Zimbabwe

IPEC's notice of 5 May 2026 cancelled the registration of Heritage Life Limited as a life assurance company for breaches of its registration terms: minimum capital, asset quality, corporate governance requirements, and submission of audited financial statements and actuarial valuation reports. Policyholders and members of the Heritage Life Group Umbrella Fund were directed to lodge their details with IPEC offices.

The Registrar of Microfinance Institutions cancelled the institution's registration as a deposit-taking microfinance institution, stating that it had not met the US$5 million minimum capital, corporate governance and risk management, senior management vetting, premises inspection and start-of-business requirements, and considered continued registration undesirable. The public was advised not to deal with it.