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.’’

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