Assupol Life was founded in 1913 and focused it business on death, disability
and dread disease insurance while also providing investment services to its clients.
Right up to the 1990s the company concentrated on delivering services to niche markets
and as a result maintained a relatively low profile within the general insurance
market.
The 1990s saw a change in strategy for Assupol Life as it started competing more
vigorously in the mainstream insurance market. Much has been done to establish the
brand especially amongst low income earners, but inroads have also been made amongst
middle and high income earners. Assupol Life currently has a client base that is
88 percent black.
Assupol Life offers the following life cover products:
The Progress Legacy Plan: cover for death, disability, dread disease, accidental
death
The Progress Accident Plan: an accidental death insurance policy
Progress 4Sure Plan: life, disability and dread disease cover without the
need for blood tests
The company also has a variety of investments options available and funeral policies.
It also offers a retirement annuity (RA).
The Assupol Life Group of Companies provides a wide range of financial services.
The group consists of the following companies:
Kestrel Financial Solutions (Pty) Ltd
Prosperity Funeral Administrators
Prosperity Life
Isambulela Group Administrator (Pty) Ltd
AAF Micro Financing and Investment (Pty) Ltd
Cornerstone Group Scheme Administrator (Pty) Ltd
Of these, Kestrel Insurance Brokers is especially significant as it is a 100% subsidiary
of Assupol Life and offers a variety of short-term insurance options.
Should you wish to contact Assupol Life, their details are as follows:
Head Office
Physical Address:
308 Brooks Street
Menlo Park
Pretoria
Postal Address:
P O Box 35900
Menlo Park
Pretoria
0102
Telephone: (012) 362 1772
Fax: (012) 362-0859
Call Centre
E-mail: assupoldirect@assupol.co.za
Telephone: 0860 103 091
Fax: (012) 366-3730
Postal Address:
Assupol Direct
PO Box 35900
Menlo Park
Pretoria
0102
Website: www.assupol.co.za (not www.assupollife.co.za)
Assupol and variations of this name/trademark belong to Assupol Life and not to
InsuranceHound.co.za.