The Old Mutual Savings Plan is a simple and flexible plan offering two savings options with a single monthly premium. Each plan offers the following options:
What's so great about this Savings Plan? You know that saving is important but there are also emergencies and other surprise expenses that we need to attend to. This Savings Plan helps you save for your longer term goal while giving you access to money should you need it. It's the best of both worlds!
Other benefits include: monthly interest earned on the money in your Short-Term Pocket and access to your money after your first contribution is received.
Your Long-Term Pocket also allows a part withdrawal option but these are subject to charges. Remember, you want this money to grow for your long term goal.
You can choose to save between N5 000 and N100 000 per month with your premium automatically split between the two pockets.
The 5-year Future Premium Benefit is an amount that, together with the value of the long and short term pockets, Old Mutual pays to your nominated beneficiaries or estate. This is paid if you, as the policyholder, die within 5 years from when the plan starts.
*Net premiums are the amount that you will receive after any deductions have been made.
Contact your Old Mutual adviser or call our Customer Service Centre on +234 (1) 271 9393.