Timba Family plan and Tsogolo Saving Plan are designed to meet the needs of Malawians and instilling a saving culture to ensure that Malawians live a better life and have something to rely on in case of emergencies such as death.

Old Mutual Marketing and Communications Manager Patience Chatsika said the company has embarked on awareness campaign to reach out to all people with the two products.

“We want to be closer to the customer, providing them with first-hand information, it's our first time to be in the retail market (non-digital) therefore face to face meetings make more sense as part of our distribution strategy for these products,” Chatsika said.

Commenting on customer’s response towards the products, Chatsika said the company was satisfied with the response from the general public as evidenced by the number of people buying the policies.

“Response is positive. People are buying. However, we need to enhance our premium collection proposition as we are working towards closing all gaps,” she said.

Quick response- A customer registering his policy

Chatsika said the two products are unique in a sense that its premiums are low, and the time it takes to pay out claims is unmatched and suitable for Malawians.

“The policies allow members to withdraw without disturbing the investments, cashback on Timba after 3 years on no claim and serviced at their work place by a dedicated financial advisor,” she added.

The Timba Family Plan is a life Insurance that provides a member and his or her registered family members with funeral cover ranging from MK150,000 to MK1, 500,000.

Tsogolo Savings Plan offers two savings pockets as part of one plan, with a single monthly premium. It has both the long-pocket and a short-term pocket storage.

To register for Timba Family Plan you must be between 18 and 65 years old and one must pay a monthly premium of K1755.00 and for Tsogolo Savings Plan the monthly premium is K5,000.