 and addition of up to two family members under the age of 65.” Its expertise in funeral cover knows no bounds, even covering clients beyond the border. With the Mohahlaula Funeral Plan, a policy designed specifically for those working or residing in South Africa, promising to cover them when no one else can. “We are able to offer a wide variety of options, with premiums as low as M48 and a payout of up to M40,000,” states the Company. “Similarly our Molemo Funeral Cover will provide premiums for as little as M56 a month, providing cover for you and your respective family members.”

Investment

Over the years Alliance has found it important to offer investment style options when it comes to as well as

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We are able to offer a wide variety of options, with premiums as low as M48 and a payout of up to M40,000

lifestyle insurance policies, which can act as a family funeral cover and wealth creation vehicle in one. “Not only does this supply our customers with superior growth potential on their investment, but also provides them with the opportunity to ensure loved ones will receive the burial service that they deserve no matter what,” states the Company on its website. “We have also made it possible to borrow or take a loan from your investment at all times.” Similarly the Kobo Anela Lifestyle insurance policy provides family funeral cover and a wealth creation vehicle in one, not only offering superior growth potential on your investment and again ensuring that in the unfortunate event of death, loved ones will be properly cared for. “Through the support of our host communities, we have been able to create such an exceptional array of insurance policies, while maintaining our stance in the industry,” the

Mots Insurance Brokers (PTY) Ltd Address: 1st Flr Rm 20 Husteds Bldg, Maseru, Lesotho, City of Lesotho Phone number: 2231 0011 | Fax: 2231 5204

At Alliance we contribute towards building the social capital of our nation by recognising the important role a company such as ours can play

Company describes. “We are driven by our core values based around being committed to the community and maintaining the promise of giving back to society.” Alongside creating plans that will aid its local community and customers, Alliance’s involvement in various corporate social responsibility

initiatives as enabled it to uplift lives in other manners. “We have found over the past 20 years that if we have been doing business in Africa, we have a perception of the needs of the community and can subsequently take into account the nation’s social concerns and needs,” concludes the

Company. “At Alliance we contribute towards building the social capital of our nation by recognising the important role a company such as ours can play. We hope to continue on in this manner, making a positive impact for our clients and the economy we operate within.”

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Alliance House, 4 Bowker Road P.O.Box 01118, Maseru, Lesotho +266 2232 6027