An ISO 9001:2008 Certified Company

Island Life Assurance Co. Ltd (ILA),

ILA,  a fully-owned subsidiary of Currimjee Jeewanjee and Company Ltd and part of the esteemed Currimjee Group, has been a stalwart in Mauritius’ insurance sector since its establishment. With roots tracing back to 1890, the company has garnered over three decades of experience in the Mauritian market, specialising in long-term insurance and pension services.

Mission and Values

ILA is committed to becoming one of Mauritius’ most dependable and trusted life insurance providers, guided by core principles of integrity, customer focus, product innovation, and financial stability. The company aims to uphold these values while offering a diverse range of innovative insurance products tailored for both individuals and corporations.

Product Offerings

For Individuals, ILA’s product portfolio is comprehensive and customer-centric:

  • Investment Plans with Competitive Bonuses: Providing opportunities for long-term wealth accumulation with attractive bonus schemes.
  • Cash Back Policies: Offering periodic returns every 4 or 5 years, enhancing liquidity for policyholders.
  • Educational Policies: Ensuring financial support for educational expenses, securing the future of policyholders’ children.
  • Pension Plans: Facilitating retirement planning with robust fund management and pension administration services.
  • Pure Risk Covers (Term Policies): Offering essential coverage against life’s uncertainties with flexible terms.
  • Key Man Insurance: Protecting businesses against the financial impact of losing key personnel.’
  • Secured Loans: Providing financial flexibility through loan facilities for housing and other purposes.

ILA distinguishes itself by consistently delivering bonuses that exceed market norms, a testament to its sound management and prudent investment policies. Additionally, all plans are customizable with optional riders such as critical illness coverage, accidental death benefits, and premium waivers, tailored to meet specific customer needs.

Corporate Services

For Corporations, ILA offers:

  • Group Life Assurance: Providing comprehensive life cover to employees, enhancing corporate benefits packages.
  • Pension Administration and Fund Management Services: Managing and safeguarding corporate pension funds, ensuring compliance and financial security.

Distribution Channels and Customer Service

ILA’s products are accessible to the general public through a dedicated sales force and direct marketing efforts, enabling personalised product adaptations to meet diverse client needs. Customer satisfaction is prioritised with a dedicated team supported by robust IT infrastructure, ensuring efficient service delivery and client engagement.

Future Outlook

Looking ahead, ILA remains committed to expanding its market presence and enhancing customer satisfaction through continuous product innovation, prudent financial management, and superior customer service. With a strong foundation built on trust and reliability, ILA is poised to further solidify its position as a leader in Mauritius’ insurance landscape.