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South Africa:

The Old Mutual Life Assurance Company (South Africa) Limited

The Old Mutual Life Assurance Company (South Africa) Limited, also known as Old Mutual, was founded in 1845 and, with a market share of approximately 30%, is the largest and most well-established life insurance company in South Africa. Old Mutual Life Assurance has a reputation for integrity, financial strength, and value. In 1999, Old Mutual Life Assurance demutualized and became a publicly owned company.

Old Mutual Life Assurance Company (South Africa) Limited is part of Old Mutual plc, a highly regarded and fast-growing international financial services group based in the UK. Old Mutual plc is a world-class international financial services company, providing wealth accumulation and protection products through its expanding operations in life assurance, institutional and retail asset management, banking, and general insurance.

Old Mutual plc is listed on the London Stock Exchange as well as the Johannesburg (South African), Namibian, Malawi and Zimbabwe stock exchanges.

The Old Mutual Group had total funds under management of GBP 285 billion (USD 463.6 billion) as of December 31, 2009. While most of its business is in South Africa, the Group also has significant business activities in the US and the UK. It also undertakes business activities in Namibia, Swaziland, Zimbabwe, Malawi, Kenya, India, and the Far East.

Old Mutual (South Africa) offers an extensive line of group life and disability products, numerous health and retirement fund plans, and a full range of portfolio management and financial consulting services. The division of the company responsible for group benefits holds 23% of the insurance market and covers more than one million South Africans.

The Old Mutual Life Assurance Company has been an IGP Network Partner since 1968.

Key Products


Life


  • Life
  • Accidental Death
  • Widow's and Orphans' Benefits

Disability


  • Long-Term Disability
  • Permanent and Total Disability
  • Accidental Disability
  • Waiver of Premium (on Long-Term Disability Coverage Only)

Medical


  • Group Medical Plan

Pensions


  • Pension Funds
  • Provident Funds
  • Umbrella Pension and Provident Funds
  • Preservation Pension and Provident Funds
Old Mutual Life Assurance Company is on the internet at: www.oldmutual.com.