If you are searching for an old mutual life cover, you have come to the right place. Here, we will discuss the different types of policies available. Among the best are: Life cover, marine insurance, travel corporate, severe illness cover, and family life protection. Moreover, you will learn about the benefits of each of these policies. Old Mutual Limited is a pan-African investment, savings, and banking group. This company trades on the stock exchanges of Johannesburg, Zimbabwe, Namibia, and Botswana.
Family life protect
Old Mutual’s iWYZE Life Insurance plan protects your family from the financial implications of your death or terminal illness. It ensures your family’s financial stability even if you die unexpectedly, while also providing the necessary funds for debt, education, and lifestyle expenses. This insurance plan provides peace of mind to your family, as you don’t have to worry about the future. Just think of how much you would have to spend on your kids’ education if you had to leave home tomorrow.
You can purchase a life policy for your family members without a medical exam or a health history. You can purchase life insurance for your children or spouse when they are still young and insurable. While children do not have meaningful income, if they become dependent on you in the future, your coverage may provide for their expenses and burial expenses. But you must keep in mind that you can only purchase life insurance for your children up to the amount of your policy.
There are many benefits to owning an Old Mutual insurance policy, making it a smart choice for securing your family’s future. One key advantage is the lump sum payout in the event of your passing, which is completely tax-free. Additionally, you don’t have to worry about paying premiums every year, allowing you to save money while maintaining reliable coverage. With Old Mutual Life Cover premiums, you get flexible payment options that help you manage costs effectively. This plan is ideal for those looking to build a legacy, as it can cover outstanding debts, living expenses, and even education costs, ensuring financial stability for your loved ones.
Marine insurance
The first thing to remember is that not all marine insurance policies are the same. Some are franchised and others are cooperative. A franchise is a contract between a cooperative and an individual. The purpose of a franchise is to provide a service to the members of that cooperative, and not necessarily to sell insurance policies. The MAR form serves as the cover of a policy, and the Institute Clauses set out the terms and conditions of the insurance.
The traditional view of marine insurance was that it was an insurance of adventure. This is why insurers would have an ownership stake in a ship or its cargo. That is, in some cases, it was only natural to have this kind of policy. If your ship sank, the insurer would compensate you. Similarly, if someone steals your cargo, the insurer will cover your medical costs and replace any damaged cargo.
Travelsure corporate
If you’re planning a business trip, you should consider the benefits of Old Mutual’s Travelsure corporate insurance. It covers medical expenses for trips, trip cancellations, lost luggage, and more. Old Mutual’s Allsure insurance range covers your home structure and contents, as well as personal computers and vehicles. Old Mutual’s Motorsure is a stand-alone motor insurance policy that covers private and 4×4 vehicles. For your peace of mind, the company offers a Fast Track claims process, which can provide immediate authorization of claims. Travelsure is a comprehensive policy that covers medical costs and expenses while you’re on the road and even covers lost luggage and canceled flights.
Business travelers can enjoy peace of mind with Travelsure, a reliable insurance plan that covers unexpected expenses like delayed flights, lost luggage, and cancellation fees. Whether traveling within Namibia or abroad, you can choose a policy tailored to your needs at a competitive price. With flexible packages and affordable options, it’s easy to find coverage that fits your budget. Old Mutual sets life cover prices to provide value while ensuring financial protection for individuals and businesses alike. With over 100 years of experience, Old Mutual Insure continues to support the economy and communities, providing trusted insurance solutions for all.
Old Mutual is breaking up its business into four separate entities by the end of the year. It plans to sell its life insurance business in China and focus on the rest of its business. The Chinese government’s ownership restrictions have weighed heavily on foreign firms in the country. However, if the bids don’t meet expectations, Old Mutual may simply end the process. If it doesn’t, the company could try another strategy to sell its life insurance business.
Severe illness cover
Buying severe illness cover comes with many benefits, providing financial security while you focus on recovery. It ensures that you can get the necessary treatment at top healthcare institutions without the stress of medical expenses. This coverage helps you avoid unnecessary hospital bills and gives you peace of mind during challenging times. Old Mutual Life Cover claims make it easier to access financial support when you need it most. Old Mutual offers two types of severe illness cover, including the GREENLIGHT Severe Illness Cover, which provides flexibility, multiple claims, and protection against up to 84 different illnesses, ensuring comprehensive coverage for policyholders.
This plan covers 68 severe illnesses at 100%, 16 mild illnesses at 30%, and nine early illnesses at 15%. In addition, you can include your children in your policy. The amount of cover varies from R100 000 to R6 million. Lifesure also offers a Lifestyle enhancer benefit, which will boost the amount of coverage by 200% if a covered illness hurts your lifestyle. Those who are HIV-positive can make this claim with this plan.
Old Mutual’s Illness insurance plan pays a single tax-free lump sum to you in the event of a serious illness. In addition to paying your medical bills, this plan pays out for your rehabilitation expenses, home modifications, and travel costs. It can also cover day-to-day expenses while you recover. Old Mutual’s Illness insurance also includes a For Women Benefit and a Returning Illness Benefit.
A critical illness can strike at any time, and having the right coverage can make all the difference. With Old Mutual life cover policy, you receive a lump sum payout upon diagnosis, helping to ease financial stress during challenging times. This is especially beneficial for those battling serious conditions like cancer, where financial stability plays a crucial role in recovery. Old Mutual’s Critical Illness Cover is also an excellent option for corporates, providing financial support in case of illness. Additionally, it helps cover non-medical aid treatment costs, ensuring you get the care you need without added financial strain. Whether for individuals or corporations, this policy offers flexible protection tailored to your needs.
Funeral cover
Many people are unaware that their Old Mutual life funeral cover policy has some advantages. This cover is specifically designed to provide financial assistance to the family in paying for funeral costs. The company offers several plans to meet varying needs, including those of individual policyholders and their families. The company is part of Old Mutual Limited, a premium African financial services group. In addition to funeral cover, the company also offers savings plans for those who cannot afford the funeral service of a loved one.
Some people buy funeral cover because they want the peace of mind that comes with knowing their loved ones will be financially secure. While big-brand funeral insurance companies attract some people, smaller companies may offer better quality coverage. Funeral cover premiums can change quickly, so stay aware and ensure your policy protects you. Old Mutual offers funeral cover without medical tests or health questions. The company offers flexible policies that can be tailored to suit your specific needs.
Unlike most policies, Old Mutual offers a unique cash-back benefit if you pay your premiums on time. Their life funeral cover is available for individuals and families, ensuring financial security during difficult times. If you’re married, you can keep coverage for your spouse through separate policies that Old Mutual underwrites. They also provide tailored policies for single parents, making it easier for families to plan funeral arrangements. Additionally, Old Mutual life cover for parents is an excellent option, offering comprehensive protection to safeguard your loved ones’ future while easing the burden of funeral expenses.
Regardless of your age, you can find a funeral plan that suits your needs and budget. The main benefit of funeral insurance is that it provides financial support to cover burial costs, ensuring a dignified farewell for your loved ones. However, many other advantages to funeral cover can help you avoid financial hardship. If you’re considering this insurance, explore your options carefully. With Old Mutual life cover benefits, you not only get peace of mind but also access to valuable features like cash-back rewards and flexible coverage options to protect your family’s future.
