What type of product is Greenlight?
GREENLIGHT Life Cover from Old Mutual is life insurance that pays out a lump sum (once-off payment) to your beneficiaries if you die or to you if you become diagnosed with a terminal illness. The money received can help your family settle debt, cover estate duty costs and even expenses.
How do I withdraw money from Old Mutual unit trust?
Yes, you are allowed to make withdrawals at any time. Single applicants can withdraw their investments by simply writing an email instruction to us indicating their account number and the amount they wish to withdraw or by visiting any of branches.
Can I withdrawal from Old Mutual Max investment?
Old Mutual is obliged to carry out an instruction to withdraw an investment over a period of up to 7 business days and to determine the value according to the amounts realised for the investment over that period.
How much does Old Mutual pay out?
Old Mutual today announced that it paid R14 billion in risk cover claims in 2020. The pay-out includes underwritten, non-underwritten and corporate claims and represents a year-on-year increase of 24%.
Does Old Mutual Greenlight have cash back?
You will receive the cash back benefit retrospectively the month after the qualifying instalment was received. The money will be paid into your bank account that is being debited for repayment of the OMF loan as per our records on the date of payment.
Can I cancel my Old Mutual retirement Annuity?
If you prefer not to stay with Old Mutual SuperFund, you can cancel your membership and transfer your retirement savings to another fund and/or take the money in cash.
How long does it take for money to reflect from capitec to Old Mutual?
Hi there, transfers between banks can take up to 2 – 3 working days to reflect. For faster transfer results in future, you can use immediate transfer via Capitec, at an additional fee of R7. 50.
Does Old Mutual have a WhatsApp number?
It’s easy, just WhatsApp ‘Hi’ to 0860 933 333 and select which task you’d like to perform. The time is now to connect about what matters.
Can I surrender my Old Mutual retirement annuity?
Answer: Cosma, Yes, you can make your retirement annuity paid-up. You need to inform Old Mutual of this, and you may incur a surrender penalty by doing so. Your paid-up retirement annuity will only be repaid to you if the balance is less than R7 000, otherwise you have to wait until you are 55 for your money.
Does Old Mutual pay out for Covid?
If a claim is valid and meets all claim criteria, we will pay. Group Assurance Death and Family Cover claims: If you die from COVID-19, or a related illness, we will pay.
When did Old Mutual Greenlight first come out?
Old Mutual GREENLIGHT was officially launched on 7 May 2001, and the initial offering consisted of 10 benefits, covering Death, Disability, Physical Impairment and Severe Illness. The design principles implemented then still holds true:
What kind of insurance does Old Mutual offer?
Old Mutual GREENLIGHT products include life cover, disability cover, severe illness cover, retrenchment cover and future needs cover. GREENLIGHT Risk CoverTake a look at our GREENLIGHT products
What kind of bank is Old Mutual Limited?
Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. Let’s talk Share your details and we’ll get in touch as soon as possible. Ready to Save2gether?
What do you need to know about Greenlight?
Greenlight offers the choice of having stand-alone benefits or accelerated cover. Greenlight also offers benefits designed for business owners, and Keyperson cover provides funds to cope with the impact of when the key person or breadwinner dies. With the Earning Ability Cover, you and your family are protected when you are unable to do your job.