Old Mutual to launch two new products


Old Mutual Life Assurance Limited will on Saturday unveil two innovative schemes called Timba Family Plan and Tsogolo Savings Plan at a function to be held in the administrative capital, Lilongwe.

Old Mutual Life Assurance Limited Managing Director Tavona Biza said the two products are a result of extensive research by the firm.

Biza said Timba Family Plan is designed to offer Malawians peace of mind by easing financial pressures during times of bereavement.


He said Timba ensures that the customer, spouse and unlimited number of children will be laid to rest with dignity and relevance by just paying a single monthly premium.

“Death benefits are paid out within 48 hours of receipt of necessary documentation,” Biza said.

He added that Tsogolo Savings Plan is there to encourage a savings culture among Malawians.


“Tsogolo Savings Plan is a simple, yet flexible plan that offers two savings pockets as part of one plan with a single monthly premium.

“Each plan has a long term and short term pocket which allows customers to build up funds for their future financial goals as well as giving them access to their money,” Biza said.

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