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Regardless of unfortunate life events that we may not be able to prevent such as death, sickness, inability to work, and old age, you can still organise your life and prepare for such. Life Insurance assists you in organizing your life journey through protection against unfortunate occasion such as death; save for your future and old age; and invest for your children's education. Life Insurance, unlike other savings schemes such as fixed accounts, provides protection. At Bumaco Life Insurance we listen and plan together to ensure that your life is protected, you have the adequate saving and investment.

We care for your life with compassion..

Our Vision

Providence

Our Mission

To initiate, propagate and institute among individuals, groups and communities lifestyles that embody providence and provide insurance services that support the actualization of this mission.

Core Value

For our customers, stakeholders, employees and society at large, Bumaco life Insurance Company Limited will strive for:

Integrity, compassion, team work, excellence, responsibility & accountability

Our Product

Bumaco Life Insurance Company Limited offers the following products:

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Anticipated Endowment

This assurance policy provide for lump sum benefits at periodical intervals. But in the event of death the full sum assured is payable

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Bumaco Life Provider

This assurance policy provide for lump sum benefits in the event of death and on survival, 2 times the full sum assured together with accrued bonuses will be paid

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Education Annuity

The sum assured and accrued bonus are paid by instalment over agreed period to provide fees for whether Primary, Secondary or University Education.

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Endowment

This product of assurance has both, protection and savings elements. It provides benefits on premature death of an employee or on retirement of the employee.

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Endowment Maturity at Age 60

In this policy the holder chooses to have the policy to mature when he attains age of 60 years

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Fixed Term Assurance

Term of assurance in this type of assurance is 7 years to 20 years

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Group Credit Life

This policy is designed to pay off a borrower's debt if that borrower dies within the loan period.

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Group Endowment

This policy pays the sum assured, together with the accrued bonus if applicable, on death of a member or on survival until attaining retirement age.

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Group Life Assurance Plan

This plan suits groups that are tied together for similar purpose. Each member of the group will have their own limit or sum of assurance and will be specified in the policy schedule

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Immediate Annuity

This is a plan where a policyholder chooses to purchase an annuity to be paid to him monthly for a term of 5 years or beyond if the annuitant is alive

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Super Education Annuity

The sum assured and accrued bonus are paid by instalment over agreed period to provide fees for whether Primary, Secondary or University Education in categories policy of Junior, Senior or Combo.

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Whole Life Assurance

In this type of assurance, the policyholder agrees to pay premiums into the policy for a specific term.

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Your Benefits

Why Choose Us

We strive to understand your lifestyle and come out with life insurance products that address you and those you care for.

  • Compassionate careStrive to provide insurance services diligently.
  • Protection and Savings Your life journey is protected against unfortunate occasion
  • No policy feesFree of charge of any policy document.
  • 24/7 SupportGuarantee help and guidance.

Get a free quote

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Our experts will reply you with a quote very soon