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Provider comparison · Updated May 2026

AVBOB vs Old Mutual

How AVBOB and Old Mutual compare on price, claims, products and rewards across the South African market.

AVBOB edges Old Mutual on customer rating.

FeatureAVBOBOld Mutual
Customer rating★ 4.5★ 4.3
Average premiumR110/pm
Claims turnaround24h96h
Pricing tierBudgetMid-range
Flagship productFamily Funeral PlanGreenlight Life
Product rangeFuneral, Life, Memorial ServicesFuneral, Life, Investments, Short-term

AVBOB

Funeral cover from R30k to R100k

AVBOB is a mutual society and South Africa's largest funeral insurer, providing burial benefits and free funeral services to policyholders since 1918.

Strengths
  • 24-hour funeral payouts
  • Free funeral benefits to policyholders
  • Mutual society — no shareholders
Trade-offs
  • Funeral-focused product range
  • Limited digital self-service

Old Mutual

Africa's oldest financial brand

Founded in 1845, Old Mutual is a pan-African financial services group with deep roots in life, funeral and savings products.

Strengths
  • Trusted 175-year brand
  • Wide product range
  • Funeral & life leader
Trade-offs
  • Slower digital tooling
  • Traditional broker channel