Insurer supports financing dreams with short-term saving plan
To support individuals, families and small businesses achieving and protecting their goals in the country, Pan-Africa’s insurance firm and global financial services provider, Old Mutual Nigeria, has initiated a saving culture that would drive financial independence, especially, at a time of economic uncertainties.
The Executive Head, Marketing and Customer Experience, Alero Ladipo, explained that the plan allows for a minimum monthly savings of N5,000 which can be increased yearly.
Ladipo said the new researched product is designed to enable individuals and businesses to achieve their short-term financial objectives, mainly during economic headwinds, and maintain a life cover.
“The Old Mutual Short Savings Plan has a dynamic feature that allows the policyholder to withdraw up to 50 per cent of saved funds during the savings tenure as well as keep track of their balances to ensure goals are met.”
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