⏳ What is a Waiting Period?

A waiting period is a specific amount of time that must pass after your policy starts before you can claim certain benefits — particularly for natural death (death due to illness or non-accidental causes).

🕒 Why Is There a Waiting Period?

Waiting periods are a standard practice in the insurance industry. They help protect the policy from being misused by individuals who may already be seriously ill at the time of applying. This allows Mutual Life Africa to keep premiums low and offer fair cover to everyone.

✅ Types of Waiting Periods

1. Natural Death Waiting Period

• A 12 month waiting period typically applies from the start date of the policy.
• During this period, claims for death caused by illness or natural causes will not be paid out.
• However, your premiums still build your cover, and your policy becomes fully active after this period ends.

2. Suicide Death

• The waiting period is 3 years.

Premiums are calculated based on:

Age

Smoking status

Cover amount selected

Currency chosen

Annual payment receives a discount equivalent to approximately two months’ savings.

Depending on policy structure and duration:

A portion of premiums may build value over time.

This value may be accessed via surrender, subject to policy conditions.

Early surrender may result in reduced payout.

Full terms are provided in the policy schedule.

Surrender value is the amount payable if you cancel the policy after a qualifying period. It is:

Not equal to total premiums paid

Subject to duration and policy terms

Typically available after a minimum holding period

Common exclusions may include:

Suicide within the first 12 months

Fraudulent misrepresentation

Non-disclosure of material medical facts

Participation in undeclared hazardous activities

Death arising from sanctioned activities

Refer to full policy wording for details.

Coverage begins:

After successful payment

Once the application is accepted

Upon issuance of confirmation documentation

You will receive confirmation via email.