Old Mutual is a licensed financial services provider that offers unique definitions for assessing claims. Their Greenlight product allows for a 100% payout for severe illness if symptoms last 24 hours, even with full recovery, requiring only raised cardiac markers or changes in ECG or symptoms. In comparison, other insurers require specific levels of all cardiac markers and only assess claims after 3 months, requiring permanent neurological impairment. Greenlight also offers a 30% payout for minor strokes lasting 1-24 hours with full recovery.
1. Old Mutual is a Licensed Financial Services Provider
240
STROKES
A DAY IN SA
GREENLIGHT
SEVERE
ILLNESS
STROKE
130
A DAY IN SA
CLAIMS ASSESSMENT MADE QUICK AND EASY
WITH GREENLIGHT’s UNMATCHED DEFINITIONS
LATEST
Get a 100% payout on our ELITE & PREMIUM benefits
if the symptoms last for 24 hours - even with full
recovery.
NO neurological impairment required.
Raised cardiac markers.
PLUS ONE of the following:
• Symptoms typical of a heart attack (eg. chest pain) OR
• Changes in ECG. OR
• Angiographic evidence of blockage of a coronary
artery.
Raised cardiac markers.
AND
Symptoms typical of a heart attack (eg. chest pain).
AND
Changes in ECG.
RAISED CARDIAC MARKERS
Only one abnormal cardiac marker needed.
ONLY 2 REQUIREMENTS
DEFINITIONS FROM GREENLIGHT
INVESTMENT |SAVINGS| PROTECTION
ALL 3 REQUIREMENTS
75% SURVIVE
Able to assess immediately after 24 hours.
HEART ATTACK
OTHER INSURERS**
RAISED CARDIAC MARKERS
Requires specific levels of ALL cardiac markers.
*The lifestyle enhancer only applies to Elite Severe Illness PLUS Benefit.
**Not a reflection on a single insurer but to those closest to GREENLIGHT’s definitions as at February 2016.
Assessment only takes place after 3 months.
Permanent neurological impairment is required.
HEART ATTACKS
LIFESTYLE
ENHANCER*
BOOSTS PAYOUTS
UP TO 200%
Get a 25% payout on full recovery if symptoms
last for 24 hours.
PEOPLE SURVIVE
A HEART ATTACK
3
4
Old Mutual is a Licensed Financial Services Provider
Unique minor stroke definition
Get a 30% payout on ELITE benefit if symptoms last
BETWEEN 1 AND 24 HOURS - even with full recovery.
1
2
3
1
2
WE PAID
THE HIGHEST
RAND AMOUNT
OF CLAIMS IN
THE INDUSTRY
OMM00000688