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

Make A Claim

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

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Funeral Cover(Sum Assured) USD 1000  USD 2000  USD 3000  USD 4000  USD 5000
Child USD monthly rates USD0.50 USD 1.60 USD 2.40 USD 3.20 USD 4.00
18 – 65 Years USD monthly premiums USD 1.60 USD 3.20 USD 4.80 USD 6.40 USD 8.00
66 – 69 Years USD monthly premium USD 3.20 USD 6.40 USD 9.60 USD12.80 USD16.00
70 – 74 Years USD monthly premium USD 4.80 USD 9.60 USD 14.40
75 – 80 Years USD monthly premium 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

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

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 ZWL$85 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 ZWL50,000 and a maximum of ZWL500,000.

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

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

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