Old Mutual Kenya

Choose how much you want to invest – from Kshs 7,000 up to Kshs 100,000 per month.
Decide for how long you wish to invest: A minimum of ten (10) years up to a maximum of twenty (20) years.
Your premiums will enjoy tax relief up to the maximum permissible by law.
Old Mutual will allow you a choice of funds to invest in. These are the Fixed Income Fund and the Stable Fund depending on your risk appetite.
Lock in period: This is five (5) years before you can access your funds. After the lock in period you may terminate your policy by cashing in the benefits you are entitled to.
No need for medical examination.

PRODUCT BENEFITS

Investment Benefits

Paid up benefit: If you stop paying your premium within the five (5) year period your withdrawal value will be a percentage of your Accumulated Unit Fund. (Please refer to the Paid-up values table below)

Your maturity benefit will be 100% of your Accumulated Unit Fund at the end of the selected policy term.

PAID UP TABLE

Months	Description	% of accumulated unit fund
0-6	Less than 6 months worth of premium has been received	0%
7-12	Less than 12 months worth of premium has been received	70%
13-48	Less than 48 months worth of premium has been received	85%
49+	At least 49 months worth of premium has been received	100%

Disclaimer
The information contained in this brochure is for general information and does not constitute an offer made by Old Mutual. Please refer to policy document for the terms and conditions of any contract

Life Cover

Accidental Death Benefit

Benefit will be ten times (x10) your contractual monthly contribution.
100% accidental cover available from inception of the policy.

Non-Accidental Death Benefit

Benefit will be ten times (x10) your contractual monthly contribution.
100% cover available after a 3 year waiting period, 0% cover before 3 years have elapsed.

Registration Requirements and procedures

Fill out a proposal form with the help of an Old Mutual Advisor.
Return pages 5, 6, 7 and a copy of your ID and PIN certificate to Old Mutual Building, corner of Mara/Hospital roads, P.O. Box 30059-00100 G.P.O., Nairobi, Kenya.
Pay your first premium installment using any of our easy payment options. If using M-Pesa ensure proof of payment by inserting M-Pesa payment confirmation number.
You will receive your contract document immediately.
There is a cool off period of thirty (30) days from the day you are issued with the policy contract within which either party can terminate the contract and premiums refunded.
A separate financial questionnaire will need to be completed with the help of a financial advisor for premium contributions of Kshs 20,000 per month and above.

Payment Options

Premiums may be paid monthly, quarterly, semi-annually or annually.
Your first and subsequent Premiums are payable through the following options:

M-Pesa : Business Number – 600501
Zap: Business Number – 0731100116
PostaPay
Cheque
Check-off
Direct Debit/Standing order

No cash payments will be accepted.
Please ensure you quote your policy number with each payment.

Steps to top up your MAX Investment Plan using M-Pesa

Select ‘Pay Bill’ from M-Pesa menu.
Enter business number: 600501.
Enter your account number i.e. your MAX Investment Plan Policy Number.
Enter the amount of money you are sending i.e. your premium, and your PIN number and confirm your details.
Wait for your transaction confirmation from Safaricom.

Old Mutual Bank Details

Account Name:     Old Mutual Life Assurance Co. Ltd
Bank Name:            Standard Chartered Bank of Kenya
Branch Name:         Koinange Street
Account Number:    0102072658600

Claim requirements

Original policy document.
Burial permit.
Original death certificate.
Copy of the applicant’s identity document.
Personal Medical Attendant’s report at time of death.
Accident report in the case of motor vehicle accident.
Inquest report in the case of an unnatural cause of death.
Any other relevant documents requested by Old Mutual.

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