Mutual & Federal to Launch New Product in Third Quarter

June 6 - Mutual & Federal, the giant South African insurance group, is putting the finishing touches to its new product, allsure.

The product is set to launch in the third quarter of this year, and is in the final stages of implementation and industry compliance.

The Managing Director of Mutual & Federal, Peter Todd, said that the new product will "exceed market expectations and add additional value to our brokers and their clients."

A new price structure has been implemented so as to make the product more appealing to a wider customer base.

Todd said that the new pricing divisions have received positive market feedback.

"There have been a few regions that provided us with additional input regarding our product and we'll be revisiting these prior to the launch," he said. "We have already completed the wording to be compliant with the Consumer Protection Act, which requires all wording to be simplified, even though the Act does not yet apply to the insurance industry."

He added that this has been an exciting exercise resulting in what he termed a "truly customer friendly product."

Some of the allsure products

Allsure provides players with a number of top of the range products, including a number of value-added services including Swiftcare, which covers roadside, home and medical assistance, and also banking card protection service; Swift Accident Management Solutions, a towing service in the event of a car accident; and Critical 5 HIV Prevention Plan, which provides instant assistance to policyholders in the event of rape or other incidents where exposure to HIV occurs.

More information about these products can be obtained through the insurance company.

Todd said that Mutual & Federal continued to provide world class service and quality products that add beneficial value to its clients and brokers.