Individual Life
e-FML Mobile Funeral Cash Plan
The e-FML Mobile Funeral Cash Plan is a unique funeral cover product which offers a cash benefit upon death of an insured person. The premiums and the cash benefit shall be paid in Zimbabwean Dollars (ZWG) or the prevailing currency subject to the law of Zimbabwe.
Benefits
Affordable funeral to cover all your expenses relating to the passing on of a loved one.
No medical underwriting required.
Policy can be taken over and above an existing Funeral Benefits Plan policy.
Timely settlement of claims – Claims are paid within 24 hours upon receipt of claim requirements
Wide branch network to ensure claims are processed in a timely manner.
Immediate cover for all accidental deaths, be it a snake bite or a road accident.
A short waiting period of three (3) months for immediate family and six (6) months for adult dependants on all the other causes of death.
| Funeral Cover(Sum Assured) | USD 1000 | USD 2000 | USD 3000 | USD 4000 | USD 5000 | USD 6000 |
| Child USD monthly rates | USD0.30 | USD 0.60 | USD 0.90 | USD 1.20 | USD 1.50 | USD 1.80 |
| 24 – 69 Years USD monthly premiums | USD 1.60 | USD 3.20 | USD 4.80 | USD 6.40 | USD 8.00 | USD 9.60 |
| 70 – 74 Years USD monthly premium | USD 2.40 | USD 4.80 | USD 7.20 | |||
| 75 – 80 Years USD monthly premium | USD 3.80 | USD 7.60 |
NB.
- Affordable monthly premium rates from as a low as USD1.60 per USD 1,000 sum assured.
- The policy is renewable monthly through payment of premiums.
- A total monthly premium will be calculated for you based on the cover you opt for and on the number of dependents you wish to include on your policy.
- The policy provides additional benefits, i.e., Grocery and Tombstone benefits at an additional cost. Note that the Grocery benefit is applicable to the Main member only whilst the Tombstone benefit is applicable to all lives covered on the policy.
- Policy can be upgraded at any time during its life time.
- Policy can be taken over and above our Eternal Life Plan product which provides actual funeral services in the event of bereavement.
Claim Notifications Contact Details
Contribution Rates
- 0778703208 / 0778703204 0772187437/ 0788515698/ 0788515699
- (+263) 719703211
How To Pay
- ZWL Ecocash Biller Code: 17123 . Short Code *151*100#.
- OneMoney Biller Code: 22085
- USD Ecocash Short Code *153*2*1*17123*amount*policy number#.
Banking Details
BANK STANDARD CHARTERED
BRANCH AFRICA UNITY SQUARE
ACCOUNT NUMBER 8740405022100
ACCOUNT NAME FIRST MUTUAL LIFE ASSURANCE
Eternal Life Plan
This is a funeral services plan that provides actual funeral services in the event of death of lives covered.
Features
Get the First Mutual Eternal Life Plan in addition to the e-FML Mobile Funeral Cash Plan and have access to even more benefits!
Renewable term product which is renewed by paying premiums
Maximum age at entry is 70 years for main life. No age limit for dependants
Automatic periodic premium adjustment in line with inflation and cost of burial.
In the event that you are not able to access funeral services, cash in lieu of services is paid out.
VALUE PROPOSITION
Affordable, from as little as USD 2.59 a month.
You can opt for a family package covering spouse and children
Biological children under family package are covered for free with no limit on the number of children
All plans come with a bus option
Five different plans to choose from thereby allowing flexibility on the choice of plans for dependants
There is an option to add an e-fml cash rider with a minimum sum assured of USD 1,000 and a maximum of USD 6,000.
Add-ons such as tents and superior caskets available for additional cash payment.
There is no age limit for dependants
No waiting period for all existing FCP and e~FML policyholders
Immediate cover for all accidental deaths
Still birth are covered.
Claims are processed within 24 hours daily.
We ease the stress by making all burial arrangements on your behalf including burial related paperwork.
Early Harvest Plan
This is a disciplined savings product whose proceeds can be used for future financial needs. Product proceeds are directly linked to the value of the underlying investments.
Benefits
Accumulated Account Balance
On death of the policyholder Accumulated Account Balance at date of death is paid out.
Payouts
30% of the fund value is withdrawn annually at anniversary date from year 3 onwards.
Maturity Benefits
Paid Up
A paid up value is available after 3 years’ premiums have been paid.
Paid up value is the accumulated fund value in the account.
The term to run remains the same as it was before the policy is made paid-up.
Accumulated account continues to grow with interest declared from time to time
Surrender Benefit
Only available after 3 years’ premium have been paid.
Surrender value is the accumulated fund value in the account.
Policy Conditions
Minimum age at entry 19 years and no maximum
Minimum term 10 years and maximum term 30 years
Minimum monthly premium is $300
Mobile Money Payment Options
Ecocash Biller Code: 17123
OneMoney Biller Code: 22085
Platinum Pension Plan
This is a savings product whose proceeds are used to purchase retirement pensions. Product proceeds are directly linked to the value of the underlying investments On retirement, each policyholder receives an Accumulated Fund Account allocated to the policy.
Death Benefit
On death of the policyholder Accumulated Account Balance at date of death is paid out.
Maturity Benefits
Accumulated Fund Value at date of maturity.
Paid Up Benefits
- A paid up value is available after 2 years’ premiums have been paid.
- Paid up value is the percentage of the accumulated fund account.
- The percentage depends on the duration at paid-up date and original term of the policy.
- The term to maturity remains the same as it was before the policy is made paid-up.
- Accumulated account continues to grow with interest declared from time to time.
Voluntary Early Retirement
- The Policy Ends
- It is allowed if policyholder is at least 55 age attained.
- The Policyholder is entitled to the paid up fund value at the date of retirement.
ILL Health Early Retirement
- Satisfactory medical evidence should be submitted.
- The policyholder is entitled to fund value as at date of retirement.
Surrender Benefit
The policy does not have a surrender benefit.
Policy Conditions
- Minimum age at entry 19 years and maximum 68 years
- Minimum term 2 years and maximum term 51 years subject to a minimum expiry age of 55 years
- Minimum premium is $300
Mobile Money Payment Options
Ecocash Biller Code: 17123
OneMoney Biller Code: 22085
Guardian Life Plan
Creating wealth for our loved ones is what everyone aspires to do. Guardian life Plan (Muchengeti wemhuri/ Umngcinimuzi) provides a simple way to make sure your loved ones are looked after in the event of death when you are no longer present to provide for them.
Benefits
From Just USD 8.00 per month, you are guaranteed of a life insurance protection benefit of up to USD 5 million.
Funeral cover from USD 1,000 up to a maximum of USD 6,000 is available to the life insured and any other eligible dependents aged between 1 day and 80 years age next birthday.
You can help protect your family’s lifestyle and everyday living expenses with the main death benefit of up to USD 5 million.
With an option of accidental death coverage of up to 50% of the main death benefit, the beneficiaries will be guaranteed of an additional benefit payment of up to USD 2.5 million over and above the main death benefit.
The plan gives you the flexibility to choose your coverage levels (Sum Assured) at policy inception at a cost that suits you. It provides the flexibility to review your coverage levels in line with your needs and financial capacity.
An upward review is subject to underwriting.
To your family’s financial planning, Guardian life Plan provides an affordable solution to cover an existing financial commitment such as a mortgage loan and ensures that your family can pay off all of your liabilities such as estate duty obligations if the unforeseen happens to you.
Immediate cover for all accidental deaths, be it a snake bite or a road accident.
A short waiting period of three (3) months for immediate family and six (6) months for adult dependants on all the other causes of death.
| Product Plans | Tested Plan (Requires Medical Tests) | Untested Plan (No need for medical test) |
| Product Options | Individual or with Spouse | Individual or with Spouse |
| Minimum age at entry | 18 years age attained | 18 years age attained |
| Maximum age at entry | 65 years age attained | 65 years age attained |
| Minimum Death Benefit(Sum assured) | Above USD 100,000.00 | USD 10,000.00 |
| Maximum Death Benefit(Sum assured) | Above USD 5,000,000.00 | USD 100,000.00 |
Claim Notifications Contact Details
Contribution Rates
- 0778703208 / 0778703204 0772187437/ 0788515698/ 0788515699
- (+263) 719703211
How To Pay
- ZWL Ecocash Biller Code: 17123 . Short Code *151*100#.
- OneMoney Biller Code: 22085
- USD Ecocash Short Code *153*2*1*17123*amount*policy number#.
Banking Details
BANK STANDARD CHARTERED
BRANCH AFRICA UNITY SQUARE
ACCOUNT NUMBER 8740405022100
ACCOUNT NAME FIRST MUTUAL LIFE ASSURANCE
