Old Mutual offers Free Funeral Cover this Festive Season

Old Mutual offers Free Funeral Cover this Festive Season

Insurance24

HARARE, Old Mutual Zimbabwe is offering free Funeral cover this Festive Season in a promotion running until 31 January 2018 for which the Funeral Plan has immediate cover for accidental death and three month waiting period for natural deaths.

Terms of the plan are that individuals or Groups that take up the Old Mutual Funeral Plan between 1 December 2017 and 31 January 2018 will be exempted from paying premiums for these respective months.

Clients will only start paying premiums from February 2018 that is in accordance with the terms and conditions of the Old Mutual Funeral Plan.

According to the insurance giant, the Funeral Plan has immediate cover for accidental death and three month waiting period for natural deaths.

Usually the festive season is characterized by many fatal accidents in Zimbabwe.  Old Mutual has had several investments in the various sectors of the economy as part of diversification as a financial services group.

Insurance however continues to anchor the Group and during the half year period ended 30 June 2017; Gross Premium Written for the group’s insurance business was 2% lower at $100.8 mln, with non-life sales increasing 3% to $153.5 mln. Life Sales at $10.4mln were 5% below prior year.