Life Insurance
Family Life Protect
Minimum age of entry is (18 years) and maximum is 68 years.
- Relieves your loved ones from the financial burden upon bereavement
- Provides an emergency fund to meet expenses
- We will cover the loss of two limbs, both hands, total paralysis, loss of both eyes, or permanently bed-ridden attracts full payment of the sum assured
- We offer a permanent disability benefit: Loss of one limb, one hand, partial paralysis, loss of one eye attract a half payout of the sum assured.
The minimum age of entry is 18 and maximum age is 68 (i.e. customers who turned 69 years of age cannot sign-up). The cover ceases at 70 years of age.
- Register with a Old Mutual Life Assurance Insurance advisor and dial *185# on your mobile phone to pay,
- Receive a confirmation message from Old Mutual Life Assurance,
- When your cover expires, you may renew it by calling 0414 332870.
Minimum Sum assured 20,000,000 UGX.
- Entry Age (Min. 18 years Max. 65 years).
- Waiting period of 2 months will apply on the policy following a reinstater after a lapse,
- Sum assured, minimum & maximum is 20 million and 3 billion respectively.
- Scope cover. (death, Permanent disability, illness).
- Cash out at any point in time. (T’s & C’s apply).
- In the event of death, Presidential pays 100% of the sum assured plus accrued bonuses and the accumulated fund value.
- Investment contributions earn a discretionary 10% annual compound interest payable monthly.
- Critical illness, prudential pays 30% of the sum assured up to a maximum of 300 million. 100% of the accumulated fund if any will be paid to 28 policyholders, remaining risk premium will be waived for the remaining payment term. Death benefits are still paid when due.
- Withdrawals of 100% of the accumulated fund value plus any declared interest every 3 yrs during the premium paying term..
- Permanent / Total Disability. 100% of the sum assured up to a max. of 300 million is payable if the insured becomes impaired. 100% of the accumulated fund if only will be paid to the policy holder.
- On Survival to the end of the policy term, the policy shall be subject to refund of 69% of the total grass premiums policy
Individuals / Joint Accounts
- Copy of identification document (Preferably National ID)
- One colour passport-size photo
- Copy of recent bank statement (Last 3 months or cancelled cheque)
- Proof of residence if there is no National ID (Copy of utility bill or LC letter or residence verification letter)
Corporate / Investment Clubs / Saccos / NGOs / Religious Bodies and Others.
- Copy of Certificate of Incorporation
- Copies of signatory’s identification documents
- One colour passport-sized photo of each of the signatories
- Copy of recent bank statement not more than 3 months or cancelled cheque
- Resolution to carry out the investment on company letterhead
Assume party with a savings (investment) component
- Waiting of 2 months will apply on the policy following a reinstatement after a lapse.
- Sum assured 20m and 3 Billion.
- Scope cover.(Death, Permanent/Total Disability & critical illness
- Cash at any time (T’s and C’s) apply.
- 100% payment incase of death.
- Risk Sum assured earns a discretionary bonus (3.0%)
- Investment contributions earn a discretionary of 100% annual compound interest.
- Client qualifies to withdraw 100% of the accumulated fund value plus any declared interest every 3 years during the premium
- Cover scope (cover is for the whale of life for policy holder)
- Seve terms. (flexible payment periods / terms to age 6055).
- Min of 20% of the total premuan is allocated to the risk. This can be increased up to a max of 120%. 80% to the investment portion of the premium can be varied between 0% to a max of 80%.
- Entry age min. 18 yrs, Max 65yrs