Insurance is a very broad term and it is important to distinguish between the two main types namely :
- Life insurance that protects you and your family from financial loss as a result of death and disability (Available from Old Mutual).
- Short-term insurance that provides insurance cover for your home, belongings and business amongst other things.
Mutual & Federal is part of the Old Mutual group and specialises in short-term insurance. Ask anyone about Mutual & Federal and they will tell you it is one of South Africa's leaders in short-term insurance.
Why is that important?
- High standards of reliability and service.
- Top quality products.
- Financially stable.
- Advice from trained professionals.
- No nasty surprises in the small print!
Insurance is often considered to be a grudge purchase, one that costs too much and that is too complicated. Well that is in the past…
“As a company with a long history in this country we believe that we have an important role to play in helping all South Africans protect the assets they have worked hard to accumulate”.
Keith Kennedy, Managing Director of Mutual & Federal at the national launch.
Mutual & Federal launched Insurance 4 All nationally in April 2008. It is an innovative, affordable product that provides the previously uninsured market with access to insurance.
- It is a product designed for people who live in homes valued between R18 000 and R108 000 and for household belongings valued at between R10 000 and R40 000.
- Value-added benefits include Liability and free Bereavement cover.
- Premiums start from as little as R21 a month, with a flat excess of R100.
Given the significant increase in the need for safety and security combined with a growing requirement for responsible asset protection, the timing of the launch of Insurance 4 All could not be more appropriate.