The Tanzanian economy has the highest growth rate amount its sub-Saharan economic counterpart. Reason for the list of insurance companies in Tanzania is because Tanzania has a potential for investment in the insurance sector of the economy. With over 112 insurance brokers rampaging the country, the insurance sector is still much open for investment and business.
We have researched to bring to you a comprehensive list of insurance companies operating in Tanzania.
LIST OF INSURANCE COMPANIES IN TANZANIA
- AAR INSURANCE LIMITED
- Plot No. 74, Serengeti Road/Warioba Street Mwai Kibaki Road, Mikocheni
AAR insurance Limited offer insurance services in Health and Rescue Services. The service package is designed to offer a customized experience for individuals and corporate establishments. These packages designed and redesigned to fit your needs and financial budget.
- ALLIANCE INSURANCE CORPORATION LTD
- Ghana Avenue 7th floor EXIM Tower P.O. Box 9942 DAR ES SALAAM
Alliance Insurance Corporation Limited offers a diversity of insurance services including but not limited to Fire, Marine, Motor, and Engineering. They provide an all-inclusive policy covering many of area of concern making choices easier for business entities
- ALLIANCE LIFE ASSURANCE LIMITED
- 5th-floor EXIM Tower Ghana Avenue P.O. Box 11522 DAR ES SALAAM
Alliance Life Assurance Limited provides financial and insurance services. Including Group Life/Disability Insurance to offer benefits to employees’ next of kin in events of accidents or death; Group Credit Life Insurance to covers loans advanced to borrowers to cover outstanding loans at the time of death and other life/disability-related services.
- FIRST ASSURANCE COMPANY LIMITED
- Amani Place, 4th floor, Ohio Street P.O. Box 5799 DAR ES SALAAM
First Assurance Company provides all ranges of General, Medical and Group Life assurance services. They also offer general insurance covering fire and engineering, Marine and Liability, Motor insurance and Accident. Support is given to meet consumers specific needs.
- ICEA LION GENERAL INSURANCE COMPANY (T) LIMITED
- Plot No. 331, Kambarage Road Mikocheni A P.O. Box 1948 DAR ES SALAAM
ICE offers consumers many insurance products and service in areas of Domestic Insurance, Travel Insurance, Accident, Vehicle, Goods in Transit, Directors & Officers Liability, Trustee Liability, Bonds, Aviation Insurance, Products Liability, Sabotage. Other packages include Terrorism and even Political Risk, Electronic Equipment Cover, Deterioration of Stock, Group School Fees Protector, Fidelity Guarantee, Industrial All Risk, Machinery Break down, Student Personal Accident, Work Injuries Benefit (WIBA), Employers Liability.
- INSURANCE GROUP OF TANZANIA LIMITED
- Situated at the 12th floor of the NIC Investment House Samora Avenue P.O. Box 605 DAR
Insurance group in Tanzania limited to offer any kind of services including property insurance, Marine Aviation Insurance, Engineering Insurance, Liability Insurance and Accident Insurance.
- JUBILEE LIFE INSURANCE COMPANY LTD ARUSHA BRANCH
- Ground Floor, Ngorongoro Wing AICC Building,
Jubilee Life provides health-related Individual Insurance that is inclusive of expenses incurred from medical services received abroad, Cost of medical evacuation and repatriation in case of illness or accident, Cost of extended stay caused by sickness Cost of emergency return home following the death of a family member. They also offer Insurance that includes death in service benefits inclusive of burial expenses. They basically cover employee-related health issues while still in service of corporate policyholders.
- MAXINSURE LIMITED TANZANIA
- Maxinsure is located on the 3rd Floor, Wing B Golden Jubilee Towers Ohio Street
They offer insurance for the motor, home, and business. Maxinsure’s diverse business lines offer its customers a wide range of insurance coverage including risks against Fire & Theft, Jewelry & valuables, Domestic Mechanical & Electrical Appliances among others. They also offer travel insurance.
- METROPOLITAN TANZANIA INSURANCE COMPANY LIMITED
- Diamond Plaza, 6th Floor P.O. Box 77016 DAR ES SALAAM
With a major focus on Healthcare, Metropolitan Tanzania Insurance offers Insurance products tailored for individuals including Assets, all risk for Corporate, fire insurance, business all risk, money insurance, burglary theft, fidelity guarantee, group or personal accident.
Packages also include workmen related compensation, contractor all risk, construction all risk, heavy machinery repairs and replacement, bonds, public and product liability, professional indemnity, marine hull, marine cargo, aviation.
- MGEN TANZANIA INSURANCE CO. LTD
- Principle Officer: Mr. Charles Sumbwe
MGen offers a wide range of general insurance services/products that include Motor Insurance, Fire, Loss, And Profit, Liability, Burglary, Domestic Property Insurance, Fidelity Guarantee Insurance, Money Insurance, Personal Accident Insurance. Some other insurance plan nudes the sophistication of Marine, Aircraft Insurance, Contractors heavy Machinery and personal Insurance, factory Plant All Risk Insurance, Electronic Equipment Insurance, Stock deterioration insurance, Goods in Transit Insurance, Office Content Insurance, Compak Insurance, Travel Insurance Content Insurance, Kinamama Content Insurance.
- MILEMBE INSURANCE COMPANY. LIMITED
- Housed at the 2nd floor VIVA Towers Ali Hassan Mwinyi Street P.O. Box 14548 DAR ES SALAAM
Milembe avails consumers with individualized insurance packets to handle various extensive risks and opportunities. Their private and corporate offering includes; Burglary, Domestic Package, Equipment, Fire, Fire & Allied Perils, Machinery, Breakdown, Motor, Personal Accident, Plate Glass, Travel, and corporate offering: All Risks, Burglary, Business Interruption, Fidelity Guarantee, Fire, Fire & Allied Perils, Goods in Transit, Liability, Breakdown, Marine, Money, Motor, Personal Accident etc.
- MO ASSURANCE COMPANY LIMITED
- Situated at the 8th Floor, CRDB Building Azikiwe Street P.O. Box 20660 DAR ES SALAAM
Various kind of services is provided by MO Assurance including Bond business and Construction Project Insurances. The insurance service they offer include: Fire, Allied and Special Perils which can be extended to include damages from malicious damage, explosion, bushfire, earthquake, riots, strikes and damage resulting from natural disasters like hurricanes, heavy snow, cyclones and tornadoes, windstorms, hailstorms, cyclones, floods, burst pipes/tanks and even objects falling from over-flying airplanes.
Also, insurance for burglary-related loss or damage following forcible theft or housebreaking into or out of the premises. Other insurance coverage includes insurance for loss of money to or from the bank or in the insured’s premises through robbery or holds up. And lastly, a fidelity guarantee policy that indemnifies the employer against all direct pecuniary loss among others
- NATIONAL INSURANCE CORPORATION (T) LIMITED
- Address: NIC Building Corner Samora Avenue, Pamba Road. P.O. Box 9264 DAR ES SALAAM
They provide high-quality customer-focused insurance services to organizational, commercial, and personal line clients through innovative marketing, efficient and effective management of resources, thus maximizing shareholders returns and remain the market leader.
The National Insurance offer packages are distinguished based on the life and non-life insurance. The life insurance plan covers the Whole Life Insurance-Under the Whole Life Policy. Premiums are payable throughout the lifetime of the life assured. While the Non-Life Insurance Covers Fire Insurance, Motor-Motor, Burglary Insurance, Insurance of Money, Fidelity Guarantee Insurance among many other.
- NATIONAL HEALTH INSURANCE FUND
- Kurasini Bendera Tatu, P. O. BOX 11360 DAR ES SALAAM
The National Health Insurance Fund (NHIF) is a compulsorily established Health Insurance Scheme by the Act of Parliament No. 8 of 1999 (CAP 395 R.E 2002). The main objective for establishing the fund was to ensure the accessibility of health care services to all Central Government employes workers, as well as formulating and promulgating health policies for the sound administration of the scheme. This Act established health insurance program was subsequently amended to include private sector institutions’ worker, individual members of the society and their respective legal dependents that joined the Fund on a voluntary basis.
The National Health insurance fund in Tanzania guarantees payment for the costs of health-related challenges relating to medicines prescribed in Generic names and medical consumables.
Furthermore, The Fund covers for the costs of Investigations and Diagnostic test, Minor, Major and Specialized surgical services of the aspects that the Fund covers Inpatient Care Services including ICU and HDU, Physiotherapy and rehabilitation services, Eye and Optical Services, Dental and Oral Health Services, Retirees Health Benefits and Medical/Orthopedic Appliances.
This simple package covers a wide range selection of Out and Inpatient Services. These services include 67 Cancer Medicines, 321 Investigations, 65 Specialized Procedures, 11 Medical and Orthopedic appliances, 118 Minor Surgeries, 217 Major Surgeries, 48 Ordinary Procedures, 126 Super Specialized Surgeries612 types of Medicines, 17 Immunosuppressant and 43 Medical Supplies.
- NIKO INSURANCE (TANZANIA) LIMITED
- PPF House – 6th Floor Morogoro Road/Samora Avenue P.O. Box 21228 DAR ES SALAAM
Niko insurance limited carves a niche of servicing their customers with the duality of insurance and banking services. By combining operations with a series of synergistic networking partnerships while maintaining a strong customer focus. These services are categorized into business and personal products. Under business package service offering includes Motor, Fire, Engineering, Erection All Risks, Marine, Package, Miscellaneous or Accident.
- REAL INSURANCE TANZANIA LTD
- 2nd Floor PPF Towers Ohio Street/Ghana Avenue P.O. Box 75433 DAR ES SALAAM
Real Insurance Tanzania provides her clients with diverse insurance packages as listed below: Corporate Package, Real Engineering, Travel, Motor, Personal, Marine and SME insurances.
Still on the insurance companies in Tanzania list
- RESOLUTION INSURANCE COMPANY LIMITED
- Housed in Harambee Plaza – Plot 1858, Kaunda Drive off Ali Hassan Mwinyi Road P.O. Box
Resolution Insurance Company dignifies health care and promotes Healthy Living cum Wellness for all members both individual & corporate, They Cover for life, they provide insurance coverage regardless of age as long as membership subscription is confirmed.
Resolution Insurance Provide in-patient &outpatient cover plans to Individuals, Families, Groups, Corporate entities, Product offerings for Local Cover, Regional Cover, International Cover.
- SANLAM LIFE INSURANCE (T) LIMITED
- 9th Floor, Amani Place, Ohio Street P.O. Box 22229 DAR ES SALAAM
At Sanlam Tanzania, they offer a variety of affordable financial security to individuals, families, and institutions. Personal packages available under Life assurance that guarantees you peace of mind that your family can take care of their needs and expenses if you pass away. Which implies that your death will not place a financial burden on your loved ones. The funeral cover gives your loved ones a dignified funeral without worrying about how you will pay for the expenses. Travel Insurance cover makes sure that you and your loved ones are covered while you travel. Disability, Critical illness is another plan available to be chosen from.
- STAR GENERAL INSURANCE TANZANIA LIMITED
- 7th Floor, Harbour View Towers, Suite 704, Samora Avenue. P.O. Box 71956 DAR ES SALAAM
General Alliance, we offer brave new and innovative products to the market such as fish, cattle and poultry insurance. Their more conventional offering includes personal and business packages to cover Travel Insurance, Fire insurance, Material loss, Loss of Rent, Burglary & House Breaking insurance, All Risks for personal effects/valuables, Workmen’s Comp. for Domestic Servants, Property Owner’s Legal Liability, Occupier’s Legal Liability to Public, Personal Accident, Baggage Insurance, Motor vehicle Insurance, TP Liability per Act only, TP liability –(Includes TPPD), TP liability plus Fire & Theft, Comprehensive Cover, Electronic Equipment, Break down of Domestic Appliances.
Business package levels are also available.
- STRATEGIES INSURANCE (TANZANIA) LIMITED
- Plot 48A, Mkadini Road, Oysterbay P.O. Box 7893 DAR ES SALAAM
Strategies Insurance’s niche is her specialty in offering easily affordable and appropriate health insurance plans for the Tanzanian based industry. They offer reasonable and reliable medical insurance plans ranging from very basic to top-end executive international covers. They provide both retail and corporate plans.
- THE HERITAGE INSURANCE COMPANY TANZANIA LIMITED
- OysterBay Office Complex 368 Msasani Road, P.O. Box 7390 Dar es Salaam
The Heritage Insurance Company offers insurance service on the following: Assets All Risks, Aviation, Boiler and Pressure Vessel, Bonds, Building Combined, Burglary / Theft, Business All Risks, Contractors All risks, risk involving workers, machinery, Employers Liability, construction Erection All Risks, Fidelity, Fire and Allied Perils, Glass Insurance, Goods in Transit Policy, Group Personal Accident, Hotel Combined Liability, Industrial All Risks, Machinery, risk of Marine Cargo in transit, Cash in Transit, Motor Insurance insurance and trade Risks, Office and Professional Indemnity, Public Liability, Tour Operators Liability, and Workers Compensation
- UAP INSURANCE TANZANIA LIMITED
- 4th floor, Barclays House Ohio Street P.O. Box 62729 DAR ES SALAAM
UAP makes sure that her Institutional and Individual subscribers enjoy an ever-increasing number of insurance solutions tailored to mitigate negative economic effects, provide peace of mind and assure them of a better life. The benefits of UAP’s service plans include General Insurance from Accidents, theft, and losses, Aviation, Engineering Solutions, Property, Liability, Motor, Marine, Miscellaneous/Others, Agriculture Solution.
CONCLUSION ON THE LIST OF INSURANCE COMPANIES IN TANZANIA
While government and security bodies are doing their best to guarantee the safety of life and property, it is impossible to contain all risk that poses threat to life and property. Insurance is a way of making sure that comes what may, one would not be in shock or at loss for what to do. Any of the above-listed insurance agencies can be trusted to offer services in line with their corporate policies.
Tags: List Of Insurance Companies In Tanzania