Timba Family Plan

Old Mutual Timba Family Plan offers you peace of mind knowing that you, your spouse and children will be laid to rest with dignity and love.

Old Mutual Timba Family Plan is a funeral policy that offers cash payment within 48 hours upon death to cater for funeral expenses for member, spouse as well as unlimited children below the age of 18.

Who is this Plan for?

The Plan is suitable for you if:

  • If you or your family would like to be provided with financial assistance to cover the final expenses in the event of your death and/or the death(s) of your spouse and dependent children.
  • You are looking for affordable monthly premiums.

Features and Benefits

  • The Plan offers cover for you, your spouse and unlimited number of children.
  • Choose the cover amount that you can afford - anything between MWK 150,000 and MWK 1,500,000.
  • A cash back benefit - this is a lump sum that is payable after every 36 full monthly premiums have been paid. This cash back benefit will be equal to 3 times the last monthly premium we received from you at this time.
  • You may nominate up to five beneficiaries for proceeds in the event of your death.
  • You are rewarded for your loyalty to the Plan in the form of cashbacks.

How much does the Plan cost?

Your financial adviser will provide you with a quotation on what your premium will be. Your monthly premium will depend on your age at the time of applying for the Plan and the cover amount you choose.

How do you make a claim?

You can make a death benefit claim by contacting Old Mutual Malawi. A death benefit claim may be submitted at any time after the event of death of a Life Assured. You will be required to submit the following documents:

Documents required in respect of the Life Assured (the Life Assured is the person whose life is covered by the policy namely you, your spouse or your children):

  • Original death report.
  • Proof of the Life Assured’s relationship to you, either as a spouse or dependent child.
  • If the death was as a result of an accident during the risk waiting period, a police report.

Documents required in respect of a beneficiary:

  • A fully completed claim form.
  • Identity document (form of identification).

More Information

For more information, please visit our offices, call +265 1 820 677 or email us.