Term and Platinum Life Plan

Features

  • It is convenient, flexible and affordable.
  • It pays out cash benefits ranging from ZWL$600 000 to ZWL$50 000 000.
  • 100% accidental cover available immediately.
  • Renewal option on both Term and Platinum
Term Life Plan Platinum Life Plan
No medicals (Untested):
Minimum: $600 000.00
Maximum: $4,499,999.00

Medicals required (Tested):
Minimum $4,500 000.00
Maximum $50,000,000.00

Details

Life Assured
Life assured can be the same or different from the policy holder.

Age Entry
Minimum: 18 years last birthday
Maximum: 70 years last birthday

Premium payment

Is paid in advance on selected premium frequency:

  • Monthly
  • Quarterly
  • Half yearly
  • Annual

Medical underwriting

For the cover up to $4,499,999:
10 medical underwriting questions
3 months waiting period (subject to claim underwriting)

For cover above $4,500,00.00
10 medical underwriting questions
The policy holder undergoes medical tests

Policy termination Rules

The Life Plan will terminate:

  • On the death of the Life Assured
  • If the premium payment rules are violated
  • On the Policyholder’s request for cancellation. OM can also cancel contract.
  • On expiry of the term of the policy.

Claims underwriting

A certificate of a medical attendant report from the client’s medical doctor will be requested for death within constable period of 3 years. This will seek to ensure that:

  • The claim is valid
  • The waiting period had passed, for Untested business
  • There was no case of non-disclosure of an illness that led to death of life assured

Claimant must produce:

  • Original copy of contract
  • Claim form
  • Original death certificate
  • Police report if accident death
  • Claimant’s ID

Terms and Conditions

Offering is subject to full terms and conditions which are in the policy documents

Underwritten by Old Mutual, 100 The Chase, Emerald Hill, Harare