New Era Life Insurance

New Era Life InsuranceNew Era Life Insurance is a financial institution and long term-insurer which has been providing life insurance products for over 30 years. The company’s main portion of its business operations consist of funeral policies and the target market is mainly members of the lower income groups. New Era Life Insurance is jointly owned by the Limpopo Economic Development Enterprise, a wholly owned subsidiary of the Limpopo government and Permit Group 2 (Pty) Ltd, a wholly-owned subsidiary of Imvume Resources (Pty) Ltd.  With funeral policies as its core business function, New Era Life had 227 000 policy holders mainly from the poor communities.

New Era Life Insurance was subjected to legal proceedings in 2009 following the alleged contravention of section 26 Long Term Insurance Act. This contravention stemmed from the fact that the owner of New Era Life Insurance effectively controlled 95% of the shares in New Era through Permit Group 2, a wholly owned subsidiary of Imvume Resources. After this finding was declared, New Era Life sought rectification of this non-compliance issue by entering into a transaction with the South African Transport and Allied Workers Union in terms of which the union acquired 51% of the New Era business. New Era Life was subsequently placed under provisional curatorship in 2010.

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New Era Life Insurance company Contact Details:

Tel: 011 463-0453
Email: info@neweralife.co.za
Website: www.neweralife.co.za

8 Comments

  1. quotes for funeral policies for a funeral parlour

  2. CATHY

    Please call me,need to follow up on a policy

  3. CATHY

    0743498xxx,Follow up on a policy

  4. Melvin

    Can u plse assist me with a quotation for our cash plan funeral scheme we look for a company who can underwrite us as we are a community base funeral scheme.

  5. M J Ndabambi

    Kindly assist with process of my query for funeral claim,I send document on the 5/5/2017 about 15;50 by fax.

  6. Thobile Irwin Matyhila

    Kindly assist me with qoatation for funeral schemeas I am looking for a company who can underwrite us.
    We are a registered community based funeral services.

  7. Magda Kendall

    Please contact me urgently regarding my policy. Your phone number is invalid and I get no reply from the person I dealt with before.

  8. Cindy Hoffmann

    Policy 039512037785 matures 1 April.
    My previous contact seems to have left as email comes back as undelivered.
    Please advise as to process of paying out the policy
    Thanks

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