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 (ZWL) 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`

The policy proceeds can be used to pay for services provided by First Mutual Funeral Services.

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.

Contribution Rates

AgePremium Rates Per 1000 sum assured 
0-23 Years (Children)$0.80
24 – 65 Years$1.60
66 – 69 Years$3.20
70 – 74 Years$4.80
75 – 80 Years$7.60

The premiums are payable monthly or any other frequency that the member opts for.

A total 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.

Minimum Sum Assured is $50 000 for a premium of $80

Maximum Sum assured is $500 000 for a premium of $800`

Claim Notifications Contact Details

  • 0778703208 / 0778703204 0772187437/ 0788515698/ 0788515699
  • (+263) 719703211

How To Pay

  • Ecocash Biller Code: 17123
  • OneMoney Biller Code: 22085

You can also pay cash at any First Mutual Life branch or pay at the bank.

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30% of the fund value is withdrawn annually at anniversary date from year 3 onwards.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

Balance of the fund value at the end of the policy term.

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

University Cover Plan

This product secures the future educational needs of your child. The fund caters for either primary, high school or tertiary education fees and associated costs for both local and international universities or colleges. The University Cover plan is an affordable product as it allows parents determine their own level of investment depending on the quality of education they are working towards. Parents can invest from as little as $300 per month.

This package comes with two distinct plans which are:

Pure Savings Option

This is a pure investment option where monthly investments will grow with investments interest. The client is guaranteed of premiums paid plus interest.

Premium Waver option

This is an investment option where upon the premature death of a parent, before expiry of term, the policy will be funded by First Mutual until the end of the policy term. This option requires underwriting.

Policy Conditions

Minimum term for pure savings and waiver option is 5 years and minimum term for life cover option is 10 years. Maximum term for all three university cover options is 20 years. The minimum age at entry is 19 years and the maximum age at entry is 65 years.
Minimum premium $300

Mobile Money Payment Options

Ecocash Biller Code:             17123

OneMoney Biller Code:        22085

Follow Us On Social Media