It's your life Cover it with life and disability insurance from Old Mutual.

What is the Life Plan Range?

Got people who depend on you? Get life cover that delivers when you can't. Old Mutual's Life Plan Range is affordable life insurance that pays out a sum of money to your loved ones should something happen to you. For a small monthly payment (premium) you can get up to R500 000 cover as well as a range of benefits that keep your policy active, even if you skip a couple of premiums in times of financial stress. Three different plans pay money to your family in the event you pass away or become disabled.
What's in it for you?
  • You can miss up to 6 premiums during times of financial difficulty such as retrenchment, unemployment, maternity leave and study leave
  • Cover available for people with chronic illnesses
  • Get a Money back guarantee should the insured person die from something other than an accident, only in first 6 months for Pure Life and Life & Disability Plans
A South African couple think about the life plan range while standing outside their home.Pick the Life Plan that meets your needs

The Life Plan Range has three plans to choose from.

Benefits

Pure Life Plan
To provide your family with money on your death to help them cope financially.
Life & Disability Plan
To help you financially should you become disabled OR to provide your family with money on your death.
Accidental Death & Disability Plan
To help you financially should you become disabled due to an accident OR to provide your family with money on your accidental death.

Range

R50 000 - R500 000
R50 000 - R500 000
R50 000 - R250 000

Money back guarantee

Income assistance benefit paid upon insured person's death*

Terminal Illness Benefit

Pure Life Plan
To provide your family with money on your death to help them cope financially.

Benefits

Life & Disability Plan
To help you financially should you become disabled OR to provide your family with money on your death.

Benefits

Accidental Death & Disability Plan
To help you financially should you become disabled due to an accident OR to provide your family with money on your accidental death.

Benefits

Range

R50 000 - R500 000

Money back guarantee

Income assistance benefit paid upon insured person's death*

Terminal Illness Benefit

Range

R50 000 - R500 000

Money back guarantee

Income assistance benefit paid upon insured person's death*

Terminal Illness Benefit

Range

R50 000 - R500 000

Money back guarantee

Income assistance benefit paid upon insured person's death*

Terminal Illness Benefit

*We aim to pay 10% of the cover (up to R50 000) within 48 hours of receipt of the required claims documentation.
Why choose Old Mutual's Life Plan RangeAffordable. Flexible. Reasonable.
Need more info on our Life Plan range?

Here are some extra details to help you out. If you'd like to chat, call us on 0860 60 60 64 and we'd be happy to help.

    Pure Life Plan: 

    Money back guarantee is a benefit amount (equal to all premiums paid) that is payable if the insured person: 

    • dies due to non-accidental (natural) causes during the first six months from the application date 
    • dies due to suicide during the first two years of the benefit 

    Life & Disability Plan: 

    Money back guarantee is a benefit amount (equal to all premiums paid) that is payable if the insured person: 

    • dies or becomes disabled due to non-accidental (natural) causes during the first six months from the application date 
    • dies due to suicide during the first two years of the benefit 

    Accidental Death & Disability Plan: 

    Money back guarantee is a benefit amount (equal to all premiums paid up to the cover amount) that is be payable if the insured person: 

    • dies due to non-accidental (natural) causes during the lifetime of the benefit (including suicide) 
    • becomes disabled due to non-accidental (natural) causes – (excluding attempted suicide) during the lifetime of the benefit

    You qualify if you are a permanent SA resident with a minimum age of 16 (if you are purchasing a plan through an adviser/broker) or 18 (if you are purchasing a plan over the phone) and a maximum age of 60.

    The Premium holiday is a policy benefit that allows the policyholder to miss up to 6 premiums during times of financial difficulty such as retrenchment, unemployment, maternity leave and study leave without the plan being cancelled. You can miss these premiums by taking either or both an automatic premium holiday and a requested premium holiday in any combination as long as in total you do not miss more than six.

    Automatic premium holiday

    If you miss a premium, to ensure that your plan is not cancelled and if you have not used up your premium holidays, we will give you an automatic premium holiday. You qualify for an automatic premium holiday after we have received your first premium. For the first six years of your plan, you can miss one premium per year this way. After the sixth year, you will not receive any additional automatic premium holidays but you do not lose the ones you have not taken.

    If you did not want to use your automatic premium holiday and want to make up the missed premium, you must contact us to make arrangements to pay it.

    Requested premium holiday

    You qualify for the requested premium holiday once we have received at least six premiums from you. You must contact us to arrange your requested premium holiday at least one month before you want to miss the first premium.

    Cash Back is only available on the Accidental Death and Disability Plan. For every 60 premiums that we receive (e.g. after 60, 120, 180 and 240) and if you are alive at the time that the qualifying premium is received, we will give you cash back. This cash back will be equal to 5 times the last premium we received.

    The Life Plan range has annual automatic premium and benefit increase. This means that every year, on 1 July we will increase your premium and cover by a certain percentage, linked to inflation. If the application date is less than 6 months from the increase date, the increase will only take place on 1 July of the following year. You may choose to not increase the premium in any year, in which case the cover amount will remain the same; but you will need to inform us before the increase date.