Smile: Making Insurance Affordable
SmileLife Insurance Company Limited, Making Life Insurance Affordable
Group Life Products Policy

Why Choose Smile Life?

Management team consists of professionally qualified personnel in Life Insurance business with over thirty years experience in the business.

Board of Directors and Shareholders consists of respected Malawians in the society, with impeccable academic and professional
qualifications.

Products are tailor-designed to suit the cultural and traditional needs of Malawians.

Very high standard service levels leading to fast claims settlement.

Very high Free Cover/Medical Limits with easy medical requirements .i.e. not more than 5% of scheme membership required to produce
medical evidence to enjoy maximum covers and lapse of five years before fresh medicals are required.
Very competitive premium rates.

Smile Life Insurance Company is reassured by Hannover Life Re Africa (Pty) Ltd. with an ("A") financial rating by Standard and Poors. This rating
is higher than the required financial rating of (BBB) by the Reserve Bank of Malawi.

It is the first Malawian wholly owned life insurance company and therefore a pride of the nation. All the other players in the life insurance
industry are owned by foreign majority shareholders.

THE BENEFITS OF ENGAGING DIFFERENT MANAGERS AND ADMINISTRATORS FOR THE PENSION SCHEME AND THE DEATH-IN SERVICE/GROUPLIFE INSURANCE
SCHEME.


The following benefits will emerge if the management and administration of the pension schemes will be separated:

The Employer will clearly know the cost of the Death in Service Benefits/Group Life cover on an annual basis.

The Employer and Employees will easily follow the annual pension contributions and the accumulated pension contributions made over the
years, as the cost of the two benefits will be made and accounted for separately.

As the management and administration of the two benefits will be separated, members and dependants will no longer be affected by delays
in the settlement of benefits (death claims and refund of pension contributions) caused by the inefficiencies /poor service delivery of one
administrator for both benefits as is the situation now. In other words, you will put all your eggs in one basket.

Members will now enjoy higher medical limits and easy medical requirements offered by a specialist Life Insurer specializing only in death in
service benefits.

Members will enjoy an Accidental Death Benefit where they will enjoy full cover up to a maximum of K30 million for a period of three months
while arranging their medical requirements.