Premium Protection Plan

This is a premium waiver benefit. It will pay the premiums due after the death of the policy holder provided the policy holder and the assured individual are not the same person.

The following events will lead to policy payment:

  • The assured individual becomes unable, due to illness or injury, to perform the duties of his own occupation.
  • The assured individual becomes unable, due to illness or injury, to perform the duties of any reasonable occupation.
  • The assured individual becomes confined to a bed or wheelchair.
  • The assured individual becomes unable to use his hands ("Hand" means the part below the wrist), feet ("Foot" means the part below the ankle joint, or the ankle joint) or eyesight, in any combination of at least two of these limbs or eyes.

Please be aware that there is a waiting period attached to this benefit. For more information on the Premium Protection on Death product please visit your nearest Old Mutual branch, send us an email or speak to your financial adviser.