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Provider comparison · Updated May 2026

MiWay vs Old Mutual

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

MiWay edges Old Mutual on customer rating.

FeatureMiWayOld Mutual
Customer rating★ 4.4★ 4.3
Average premiumR640/pm
Claims turnaround48h96h
Pricing tierMid-rangeMid-range
Flagship productMiHeroGreenlight Life
Product rangeCar, Home, Business, LifeFuneral, Life, Investments, Short-term

MiWay

Direct, digital, on your side

MiWay is a Sanlam-owned direct insurer that competes on simple, digital-first short-term insurance for individuals and small businesses.

Strengths
  • Quick online quotes
  • Strong digital UX
  • Flexible excess
Trade-offs
  • Smaller branch footprint
  • Mixed customer service feedback

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