Madison Financial Services PLC

Business Description

Madison Financial Services Plc is a Zambia-based financial services company. The Company's businesses include life insurance, non-life insurance, asset management and microfinance. Its life insurance business offers savings, protection products and other long-term contracts (both with and without insurance risk and with and without discretionary participation features). Its life insurance products comprise whole life, term assurance, unitized pensions, mortgage endowment products and health insurance. Its non-life health care contracts provide medical cover for policyholders. Its non-life insurance business comprises general insurance for individuals and businesses. Its general insurance products offered include motor, household, commercial and business interruption insurance. Its microfinance business is engaged in providing microfinance loans to small and medium enterprises and employees of both public and private institutions based on a payroll deduction agreement.

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