Monday, September 8, 2025
25.4 C
Lagos

Old Mutual Insurance Unveils ‘Protect Your Dreams’ 2-in-1 Savings Plan

Old Mutual, has launched its 2 in 1 Savings Plan for customers in Nigeria, especially young professionals and families. With a minimum monthly contribution of N5,000, customers can save up funds for a period of five or ten years to fund their future financial goals.

The plan also gives the customer the opportunity to access a part of the savings for immediate needs during the savings period, should the need arise; thereby providing financial security. Another critical component of the plan is the protection on the savings, so that in the event the policyholder passes away in the course of the savings plan, the assigned beneficiaries will receive the originally targeted sum as assured in the plan.

Alero Ladipo Executive Head, Marketing & Customer Experience Old Mutual
Alero Ladipo
Executive Head, Marketing & Customer Experience
Old Mutual

Commenting, the Executive Head, Marketing and Customer Experience, Old Mutual, Alero Ladipo said; “We understand that life is filled with a constant juggling of our priorities. Trying to excel in our career, expand our businesses, get another degree, start a family, raise the children, provide education for them; yet take care of our siblings and parents, all on an income is a stretch for many. At Old Mutual we realise that entrenching a savings culture will help individuals realise dreams that day to day life tries to take away from them. We know as a business with over 170 years of wealth creation and management that smart financial planning is the answer to a future of financial security.

“It is on the back of these insights that we enhanced the 2-in-1 Savings Plans to allows you save towards your life goals over period of at least 5 years and with the added benefit of insurance protection, so that if life’s uncertainty happens in the course of saving for your future dreams, a chosen beneficiary will still receive the targeted sum. In other words, if you have set out to save for your child’s education and death unfortunately occurs, the 2-in-1 Savings Plan protects that dream from falling apart and ensure that the child gets the targeted sum.”

ABOUT OLD MUTUAL

Old Mutual General Insurance Company and Old Mutual Nigeria Life Assurance Company are part of Old Mutual Limited which provides protection, savings, investment and lending services to 11.3 million customers in 17 countries across Africa, Asia and Latin America.

Having acquired the majority stake in Oceanic Life Assurance Company, Old Mutual has been operating in Nigeria since March 2013. In January 2014, Old Mutual also acquired a majority stake in Oceanic General Insurance Limited thereby offering both life and general insurance solutions tailored to meet unique individual and corporate client’s needs.

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

NAICOM Champions Engagement between Nigeria, Ghana Insurance Operators

The Commissioner for Insurance/CEO of NAICOM, Mr. Olusegun Omosehin...

Africa Could Record 4.2% Growth by Overcoming Power Sector Challenges

Sub-Saharan Africa should prioritise the development of its power...

Fidelity Bank Plc Donates Maternity Kits to Pregnant Women in Yaba, Lagos

Fidelity Bank Plc, a leading financial institution, has donated...

Stanbic IBTC Reward4Saving Promo Season 3: More Winners Emerge

In another round of Stanbic IBTC Reward4Saving 3.0 promo...

‘Digital Era to Define Future of Insurance Industry’

Mr. Eddie Efekoha, President & Chairman of Council, Chartered...

Olashore: Brexit Good for Better Nigerian Education

The Chairman, Board of Governors, Olashore International School, Prince...

World Bank Unveils $12bn Support for Coronavirus Country Response

  As COVID-19 reaches more than 60 countries, the World...

Emirates – A Flight of Fortune

The story of Emirates is no less fascinating each...
spot_img

Related Articles

Popular Categories

spot_imgspot_img