FML spreads its wings

annual Superbrand for two consecutive years (2010-2011) and ISO certified recently, FML opened the Kwekwe office last Thursday.
As part of the company’s ongoing corporate social responsibility which also includes health and wellness outreaches under the First Mutual Medical Savings Fund, FML staff carried out a clean-up exercise in the city on the same day, to start events that covered most the day.
The Mayor of Kwekwe, Mr Shadreck Tobaiwa, said the development would benefit residents of the mining town in a big way.
“First Mutual Life has grown through strategic restructuring and meticulous growth initiatives,” said Mr Tobaiwa.
“To date, it is a renowned insurance company in Zimbabwe with diversified products that cover individual and corporate needs through their Medical Savings Fund, the Individual Life Business and Pension Funds,” added Mr Tobaiwa
He said that Kwekwe was a befitting market for such an initiative, adding that the Midlands province at large was a mining community, highly successful and beneficial as the custodians of Zimbabwe’s rich mineral deposits, mainly gold.
FML managing director Ms Ruth Ncube paid tribute to the Kwekwe community for its unwavering support through difficult periods.
The long-standing and mutually beneficial relationship between the organisation and the community was further evidenced by the turnout for the event, which was attended by senior executives from insurance, health and wellness firm.
In another show of the company’s commitment to bringing service and promoting wellness for the people of Midlands, FML acquired more office space for a service centre for Gweru customers.
In addition, a health and wellness outreach was held in Gweru amid pomp and fanfare a day after opening the Kwekwe office.
As with other outreaches of this nature by FML, members of the public received free medical consultation on the day and had their blood pressure, body mass index, sugar level and teeth checked among a host of other health issues checked.
During the event in Gweru, the public received presentations on the various products and services FML offers.
First Mutual Life said it offers a wide range of innovative products, within its three main business units, which include employee benefits, individual life business and the medical savings fund.
FML’s primary business activities are the provision of life assurance, retirement benefits and other long-term financial security products.
Among the products are a flexible funeral product, Funeral Cash Plan, the First Mutual Medical Savings Fund, the University Cover Plan, the Ultimate Plan and the Early Harvest.
FML’s products offer the convenience of a one-stop shop while offering various packages to suit different tastes and classes.
The funeral cash plan offers a dignified burial through provision of a funeral benefit of the client’s choice to make a client’s dream funeral a reality, giving them peace of mind.
The product is a standalone unit linked to funeral product.
It provides the cash benefit on death of the lives covered under the product.
The package options offered include Basic Plan, Premier Plan, Executive Plan and the Elite Plan.
The First Mutual (FML) Medical Savings Fund is a fund which is open to both corporates and individuals and within the fund, each corporate or individual has a separate account (Medical Savings Account) for monthly contributions credited to their MSA account.
Under the Funeral Cash Plan members get a variety of services from a contracted network of medical service providers (doctors, specialists, clinics, hospitals, pharmacies, and medical laboratories) to ensure guaranteed high quality medical attention to members of the funeral plan.
The First Mutual University Cover Fund is an educational fund, allowing parents or guardians to secure their children‘s educational future even in the event of an untimely death.
The firm also offers the First Mutual Preservation Fund for employee benefits.
FML offers a variety of products including the Preservation Fund, a retirement savings plan which caters for individuals that withdraw from a pension fund for a variety of reasons and wish to preserve value in order to draw a deferred pension.
They may also pay additional contributions by way of lump sums or regular contributions.
More importantly, the fund now has group life cover representing a multiple of each member’s holding in the fund 
FML said it would continue working on new products tailor made for clients’ needs, while ploughing back into communities through various corporate social investment initiatives.
The company’s growing branch network currently covers Masvingo, Harare, Bulawayo, Mutare, Gweru, Kadoma and Kwekwe.