Old Mutual Life Assurance Company has introduced a life assurance policy called Mlera Life Cover. The subsidiary of Old Mutual Malawi has announced that the policy will be able to insure customers with a cover of between K150 million in case of death.

The company’s Acting Managing Director Tawonga Manda outlined that the policy has options to pick, ranging from 3-21 years. Manda said policyholders would also have an option to get up to 15% of all premiums cashback every three years. Manda outlined that the policy involved responding to a medical questionnaire and undergo a medical test if their cover limit exceed K25 million. “Mlera Life Cover is a response to meet the needs of targeted customers” said Manda “it has been designed with flexibility, allowing individual customers to choose different ranges of cover, policy terms and a cash back option, allowing customers to choose the best plan according to their need and how much they can afford.

The policy will be launched this weekend at Gateway Mall in Lilongwe at an event called Mlera Life Cover 360 Wellness fair.