Services / Life Insurance
Life Insurance
Secure what you've built — for those you love. Individual plans, group schemes, and pension solutions tailored for Tanzania.
Three Plans, One Goal: Your Security
Whether you are protecting your salary, your workforce, or building a retirement nest egg — ALTUS has the right life insurance solution.
Individual Life Insurance
A personal life insurance policy provides your family with financial security in the event of your passing. Choose from term life or whole-life plans tailored to your income, liabilities, and family goals.
Ideal for: Individuals with dependants, home loans, or business liabilities
- Term life — affordable cover for a fixed period
- Whole life — lifetime protection with savings component
- Critical illness rider available
- Premium waivers on total disability
- Flexible sum assured from TZS 5 million
Group Life Insurance
Offer your employees a valuable workplace benefit. Our group life schemes provide a lump-sum payment to the family of any employee who passes away during their term of employment — at highly competitive group rates.
Ideal for: SMEs, NGOs, corporates, and government institutions
- Death in service — lump sum to nominated beneficiary
- Accident and disability benefits
- Automatic cover for all permanent employees
- Minimal underwriting for groups of 5+
- Annual review and easy additions
Pension Plans
Build a secure retirement fund with our long-term pension and savings solutions. Available for individuals and employers, our pension plans combine disciplined savings with life cover to ensure financial independence in later years.
Ideal for: Individuals planning for retirement and employers building benefits
- Individual retirement savings plans
- Employer-sponsored occupational schemes
- Tax-efficient contributions (where applicable)
- Flexible drawdown at retirement
- Fund management by regulated providers
The Value of Being Covered
Financial Security
Your family receives a guaranteed payout, covering debts, living costs, and education.
Peace of Mind
Knowing your loved ones are protected allows you to focus on what matters most.
Long-Term Value
Many life and pension products build a cash value over time — dual savings and protection.
TIRA-Regulated
All products are placed with fully licensed, financially sound life assurance companies.
Life Insurance FAQs
How much life cover do I need?
A common rule is 10–15× your annual salary, but your advisor will calculate an amount based on your debts, dependants, and goals.
Can I get life cover with a pre-existing medical condition?
Yes — many conditions can still be covered, sometimes with an additional premium loading. Your advisor will discuss options.
What happens if I miss a premium payment?
Most policies have a 30-day grace period. Your advisor will contact you in advance to prevent any lapse in cover.
Can my employer pay for group life insurance?
Yes — group life premiums are typically a fully deductible business expense for the employer.
Speak to a life insurance specialist
Call 0742 009 900 · Monday – Friday: 09:00 – 17:00