Old Mutual Conversion Option

  • The conversion option can be exercised within 60 days from the date of withdrawal from the scheme, given the member is actively at work on the last day of service.
  • No additional medicals are required.
  • Members are covered for 60 days during the option period.
  • Premiums must be paid in full at the time of conversion.

Maximum age to convert:

  • Group Life Cover: Up to ANB 70
  • Lump Sum Disability: Up to ANB 55 (10 years prior to Benefit cession age)
  • Disability Income benefit: Up to ANB 60 (5 years prior to Benefit cession age)
  • Trauma: Up to ANB 55 (10 years prior to Benefit cession age)

The conversion option is not offered in the following instances:

  • If the entire scheme is terminated with Old Mutual.
  • The conversion option is not offered to contract workers.

Please note that the maximums shown above are the default maximums in the TSA policy. Please do not hesitate, however, to contact us to discuss cover amounts beyond these maximums when required.

Thank you and regards,
The TSA Team

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All information provided in TSA Connect newsletters is intended to inform and explain, but please remember to always check the current terms on policies when considering options and advising clients.

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