Malawi Stock Exchange (MSE) listed company Old Mutual has announced the launch of two new products on the market.
The two products Timba Family plan and Tsongolo Saving plan will be officially launched in Lilongwe on Saturday the 24th June 2017.
Briefing the journalists about the two products in Blantyre, Old Mutual Managing Director for Life Assurance Limited Tavona Biza said the two products are designated to meet the needs of Malawians
“Family Plan offers you peace of mind knowing that you, your spouse and unlimited number of children will be laid to rest with dignity and reverence by just paying a single monthly premium. This removes worries about an affordable and dignified funeral plan for your family,” said Biza.
Biza added,“We understand that death is unexpected and simply catches everyone off guard, with Timba Family plan you are assured that your death will not cause any financial problems to your family.”
On other hand he said Tsongolo Saving plan is there to encourage a saving culture among the average Malawian and realise their dreams.
“Saving is usually attributed only to the rich, but Old mutual is here to change this mindset and show that even with the little that we have we can build something big and realize our dreams ,” he said
The Timba family plan is a life Insurance that provides you and your registered family members with funeral cover ranging from 150,000 to K1, 500,000.
Tsongolo Savings Plan offers two savings pockets as part of one Plan, with a single monthly premium. It has both the long pocket and a short term pocket.
To register for Timba family plan you must be between 18 and 65 years and one must pay a monthly premium of K1755.00 and for Tsogola Savings plan the monthly premium is K 5000.
Musicians Edgar and Davis, Lulu, ThirdEye, Lawrence Mbenjere are expected to spice up the launch in Lilongwe.Follow and Subscribe Nyasa TV :