Corporate profile

1life corporate profileMaking convenient and affordable insurance accessible to all South Africans1Life launched on 14 March 2006 during an unstable time for the life insurance industry. South Africans were demanding more from their insurers and consumer confidence was at an all-time low. 1Life took on this challenge and set out to provide South Africans with affordable, simple and convenient insurance products.

As a key player in the South African life insurance industry 1Life is proudly South African and particularly mindful of the needs of the South African consumer. Our vision is to transform the South African insurance industry into a customer-centric and service orientated industry that is dedicated to equipping consumers with the financial know-how they need to change their lives and the lives of their families.

ProductsIn addition to Pure Life Cover we offer disability insurance and dread disease cover as well as funeral insurance through 1Life Funeral Cover. In 2012 we further expanded our product offering and launched 1Life Investments (unit trusts) and 1Life Personal Loans. We will continue to seek out opportunities to grow our product base.

InnovationAs one of South Africa's key life insurance companies, 1Life is proudly South African and particularly mindful of the needs of the South African consumer. Not only were we the first truly direct insurance company in South Africa we were also the first to sell life insurance online and on our mobi site. Our list of firsts does not end there. We were also the first life insurer to launch a USSD policy management service (*120*101#) for our policyholders and the first and only life insurer to introduce HIV testing via saliva swab instead of blood tests.  

As an employer we are committed to skills development and have a clearly defined, well-implemented empowerment policy. In addition, we have achieved a level 6 Broad Based Black Economic Empowerment (BBBEE) accreditation and have implemented a number of initiatives aimed at improving our BBBEE status.

We have a healthy solvency CAR (Capital Adequacy Ratio) and are reinsured by Hannover Re.

1Life is 100% owned by Telesure Investment Holdings. We are a registered FSP (Financial Services Provider) and are 100% FAIS compliant.

Directors

L. Hillman (Managing)
H. Griffiths*
S. Klinkert*
E. Links*
D.E.H. Loxton*
P. Pettersen*
D. Pead (Chairman)**

Company Secretary: R.J Pretorius, Statutory Dynamics

(*Non-executive **Independent non-executive)