FIRST Mutual Life (FML) has launched a land-backed savings product as the insurer moves to offer value-driven savings options in an environment challenged by inflation.
The “Imba Yangu (Indlu Yami/My Home) Savings Plan” offers life cover and real estate ownership.
FML, a subsidiary of the financial services group First Mutual Holdings Limited, offers an array of products through its two main businesses, employee benefits and individual life benefits business.
“Designed to provide Zimbabweans with a practical and empowering path toward home ownership, the Imba Yangu Savings Plan ensures that your savings translate into a tangible asset — a fully serviced residential stand – upon maturity or in the unfortunate event of death,” the company said.
“This innovative plan addresses the aspirations of individuals and families who wish to build wealth, secure their legacy, and protect their loved ones.”
The savings and insurance plan allows one to build up to a residential stand worth at least US$15 000 over a minimum of five years, with monthly premiums starting from US$118,20.
These payments can be reduced through a 10% to 30% deposit or lump sums.
The plan includes comprehensive life cover — with immediate accidental death benefits — and offers a choice at maturity between a tax-free cash payout or a serviced stand (200–400sqm) in prime locations.
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“The Imba Yangu Savings Plan is ideal for individuals and families seeking a secure, disciplined approach to saving that delivers not just financial growth, but a tangible and lasting outcome,” FML said.
“It goes beyond traditional savings plans by offering a unique blend of protection and wealth creation, enabling policyholders to own a home, one of the most fundamental and empowering achievements in life.
“Whether you’re planning for the future of your family or aiming to leave behind a meaningful legacy, this plan provides a structured path toward real asset ownership, even in the face of economic uncertainty.”
