Ongeza Life (Pty) Limited is an authorized Financial Services Provider (FSP No. 50004), operating a life insurance cell captive underwritten by Guardrisk Life Limited (FSP No. 76).
The company is domiciled in Johannesburg, South Africa, but it has a national footprint through the digital platform as well as through the broker network.
Driven by an entrepreneurial spirit, the company developed a unique and innovative life insurance product that is the first of its kind internationally. The product is named Ongeza Life Plan (OLP). The name “Ongeza” means adding or accumulating in many African languages, resonating well with the product that is premised along the lines of accumulating life cover bought on a pay-as-you-go basis.
Ongeza Life is supported by reputable brands including Guardrisk (the Underwriter) and Africa Re (the Reinsurer), providing a great sense of confidence and security as we roll-out the Ongeza Life Plan in South Africa, with an aim of extending the roll-out to the rest of the continent in the near future.
