1Life
1Life Insurance is a South African life insurance company based in Dainfern, Johannesburg.[1]
History
1Life Insurance was founded in 2006 and began its operations as a direct life insurer in South Africa.[1] In 2012, the company introduced a USSD policy management service for its policyholders and adopted saliva-based HIV testing as an alternative to blood tests.[2]
By 2021, the company introduced its own brokerage service.[2]
In June 2021, 1Life collaborated with LifeQ and Samsung South Africa to develop a COVID-19 screening app.[3] The app uses physiological data combined with user input to provide early alerts for potential infections even before symptoms appear.[3]
In April 2023, 1Life Insurance introduced a product, the 1Life Wills and Estate Plan, designed to address estate planning issues, including estate liquidity shortfalls.[4]
In November 2023, it was announced that Clientèle will acquire 1Life Insurance from Telesure Investment Holdings for R1.91 billion.[5][6] The acquisition will be completed by June 2024.[7]
References
- ↑ 1.0 1.1 "Clientèle to acquire 1Life in a R1.91bn share swop transaction".
- ↑ 2.0 2.1 "About 1Life | Life Insurance Company in South Africa". 1Life Insurance. August 22, 2012.
- ↑ 3.0 3.1 "1Life, LifeQ and Samsung SA collaborate to launch Covid-19 screening app".
- ↑ "1Life Insurance's new product helps advisers protect and transfer clients' generational wealth".
- ↑ https://www.moneyweb.co.za/news/companies-and-deals/clientele-to-merge-with-1life-insurance/
- ↑ Theunissen, Garth. "Clientèle bulks up with R1.9bn acquisition of 1Life". Business.
- ↑ "Clientèle acquires 1Life in R1.9bn deal".
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