Bancassurance

Imagine if you had a one-stop shop for all your banking, insurance and financial needs? Well, Alliance Life Insurance has made that dream into a reality with Bancassurance. So what exactly is Bancassurance? Simply put, the core belief behind this phenomenal concept is to make life insurance protection readily available and accessible to one and all – to sell varied financial products through one window – making your local bank branch a “one-stop-financial-shop”.

Available Options

CREDIT LIFE Is currently offered in conjunction with licensed lending institutions, whereby we offer insurance for the Borrower against any claims the lender might have against their estates as a result of the borrower either dying, suffering from disability and hence not being able to earn any income, or suffering from retrenchment from their employment, this cover will protect the borrower by settling their outstanding loan balance.

Our Mortgage Protection Plan will pay out the outstanding capital of your home loan in the unfortunate event of death before the end of the mortgage loan period. We also pay out in the case of permanent disability. Mortgage Protection Plan is offered to

retail banks and

mortgage finance institutions.

Employee Benefits

Most people auto-enrol in their insurance benefits through work. Take time to review your employee benefits products to ensure you get the financial security your company and employees need. Alliance employee benefits products can help you better meet each employee’s needs with a customized benefits solution. Information, tools and resources that can help you take better advantage of your employee benefits.

Available Options

We offer CAPITAL DISABILITY BENEFIT under our employee benefit solutions whereby in the event that the life(s) insured is disabled, either permanently or temporarily, and no longer able to earn an income, Alliance Insurance will pay the insured amount as a lump sum to ensure that the assured life(s) can still support his/her family.

GROUP FUNERAL SCHEMES Are also part of our employee benefit solutions, although it can be offered to any homogenous group, like associations e.t.c. the Group funeral policy offers funeral cover to members of the affected group who have been insured under this scheme, as well as their immediate family members, with the option of including their extended family for a small additional premium, and in the death of an insured life, the company pays the sum assured to their nominated beneficiaries within 48 hours, to cover their funeral expenses.

GROUP LIFE ASSURANCE (GLA) Is life cover that is offered to company employees as part of our employee benefit solutions, it can be customized to their needs, and risk profile, and in the unfortunate event of any employee dying while enjoying this benefit, Alliance Insurance will pay out the insured Sum, which is normally a multiple of each employee’s annual salary at the time of death.

We offer our Income Protector Plan that provides your employees with monthly income in the event that they become disabled and unable to work. In order to preserve buying power of their income, you have the option to escalate the monthly benefit annually at the lesser of the agreed escalation rate and the presiding rate of inflation (CPIX).

We currently offer and administer Group Provident Fund schemes as part of our employee benefit solutions, and this is a voluntary contributory scheme, where the employee and their employer contribute every month with their contributions accruing at a competitive interest rate, linked to the market performance of their invested assets, on retirement a member can use their proceeds from the fund in order to procure a pension which will pay them a monthly annuity and offer them financial security in their older age. The employee can also claim their share on withdrawal from the scheme or at death before their withdraw from the scheme.

Funeral

We currently offer a number of INDIVIDUAL FUNERAL POLICIES which offer a payout to cover funeral expenses in the event of the death of an assured member, the cover extends to family members of the policyholders with the option of extending cover to extended family members under same policy for a small additional premium, these products offer cover up to M50 000.00, These products are available to the general public with varied payment modes like Cash, Debit Order, Stop Order, M-pesa and Eco-cash to accommodate each client’s preferences.

Available Options

KoboAnela Funeral protection plan gets you a family funeral cover with added benefits. Extended family members can be added to the cover and you have an option of choosing between the Silver, Gold, or Platinum covers at different premium rates to suit your budget.
What you get:
• Cash lump sum
• Lesotho Funeral Services voucher
• 6 months grocery allowance payable to your beneficiary
• Doubled cash benefit in the case of accidental death of the policyholder or his/her dependents

Lioli Funeral Cover provides a cash payout to cover funeral expenses in the event of your death or that of your family members at a premium of as little as M56.00 per month. Principal member and spouse are entitled to double cash payout in the event of accidental death.

What you get:

  • Cover of up to M10 000
  • Doubled cash benefit in the case of accidental death
  • Addition of up to 4 parents being biological parents & parents-in-law, under the age of 80 at an additional fee of M5.50 per M1 000 cover.
  • Addition of up to 2 family members under the age of 65 at an additional fee of M6.50 per M1 000 cover.

Our funeral protection knows no boundaries as it covers our clients even beyond the border. Mohahlaula Funeral Plan is policy designed specifically for Basotho working or residing in South Africa, as it promises to cover them when no one else can. Different options are available with premiums as low as M48 and a payout of up to M40, 000.

 

What you get

  • Repatriation of mortal remains to residing district in Lesotho
  • Lump sum cash benefit (doubled in case of accidental death)
  • Grocery benefit
  • Airtime

With Molemo funeral policy, a monthly premium of as little as M56.00 per month provides cover for you and your respective family members.

What you get:

  • Maximum of M10 000 cash payout
  • An option of adding up to 4 parents (parents of the policyholder & parents-in-law) below the age of 80 at an additional fee of M5.50 per M1 000 cover.
  • An option of adding 2 family members below the age of 65 at an additional M6.50 per M1 000 cover

At a monthly premium of M56.00, Tse putsoa funeral policy provides cover with cash payout for you and your immediate family members with an option of adding extended family members .

What you get:
• Cash payout of up to M10 000
• Cash benefit that doubles in the event of accidental death
• Optional inclusion of parents under the age of 80 (parents or parents-in-law), at an additional fee of M5.50 per month.
• Optional inclusion of 2 family members under the age of 65 at an additional fee of M6.50 per M1 000 cover

Investment

We currently offer KoboAnela lifestyle insurance policy which is a family funeral cover and wealth creation vehicle in one. Not only does it offer superior growth potential on your investment, but it also gives you the opportunity to ensure that in the unfortunate event of death, you and your loved ones will get a respectable well deserved burial service. You can also choose to borrow or take a loan from your investment.

Available Options

KoboAnela lifestyle insurance policy is a family funeral cover and wealth creation vehicle in one. Not only does it offer superior growth potential on your investment, but it also gives you the opportunity to ensure that in the unfortunate event of death, you and your loved ones will get a respectable burial service.

What Our Clients Are Saying