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Old Mutual, the integrated financial services group that has a long history of serving Zimbabwe, has launched a fully-fledged funeral services business in Bulawayo following a successful launch of the same business in Harare a few weeks ago.
The group has been offering the Flexi Funeral Plan, which was originally set up as a renewable funeral policy that has been paying out a cash benefit to cater for funeral expenses for its members or their dependents. Taking heed to its client’s evolving needs, the new funeral product will offer an end-to-end solution that includes fully-fledged funeral services.
“Our customers spoke and requested that we offer them an end-to-end full range of funeral services. Accordingly, we have taken this bold move to offer tangible funeral services that are over and above the cash benefit we offer as Old Mutual,” said Sam Matsekete, Group Chief Executive Officer.
“We are delighted to officially announce, our response to that call and our continued commitment to serving the Bulawayo market. Today we introduce the Old Mutual Funeral Service offering which is over and above the cash benefit we offer, as Old Mutual Zimbabwe.”
This offering adds to a range of existing financial service products Old Mutual offers in the market. Part of the services the premium brand is offering includes standard funeral services like water bowser, nationwide bus service, and family courtesy vehicles. A family courtesy vehicle that is the first of its kind in the funeral services sector at the disposal of bereaved families for any logistical needs.
The funeral packages come with a standard cash pay-out across all plans, where a minimum of US$250 up to US$1000 is paid out. Premiums are very affordable from as little as US$3 per month. There is also 100% of cash in lieu, where one can claim cash out if a beneficiary’s funeral was covered by another funeral policy. In addition, the plan offers free cover for biological children, and no waiting period if one migrates from another funeral policy.
Old Mutual Flexi funeral policy has individual plans that suit everyone’s budget, the packages range from Lite, Classic, Premium to Supreme. However, additional riders are available on all plans including, income stabilisation on Policyholder for 6 months, a cash lump sum for grocery or other expenses, a tombstone, memorial service, and a bus.