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Old Mutual Insure sets aside R60m towards premium relief for customers

Old Mutual Insure has set aside R60 million towards 15 percent motor premium discounts in April 2020 and 10 percent in May 2020 for qualifying personal lines customers to manage the financial fallout of Covid-19. 

Commercial and Agriculture customers who qualify will also receive a 10 percent motor premium discounts for both April 2020 and May 2020.  

If Old Mutual Insure is to live its purpose of being a certain friend in uncertain times, it’s important that, “we pass the benefits of the reduced motor claims that we are seeing in hard lockdown directly to customers most impacted by this crisis,” said Soul Abraham, Chief Executive Retail, Old Mutual Insure.

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