Ontech Life Insurance Platform
Ontech Life Insurance Platform
End-to-end life insurance administration with PIA regulatory returns, IFRS-17 compliance, actuarial valuations, beneficiary protection tracking, and mobile money premium collection. From underwriting to maturity payout -- one platform, fully compliant.
Every feature in this platform has been designed around the specific requirements of the Insurance Act No. 38 of 2021 and PIA directives. Compliance is not an add-on -- it is the architecture.
Track and lodge actuary-certified premium rates with the Registrar. Automated version control ensures every rate change is auditable and compliant with Section 48 requirements.
Automated customer due diligence on policyholders and beneficiaries per Section 32. PEP screening, sanctions checks, and KYC verification at onboarding and at every beneficiary change.
Full tracking of beneficiary designations per Sections 33-36. Spouse and minor child protections enforced at policy issuance and claim settlement. Irrevocable beneficiary flags and consent workflows built in.
Automated 30-day free-look period tracking from policy delivery. System flags approaching deadlines, manages cancellation requests, and calculates premium refunds per Section 46.
Every policy tracks its contestability window per Section 44. Claims filed within two years are automatically flagged for enhanced investigation. Post-contestability policies are clearly marked as incontestable.
Solvency margin calculations, statutory fund management (S.63), actuarial investigation support, and reserve adequacy reporting as required by Part VI of the Insurance Act.
Platform enforces the Section 9 prohibition on composite insurance. Product configuration restricts your company to long-term classes only, preventing accidental regulatory breach.
Manage bonus declarations and surplus distribution for participating policies per Section 72. Track reversionary bonuses, terminal bonuses, and policyholder entitlements with full audit trails.
Treaty and facultative reinsurance management with mandatory cession tracking per Section 78. Automated bordereaux generation, claim recovery workflows, and reinsurer settlement reporting.
Quarterly and annual returns to the Pensions & Insurance Authority, auto-generated
Automated Insurance Premium Levy calculation and Zambia Revenue Authority reporting
Insurers Association of Zambia industry data submissions, pre-formatted
Insurance contract accounting under IFRS-17 with CSM, RA, and BEL calculations
Configure, price, and manage every long-term product class your company writes. From simple term life to complex unit-linked products, with full actuarial and regulatory support.
Core protection products with mortality table integration
Savings-linked products with maturity benefit management
Investment-linked and retirement products
Employer and lender schemes
Mass-market and family protection products
Legally compliant beneficiary administration
Pre-integrated with the service providers and networks that matter to long-term insurance operations in Zambia.
Integrated vendor network for claims verification and service coordination
Collect premiums where your policyholders are -- on their phones
Reach every policyholder through their preferred channel
Every operational function a long-term insurer needs, integrated into a single platform with complete audit trails and regulatory reporting.
Ontech Solutions is fully licensed, accredited, and built specifically for the Zambian insurance market
Zambia ICT Authority
Fully licensed by ZICTA as a telecommunications and ICT service provider. All SMS, USSD, and voice integrations operate within regulatory requirements.
ICT Association of Zambia
Registered member of ICTAZ, demonstrating professional excellence and adherence to industry best practices in software development and IT service delivery.
Data Protection Act Compliance
Registered Data Processor under the Zambia Data Protection Act. All policyholder, beneficiary, and claims data is handled with full legal compliance and privacy safeguards.
See how Ontech's platform handles the full lifecycle -- from underwriting and premium collection to claims settlement and PIA returns.
Built for CEOs, CTOs, and Operations Directors at Zambian long-term insurers who need compliance certainty and operational efficiency.
Email us at info@ontech.co.zm or call +260 979 669 350
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