Staff Writer
Old Mutual Namibia’s rewards redemptions now exceed N$5 million in value. The company announced this week that clients can now invest their Old Mutual Rewards points into their Unit Trust investments.
“This innovative enhancement enables members to convert everyday choices into long-term financial growth,” said Logan Fransman, group chief operating officer.
The new benefit allows Old Mutual Rewards members to transfer their rewards points into one of Old Mutual Namibia’s Unit Trust funds, providing a simple and convenient way to build wealth over time, the company said.
“We’re constantly looking for ways to connect financial wellness with our customers’ real lives,” said Fransman.
“With this enhancement, we’re showing that every point earned through our rewards programme can now play a role in building a stronger financial future. It’s one more step towards making investing more inclusive and accessible.”
He said clients who do not yet have an active Unit Trust account can open one. Once their account is active, they can start converting their Rewards points into Unit Trust investments, the company said.
The company said the Old Mutual Rewards programme rewards Namibians for making positive financial decisions, whether through using budgeting tools, engaging with financial education resources, or making responsible product choices.
“Members can now not only be rewarded for these good habits but also choose to convert those rewards into investments that may generate future returns. By linking Rewards to Unit Trust investments, Old Mutual Namibia continues to lead the way in developing holistic financial solutions that meet customers where they are and support them throughout their financial journeys.”
The company provides both private and commercial clients with financial solutions. Old Mutual products and services include insurance, savings, investment, and lending and offers financial solutions that fit the diversity of its client base.
Old Mutual Namibia has been in business for over 100 years and currently has more than 800 employees across the 14 regions.
