What is the Old Mutual Life Plan?
- You decide on what you can afford to pay every month
- Your monthly premium buys a benefit amount which, in the event of your disability or death, will be paid out to you or your beneficiaries
- Use the disability payout to adapt your home according to your needs
- Can't pay a premium? Premium Holiday benefit allows you to miss up to 6 premiums as long as you let us know beforehand
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We have three types of cover depending on your individual needs.
Pure Life Plan
To provide your family with money on your death to help them cope financially.
Life & Disability
Plan
To help you financially should you become disabled OR to provide your family with money on your death.
Accidental Death &
Disability Plan
To help you financially should you become disabled due to an accident OR to provide your family with money on your accidental death.
Minimum Monthly Premium
N$80
N$80
N$60
Cover Payout Range
N$150 000
N$150 000
N$150 000
Cash back benefit
Premium Holiday
Start again benefit
Pure Life Plan
To provide your family with money on your death to help them cope financially.
Benefits
Life & Disability
Plan
To help you financially should you become disabled OR to provide your family with money on your death.
Benefits
Accidental Death &
Disability Plan
To help you financially should you become disabled due to an accident OR to provide your family with money on your accidental death.
Benefits
Minimum Monthly Premium
N$80
Cover Payout Range
N$150 000
Cash back benefit
Premium Holiday
Start again benefit
Minimum Monthly Premium
N$80
Cover Payout Range
N$150 000
Cash back benefit
Premium Holiday
Start again benefit
Minimum Monthly Premium
N$60
Cover Payout Range
N$150 000
Cash back benefit
Premium Holiday
Start again benefit
You will get the equivalent of 5 monthly premiums after 60 premiums have been received.
You can miss up to 6 premiums during the life of the plan and still be covered. Please do let us know if you are planning to make use of this before the premium is missed.
If your policy is cancelled, it may be restarted under certain conditions. These conditions will be listed in your policy document.
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