The Zambian social security system is based on the social insurance model and provides protection against income loss due to retirement, disability and death. All employed individuals in the formal sector are required to contribute to statutory pension scheme. Individuals not covered by the scheme can contribute voluntarily. The combined asset size of the statutory pension scheme was estimated to be ZMW6.0 billion (US$1.0 billion) in 2012, while the voluntary pension’s combined asset-size was ZMW3.2 billion (US$549.0 million). However, the insurance industry’s growth was recently affected by bottlenecks such as its legal framework, fiscal regime and investment climate, which are expected to be addressed by the Pensions and Insurance Authority in 2015. To get Details: http://www.reportscue.com/employee-benefits-in-zambia-market

1. Employee Benefits in Zambia
Market Research Report
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2. Synopsis:
The report provides in-depth industry analysis, information and insights into employee
benefits in Zambia, including:
• An overview of state and compulsory benefits in Zambia
• Detailed information about private benefits in Zambia
• Insights into various central institutions responsible for the administration of the different
branches of social security
• The regulatory framework for Zambian employee benefits

3. Report Overview:
The Zambian social security system is based on the social insurance model and provides
protection against income loss due to retirement, disability and death. All employed
individuals in the formal sector are required to contribute to statutory pension scheme.
Individuals not covered by the scheme can contribute voluntarily.
The combined asset size of the statutory pension scheme was estimated to be ZMW6.0
billion (US$1.0 billion) in 2012, while the voluntary pension’s combined asset-size was
ZMW3.2 billion (US$549.0 million). However, the insurance industry’s growth was recently
affected by bottlenecks such as its legal framework, fiscal regime and investment climate,
which are expected to be addressed by the Pensions and Insurance Authority in 2015.

4. Scope :
This report provides a detailed analysis of employee benefits in Zambia:
• It offers a detailed analysis of the key government-sponsored employee benefits, along
with private benefits
• It covers an exhaustive list of employee benefits, including retirement benefits, death-in-
service benefits, long-term disability benefits, short-term sickness, medical benefits,
workmen’s compensation, maternity and paternity benefits, and annual vacations
• It highlights the economic situations relating to employee benefits in Zambia

5. Key Highlights :
• The Zambian social security system is based on the social insurance model and provides
protection against income loss due to retirement, disability and death.
• All employed individuals in the formal sector are required to contribute to statutory pension
scheme.
• Retirement benefits, death benefits, disability benefits, short-term sickness benefits,
maternity benefits and workmen’s compensation benefits form a part of state and
compulsory benefits in Zambia.
• Incentive pay, travel insurance, transport, relocation benefits, life insurance benefits and
group accidental benefits are examples of private benefits.

6. Table of Contents:
1 Executive Summary
2 Introduction
3 Country Statistics
4 Overview of Employee Benefits in Zambia
5 State and Compulsory Benefits
6 Private Benefits
7 Macroeconomic Indicators
8 Appendix

7. Reason To Buy :
• Make strategic decisions using in-depth information related to employee benefits in Zambia
• Assess the Zambia’s employee benefits market, including state and compulsory benefits
and private benefits
• Gain insights into the key employee benefit schemes offered by private employers in
Zambia
• Gain insights into key organizations governing Zambia’s employee benefits, and their
impact on companies
To Get Details: http://www.reportscue.com/employee-benefits-in-zambia-market