Madison Financial Services Plc operates a close-knit and WELL DIVERSIFIED FINANCIAL SERVICES GROUP of companies, offering various products and services in the following businesses: -
General insurance through Madison General Insurance Company Zambia Limited (MGen) which is owned 100% by Madison Financial Services Plc (MFS) and MGen Tanzania Insurance Company Limited (MGen TZ) which is owned 65% by MFS;
Insurance offerings covering:
Motor vehicle – third party and comprehensive cover
Marine and transportation
Fire
Domestic contents
Office contents
Fire & LOP
Electronic equipment
Machinery Loss of profits
Deterioration of stock
All Other Engineering risks
Miscellaneous personal accidents
Bonds
Crop
Livestock
Life insurance through Madison Life Insurance Company Zambia Limited (MLife) which is owned 100% by MFS;
Insurance offerings and administration of schemes:
Group life covering death and disability
Credit life
Group funeral and individual funeral, including a diaspora funeral cover
Medical
Travel
Various individual life products such as endowment, school fees, baby present, whole-life and personal pension plans
Pension annuity
Pension schemes administration
Funeral scheme administration
Medical fund administration
Micro lending and deposit taking to individuals employed by corporate entities and to micro, small and medium sized enterprises through Madison Finance Company (MFinance) which is owned 50% by MFS;
Product offering
Working capital loans
Micro-group loans and asset finance
Housing finance
Agricultural finance
Invoice discounting
Personal loans supported by payroll deduction codes
Deposit taking
Asset management and stockbroking through Madison Asset Management Company Limited (MAMCo) a 100% subsidiary of MFS;
Product offering
collective investment schemes or unit trusts of various types including equity, money market and microfinance funds
tailored fund management services to corporates and individuals
stock-broking
wealth management and wills and trusts
investment banking including capital raising and agency services in the issuance of securities
Property development through Madison Capital Limited (MCL) and Hillview Estate Limited which are 100% subsidiaries of MAMCo.
Property development activity
Housing and commercial properties to lease
Housing and commercial properties for disposal
Land development for sale
Unitisation of properties to allow for fractional/collective ownership
