Bumaco Life Insurance rises from a core philosophy of “insurance as a development tool”. Bumaco is built with the mission of serving people in management and development. In respect to this, we have been serving the Tanzanian community since 1981. Our insurance history is traced way back in 1982 when we were an agency dealing with both life and non-life insurance. Following a wealth of experience in providing general insurance to the Tanzanian community and the ongoing national call for expanding the penetration of insurance in the country, Bumaco Life Insurance Company was registered in 2019. The Company is incorporated in Tanzania under the companies Act (2002) and chartered to operate as an insurer under the Insurance Act, 2009.
As our serving mission guides us, we strive to provide life insurance products, services and education to all Tanzanians. Our purpose is for every citizen to have a risk plan for themselves and their families. We, thus, have a range of products for both individuals and groups.
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.
For our customers, stakeholders, employees and society at large, Bumaco life Insurance Company Limited will strive for:
Integrity, compassion, team work, excellence, responsibility, accountability
Bumaco Life Insurance Company Limited offers the following products: