Dis-Chem has announced plans to launch its insurance arm Dis-Chem Life in early 2025. The move follows its R155.9 million acquisition of private life insurer OneSpark, known for providing life insurance and funeral cover. This partnership aligns with Dis-Chem’s goal of broadening access to affordable healthcare, leveraging OneSpark’s proprietary technology to offer innovative insurance solutions under its new brand. The company will compete with leading insurers such as Discovery, Old Mutual, OUTsurance and Momentum, which have reported robust performance but anticipate volatility due to the Health Insurance Bill and the two-pot retirement system.
