The Nation (Nigeria)
Old Mutual unveils Short-term Savings Plan
OLD Mutual has unveiled a short-term savings plan. In a statement, the Execudividual tive Head, Marketing and Customer Experience, Old Mutual Nigeria, Mrs. Alero Ladipo, said the experiences in the 2020/2021 financial year had been a lesson in ensuring one protected one’s family, health, and livelihood.
According to her, it had become more important to focus on a goal and work towards it, ensuring one was covered from unpredictable circumstances.
She said: “This special product allows an individual to save as well as obtain life cover up to N1 million. Old Mutual, the Nigerian subsidiary of Old Mutual Limited, pan-africa's leading insurance firm and global financial services provider, has launched this in Nigeria to further support individuals, families, and small business in achieving and protecting their goals. This plan allows for a minimum monthly savings contribution of N5,000, which can be increased annually.
"We are proud to introduce this well- researched product designed to enable individuals and businesses achieve their short-term financial objectives, particularly in these times of strong economic headwinds and still maintain a life cover.’’