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Notice of Annual General Meeting


                                                          Notice of Annual General Meeting
Notice is hereby given that the 38th Annual General Meeting of the Shareholders will be held in the Fidelity Life Assurance Boardroom, 7th Floor Fidelity House, 66 Julius Nyerere Way, Harare on Friday the 23rd of June 2017, at 1200 hours for the purpose of transacting the following business:
Ordinary Business
1.To receive and adopt the financial statements and report of the Directors and Auditors for the financial year ended 31 December 2016.
2.To elect Directors in terms of Articles 77 and 78 of the Articles of Association of the Company:
a)Dr Gregory Mataka and Mrs. Rosemary Mazula retire by rotation and do not seek re-election.
3.To approve the remuneration of the Auditors for the past audit.
4.To approve the remuneration of the Directors for the year ended 31 December 2016.
5.To ratify the appointment of Ernst and Young as the company’s auditors for the year ended 31 December 2016 and to appoint them as auditors for the year ending 31 December 2017.
6.To transact any other business that may be transacted at an Annual General Meeting.
A member entitled to attend and vote at the meeting may appoint any person to attend to vote on his or her behalf. A proxy need not be a member of the Company. Proxy forms can be obtained at the Registered Office of the Company and must be lodged with the Company Secretary not less than 48 hours before the meeting.

Registered Office
7th Floor, Fidelity House
66 Julius Nyerere Way

By Order of the Board


29 MAY 2017


FIDELITY Life Medical Aid Society (FLIMAS) was established 45 years ago as a closed society and opened to the public in 2002 in a move to provide solutions to clients’ needs in managing health care provisions. Flimas is a committed and responsible player in the health insurance sector and offers excellent, highly personalised services to clients and delivers value for money.

Flimas’ packages have superior benefits, no shortfalls, no co-payments, are affordable and are accepted nationwide. The Society has also introduced unique packages and schemes that are tailor-made to tackle the prevailing economic challenges.

The packages are designed to ensure equity by providing relevant benefits that commensurate with one’s earnings. The “one size fits all concept” in the provision of private hospital medical aid has been eliminated by ensuring that different packages allow private hospital treatment at institutions closest to the members’ residents at subscriptions that are reflective of the respective institutions’ charges. This has been welcomed by both employers and employees as all employees can now get some form of private hospital cover at affordable rates.

To compliment the “relevant packages” Flimas has introduced new medical aid schemes which include the Flimas Elite, Flimas Health partner and the Self managed schemes which further assist members and corporate bodies in maintaining free will and managing cash flows in these times when recapitalization and renovation prevails.

Flimas Health Partner members are obliged to use service providers that are on the medical aid’s expanding provider network or any service provider whose charges are within the Society’s Network tariffs. The Society will pay 100% of the costs from the provider networks or up to the tariff should the member seek treatment from service providers outside the network. In all cases, the maximum is the amount stated in the benefit limits.

On the other Hand, the Flimas Elite members have a choice to use any provider and the Society will pay up to 100% of the fees charged up to the benefit limits. In this instance, there are no restrictions and members are not guided by the Society’s tariffs but by the Provider Association tariffs.

The Managed Healthcare Scheme – This package is designed to cater for those organizations that prefer to administer their funds and retain ownership of such funds. It allows organization to pay their claims as they go as opposed to paying subscriptions that they have no access to.  This new scheme allows enormous flexibility and control of funds at the same time ensuring the much needed health care is provided to employees and their loved ones. Other than the medical bills and pharmaceutical bills the scheme also allows for usage on shortfalls which accrue when one is admitted in hospital for procedures that exceed stated benefits. In all cases, the fund owners have the final say and much needed free will.


There has been a trend in the developing countries for members to join health savings schemes or medical savings accounts plans. These schemes are segregated schemes that apply to the individual account holder. For members who are healthy, the schemes allow members to enjoy medical cover at the same time accumulating funds yearly for use during times of ill health. Funds are credited into the member’s account monthly and the member retains ownership of such funds. Members utilize their account balance for selected procedures and drugs purchases


Fidelity Life Assurance Editorial for Standard Supplement

Fidelity Life Assurance has been in the insurance industry for several decades. We have been the pioneers in a number of insurance products and we can proudly state that we still are a strong key player in this industry. The hyper-inflationary economic turmoil that Zimbabwe went through was a challenge for all insurance players and it resulted in a number of insurers falling off the wayside as it was a challenge to keep up with the turbulent environment. However, we at Fidelity Life Assurance have come up with innovative ways to resuscitate the contracts and come up with more relevant products.

Way forward on old policies

Even when dollarisation came, the challenges did not end. We at Fidelity were disappointed when we saw the true value of policies coming down drastically. But we did not end there! We are encouraging all Fidelity Life Assurance policy holders to pay a minimum of $5 and this will purchase them a minimum sum assured of $1000. Therefore, Fidelity Life Assurance has opened a window where you pay $5, and your immediate payout value at maturity is $1000. So for just $5, you or your beneficiaries get $1000! So call Fidelity today and find out about your policy.

New product Offering

Educational Policies-Over and above this, Fidelity Life Assurance has a wide array of products on offer, which include “Little Genius Educational Policy”. Gone are the days of free education and free University education. You have to plan for your child’s education and Fidelity realizes that education is the best and most valuable inheritance you can ever leave as a legacy to your child. Therefore this investment for your child has to start today! Fidelity Life Assurance makes it easy for you, so you do not have financial strain when the time dawns on you.

World Soccer Plan- To all our soccer fanatics, Fidelity Life presents yet another opportunity for you to watch the most prestigious games World Soccer Plan 2014.   If you start planning for it now,   then  in  five (5) years time you and your friends can be staying in a 5 star hotel, watching face-to-face the world champions compete for the World’s Best Soccer Trophy!

Key man Plan- Our latest brand of the KEYMAN plan that focuses on employers to get compensate for the loss of trading income that may result from the loss of the service of the key employee in case of death, sickness or injury. More details can be made available to the corporate representatives by contacting our offices.


Fidelity Life Assurance has started deducting premiums on your policies based on the contracts that are lodged with us. All policies have been converted to US dollars effective 1 April 2009. This value will be the new take on value should you decide to continue with your policy.

All reactivated policies will have a minimum take on value of $10.00 which has been paid in by Fidelity Life Assurance read more…

Fidelity Funeral Supplement Editorial


Fidelity Funeral was founded in July 2007. Since inception it has been providing funeral services as well as funeral assurance. As a subsidiary of Fidelity Life, Fidelity Funeral Services has experts in insurance, and is able to offer clients holistic funeral assurance.

Fidelity Funeral’s service is impeccable. According to Priscilla Mawere, “the service offered on one of the funerals in their family, was splendid. The service was professional and very well handled”.  Samuel Katsenga also confirmed that the undertakers at Fidelity Funeral are mature, profession and offer an excellent service.This is living proof of the dignified, respectable and reliable service Fidelity has to offer. read more…

Fidelity Funeral Assurance Offers Interest-Free Loans for Funerals


We at Fidelity Funeral understand that death can take place at any time, and at any place, and as such we are always ready to assist you. Fidelity Funeral is offering loans to those who want to offer their loved ones a dignified and respectable burial, but are facing financial challenges.

Situated at 147 Harare Street, Fidelity Funeral is open 24hrs 365days of the year. We are consistently and reliably available to all clients – be it new walk-in clients or our existing assurance clients. Our services start right at the point of death, as we offer house and hospital removals. read more…