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Insurance Institute of Zambia (IIZA)

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The Insurance Institute of Zambia (IIZA) is the national professional body for insurance and insurance related activities professionals in Zambia. It was officially registered on 18th September 2005 under the Societies Act and launched on 31st March 2006 at Mulungushi International Conference Centre, by the then Deputy Minister of Finance & National Planning , Honorable Kapembwa Simbao, MP.

Please visit our website for more information about the Institute and the Zambian insurance industry.

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From The Glossary »

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Investment Linked Life Insurance:

A savings oriented form of permanent life insurance similar to investment contracts except that the policy owner does not have a separate savings account with the company to which interest is periodically credited. Instead, the savings element of premiums paid is pooled with all other policies of the same class to form a separate fund, sometimes by means of unit trust scheme. The value of a policy owner’s savings is represented by his share of ...
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