At Mutual Life Africa, we believe in empowering individuals to take control of their success. Our Business Partners program offers you the unique opportunity to not only own your own business but to grow it with the support of a trusted and leading name in the insurance sector. Whether you’re a seasoned professional or new to the industry, we provide the tools, training, and resources needed to succeed.
By joining us, you’ll have access to:
- Business Ownership: Build and run your own insurance business, with full control over your growth and direction.
- Sales Opportunities: Tap into a wide range of innovative insurance products, offering clients valuable protection and peace of mind.
- Ongoing Training & Support: Gain industry-leading knowledge, professional development, and mentoring from experienced professionals to help you thrive.
- Financial Growth: Unlock unlimited earning potential through performance-based rewards and incentives.
- Flexible Work-Life Balance: Enjoy the freedom to set your own hours, giving you the flexibility to balance personal and professional goals.
Mutual Life Africa offers 2 business partnership programs namely:
- Sales Channel Partner.
- Agency Partner.
Sales Channel Partner
A Mutual Life Africa sales channel partner is an individual, entity or company that sells, Mutual Life Africa’s products and services and earns a commission on each policy they or their team sells.
SALES CHANNEL PARTNER OVERVIEW
- Sells Mutual Life Africa products to the public.
- Earns 25% recurring commission for 24 months as long as the policy is active.
- Can employ and manage a team of field sales reps.
- Can work from anywhere in South Africa.
- Can run ads, co-branded marketing promotions.
- Qualifies for physical store rent subsidy.
Agency Partner
An Agency Partner is a white label partner, it can be a business, individual or entity that gets our products at a discounted rate, repackages, reprices and resells them as their own under their brand name.
AGENCY PARTNER OVERVIEW.
- Repackages Mutual Life Africa products and service.
- Sells under their brand or company name.
- Sets their own prices.
- Collects their own premiums.
- Independently manages their own business.
- Pays an underwriting fee to Mutual Life Africa for each policy sold and is covered by Mutual Life Africa
Under this partnership Mutual Life Africa assumes the risk of each policy, this includes:
- Paying out claims.
- Body repatriation.
- Documentation and corpse processing.
FAQs
You can choose to become an agency partner if you want to sell and run a business under your own brand name but still leverage Mutual Life Africa’s resources and expertise in the background.
Anyone over the age of 18 can join, we do not have a minimum eligibility criteria.
Yes, you can, we cover all nationalities.
We charge a once-off account set up fee of R9999 for Sales Channel Partners and R50000 for Agency Partners.
Yes you can, for regulatory purposes our partners can operate under our licence.
Not at all.
Yes, we offer ongoing product training as well as free business, marketing and sales workshops plus networking events.
GETTING STARTED
Sign up as a partner and pay the required fee.
CREATE YOUR PROFILE
Create your business partner profile by answering a few questions about yourself.
On-boarding Meeting
Mutual Life Africa will allocate a business development manager that will help you with product training, on-boarding, UX and portal tutorials and everything you need to succeed with your business.
LET'S DO THE MATH ON YOUR EARNING POTENTIAL
Let’s take a quick look at the math behind the business partner program, we will use a sales channel partner as an example and work on the bare minimum and lowest price product .
- Start Up Cost: Licencing and agreements Fee: R9999.
- Lowest price product :R250.
- Commission on this: R62.50.
Let’s Say You Target 1 Sale A Day for 30 days
- Monthly Sales: R7500
- Monthly Recurring Earned Commission: R1875.
- Total Paid Out In A 24 Month Cycle From Just 1 Month Of 1 Sale A Day: R45000.
Using the above numbers as an example you can set your goals and calculate your potential income accurately.
The above example was calculated based on the lowest price point but we have policies that cost as much as R5000 a month paying out R1250 a month on commission, meaning you have the potential to recoup your startup funds within a month.
We charge start-up fees to make sure that our partners are just as invested in their success as we are and this helps us allocate our personnel and resources to serious partners who have a can do attitude and are serious about growth and success.