Old Mutual Life Insurance has a trusted reputation among South Africans. After more than 175 years in the business, what exactly makes our offering so unique?
This post was published on 26 Mar, 2019

Old Mutual has been trusted to safeguard the financial futures of South Africans for more than 175 years. With over 6 million policyholders, the Old Mutual brand has become synonymous with affordability, reliability and value for money.

From humble beginnings as South Africa’s first mutual life insurance company in 1845, we now offer employment to more than 28 000 people in 17 countries across Africa, Asia and Latin America. Firmly rooted in Africa and its people – yet with global expertise and best-practice.

Old Mutual Life Insurance at a glance

You work hard to create a comfortable life for those you love. With up to R3 million in cover, an Old Mutual Life Insurance policy protects and builds your legacy by securing their financial stability once you are no longer there to do it yourself.

The truth is that life continues for those left behind. Losing a loved one is one of the most traumatic experiences they’ll ever have to endure, and the last things they should be concerned about are the realities of outstanding debts, living expenses and education.


As an Old Mutual policyholder, you’re never alone

At Old Mutual we believe in the power of collaboration. We’ll work with you to select the right cover for you and yours, ranging between R500 000 and R3 million. In the event of your death, permanent disability or terminal illness, this money is paid out as a lump sum. It’s tax-free and can be used in whichever way your nominated beneficiaries sees fit.

The Old Mutual difference

  • Affordable premiums balanced with great cover.
  • Choose cover between R500 000 and R3 million.
  • Free HIV testing nationwide – choose between a rapid HIV test, which is done by a simple finger prick or a standard HIV blood test.
  • No extensive physical medical examinations.
  • Load as many beneficiaries as you want.
  • No premium increases for the first 23 months of the policy, thereafter a 5% annual increase will apply.


Life is for living, which is why we make it easy to take care of what’s important

  • Getting a quote takes less than 1 minute.
  • The entire process to having your completed policy document emailed to you takes less than 12 minutes.
  • Our application process is online, paperless, intuitive and happens in real-time.
  • You can apply via mobile phone or web.
  • No extensive medicals are required.
  • Load as many beneficiaries as you want.
  • Approved claims are paid out in 48 hours.


Additional benefits that make a real difference

  • Terminal Illness Cover. A lump sum payment when you’re diagnosed with a terminal illness with a life expectancy of less than 12 months.
  • Accelerated Funeral Benefit. This provides immediate financial relief in the event of your death. Having this money available for funeral arrangements or living expenses during a period of grief and uncertainty could be invaluable.
  • Guaranteed Assurability. Life changes – and when it does, your cover needs to be flexible. With this built-in benefit, you can increase your cover with 25% when life changing events such as buying a new house or having a child happens.
_________________________

Choose the affordable life insurance option that builds both your legacy and protects the future of those you love. Get an instant online quote today and see for yourself why we’re trusted by more than six million South Africans.

Terms and conditions apply. Please note that the content displayed on this site is for information purposes only and does not replace our policies’ terms and conditions. The policy wording supersedes any marketing material. Any claim will be considered against the terms and conditions that apply at the time of claim and as set out in out customers’ policy documentation.