Old Mutual unveils new policy, to offer low premiums


In its quest to respond to the needs of customers, Old Mutual Malawi has unveiled a funeral policy, Timba Plus, to complement the existing Timba Family Plan launched last year.

Speaking during the launch of the policy in Blantyre last week, Old Mutual Group chief executive officer Edith Jiya said the policy will be providing mortality-only cover for the parents of the policyholder and the parents of his/her spouse, up to a total of four parents’ lives assured.

Jiya: Its premiums are low

She said Timba Plus is unique in the sense that its premiums are low, and the time it takes to pay out claims is unmatched, suitable for Malawians.

“We understand that death is unexpected and simply catches everyone off guard. With Timba Plus plan you are assured that death will not cause any financial problems to your family.

“We take the welfare of our  clients as a priority, therefore, we have considered to widen the spectrum of Timba Family Plan by adding other beneficiaries to ensure that our  clients have access to affordable, timely and relevant products,”  she said .

One of participants Francis Mbewe from Machinjiri in Blantyre described Timba Plus as unique product in time of emergencies

Last year, Old Mutual launched Timba Family plan and Tsogolo Saving plan designed to meet the needs of Malawians and instil a saving culture and to ensure that Malawians live a better life, and have something to rely on in case of emergencies such as death.

The activities to mark the launch of Timba Plus started with a walk from Old Mutual offices in Blantyre to College of Medicine where they had a three-hour aerobics session with Ulaya classic and thereafter a mini basketball bonanza. n

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