What is Life insurance?
Choosing the right cover doesn’t have to be daunting. With the help of your adviser, you just need to follow these three quick and easy steps.
Take a look at the different types of cover available and the various ways to tailor your cover to meet your unique needs.
Old Mutual Protect Life Cover
Old Mutual Protect Life Income Cover
Old Mutual Protect Last Survivor Cover
Old Mutual Protect Accidental Death Cover
Cover amount
From N$100 000 and limited to what you qualify for
From N$3 000 and limited to what you qualify for
From N$100 000 and limited to what you qualify for
From N$100 000 to N$2 million
Type of pay-out
Single payment
Monthly payment
Single payment
Single payment
Cover amount is paid if the insured person is diagnosed with a terminal illness and have less than 12 months to live
Decide if and how you want your cover and premium to increase
Add on disability insurance, illness insurance or both
Add on Premium Protection to ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies.
Get limited cover without going for medical tests
Add on Cashback - get a percentage of your premiums paid every five years on the cashback anniversary
Old Mutual Protect Life Cover
Benefits
Old Mutual Protect Life Income Cover
Benefits
Old Mutual Protect Last Survivor Cover
Benefits
Old Mutual Protect Accidental Death Cover
Benefits
Cover amount
From N$100 000 and limited to what you qualify for
Type of pay-out
Single payment
Cover amount is paid if the insured person is diagnosed with a terminal illness and have less than 12 months to live
Decide if and how you want your cover and premium to increase
Add on disability insurance, illness insurance or both
Add on Premium Protection to ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies.
Get limited cover without going for medical tests
Add on Cashback - get a percentage of your premiums paid every five years on the cashback anniversary
Cover amount
From N$3 000 and limited to what you qualify for
Type of pay-out
Monthly payment
Cover amount is paid if the insured person is diagnosed with a terminal illness and have less than 12 months to live
Decide if and how you want your cover and premium to increase
Add on disability insurance, illness insurance or both
Add on Premium Protection to ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies.
Get limited cover without going for medical tests
Add on Cashback - get a percentage of your premiums paid every five years on the cashback anniversary
Cover amount
From N$100 000 and limited to what you qualify for
Type of pay-out
Single payment
Cover amount is paid if the insured person is diagnosed with a terminal illness and have less than 12 months to live
Decide if and how you want your cover and premium to increase
Add on disability insurance, illness insurance or both
Add on Premium Protection to ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies.
Get limited cover without going for medical tests
Add on Cashback - get a percentage of your premiums paid every five years on the cashback anniversary
Cover amount
From N$100 000 to N$2 million
Type of pay-out
Single payment
Cover amount is paid if the insured person is diagnosed with a terminal illness and have less than 12 months to live
Decide if and how you want your cover and premium to increase
Add on disability insurance, illness insurance or both
Add on Premium Protection to ensure that premiums are no longer payable and cover continues if the premium payer becomes disabled, impaired, is retrenched or dies.
Get limited cover without going for medical tests
Add on Cashback - get a percentage of your premiums paid every five years on the cashback anniversary
- Old Mutual Protect Life Cover pays a single amount starting from N$100 000 or a monthly payment from N$3 000 when you die.
- Old Mutual Protect Life Income Cover pays a monthly tax-free amount during the term you've chosen when the insured person dies.
- Old Mutual Protect Last Survivor Cover pays a single tax-free amount when the last of the two insured people die or is diagnosed with a terminal illness and has less than 12 months to live.
- Old Mutual Protect Accidental Death Cover pays a single tax-free amount if you die because of an accident.
- Your choice of add-ons with these options are Cashback or Premium Protection.
- If you stop paying premiums your cover stops. It's important to get in touch with your adviser before this happens so that he or she can assist you with possible solutions.
- As this product is not an investment, you will not receive your premiums back if you cancel it.
Yes, you do. Your premium may be more affordable if you add these products to your Old Mutual Protect Life Cover rather than buying them separately. It is important to note that any claims we pay on the added cover will reduce the cover amount on your Old Mutual Protect Life Cover. Buying this cover separately and claiming from it will not reduce the cover amount on your Old Mutual Protect Life Cover but you'll pay a separate premium for both products.
Our life insurance products are available from your financial adviser or broker. Unlike off-the-shelf products, our products are designed around what you personally need and what you can afford. Your adviser or broker can help you build your customised cover. If you don't have an adviser or broker please call us on 061 299 3003 or SMS 66522.
Depending on the amount of cover you want, we’ll ask you questions about your health and lifestyle. For cover of R3 million and above or R10 000 or more monthly, we’ll ask you questions about your health and lifestyle and request medical tests and medical reports.
*Old Mutual reserves the right to request medical tests and reports if necessary.
Cashback pays back a percentage of your premiums every five years on the cashback anniversary.
This benefit ensures that cover continues if the premium payer becomes disabled, impaired, is retrenched or dies.
Accidental death is death resulting from an accident such as a car accident or drowning. Non-accidental death is death by natural causes such as illness or old age.
You're covered up to 30 days before your first premium is payable.
These documents contain all the rules and disclosures related to the products and the benefits available on each. They are provided to you so that you can read all the information to make an informed decision about the products and whether you should apply for them or want to see all the information before you finalise your application. This is an indication of the contract you will receive if we accept your application but that contract will only include the benefits and options you have selected and we have accepted.
To download, click on the product name of the rules and disclosures you wish to see.
LIFE COVER
Pays a single amount when you die or are diagnosed with a terminal illness.
LIFE INCOME COVER
Pays a monthly amount for a specific term when you die.
LAST SURVIVOR COVER
Pays a single amount when the last of the two insured people dies or is diagnosed with a terminal illness.
ACCIDENTAL DEATH COVER
Pays a single amount if you die because of an accident.