Pinnacle Life Insurance is a wholly owned Ghanaian Life Insurance Company that offers market driven products and services. With its strong antecedent brand, Donewell Life Insurance, Pinnacle Life is highly capitalized and is impacting the life of many Ghanaians through inclusive insurance.

On 3rd November 1988, Donewell Insurance Company was incorporated under Ghana’s Company Code 1963 (Act 179). The Company was granted a license to operate as a composite company by the National Insurance Commission (NIC) on 26th February 1993 in accordance with PNDC law 227 and commenced business on 1st March 1993 selling both life and non-life products within the Ghanaian market.

In compliance with the provisions of the new Insurance Act 2006 (Act 724) that required composite insurance companies to separate their life from the non-life businesses, Donewell Insurance Company established Donewell Life Company now Pinnacle Life Insurance Company Limited as a limited liability company under the Company’s Code, 1963 (Act 179) in September 2007 to underwrite life insurance business only.

Effective January 2008, the Life Division of Donewell Insurance Company started operating as fully-fledged life assurance company under the name Donewell Life Company.

However, in 2016, the National Insurance Commission introduced new regulatory capitalization requirements which made Donewell Insurance Company Limited to cede its total shares in Donewell Life to Pinnacle Equity Investments Limited (A privately owned equity firm) in November 2016. Donewell Life Company was formally rebranded to Pinnacle Life Insurance Company Limited in November 2024.

Pinnacle Life currently has a network of 12 fully operational branches and hundreds of Agents spread across Ghana.