Max Investment Plan

A MAX Investment Plan offers you a choice of funds to invest in starting from as little as KShs 7,000 a month.

How it works

  • Choose how much you want to invest – from KShs 7,000 up to KShs 100,000 per month.
  • Select your investment term: A minimum of ten (10) years up to a maximum of twenty (20) years.
  • Your premiums will enjoy tax relief up to the maximum permissible by law.
  • Old Mutual offers you a choice of funds to invest in. These are the Fixed Income Fund and the Stable Fund depending on your risk appetite.
  • Lock in period: This is five (5) years before you can access your funds. After the lock in period you may terminate your policy by cashing in the benefits you are entitled to.
  • Includes a life-cover benefit.
  • No medical examination required.

Investment Benefits

Paid up benefit: If you stop paying your premium within the five (5) year period your withdrawal value will be a percentage of your Accumulated Unit Fund. The Paid-up values are listed in the table below. Your maturity benefit will be 100% of your Accumulated Unit Fund at the end of the selected policy term.

Paid-up Values

Months

Description

%age of accumulated unit fund

0-6 Less than 12 months' worth of premium has been received 0%
7-12 Less than 24 months' worth of premium has been received 70%
13-48 Less than 48 months' worth of premium has been received 85%
49+ At least 49 months' worth of premium has been received 100%

Application Process

  • Complete an application form with the help of an Old Mutual Adviser.
  • Pay your first premium installment using any of our easy payment options. If using M-Pesa ensure proof of payment by inserting M-Pesa payment confirmation number.
  • You will receive your contract document immediately.
  • There is a cool off period of thirty (30) days from the day you are issued with the policy contract within which you can cancel the policy and premiums paid will be refunded.
  • A separate financial questionnaire will need to be completed with the help of a financial adviser for premium contributions of KShs 20,000 per month and above.

Payment Options

Premiums may be paid monthly, quarterly, semi-annually or annually. Your first and subsequent premiums are payable through the following options: M-Pesa, Zap, PostaPay, Cheque, Check-off, Direct Debit or Standing order.

For more information please visit your nearest Old Mutual branch, send us an email or speak to your financial adviser.