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Provider comparison · Updated May 2026

OUTsurance vs Old Mutual

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

OUTsurance edges Old Mutual on customer rating.

FeatureOUTsuranceOld Mutual
Customer rating★ 4.8★ 4.3
Average premiumR720/pm
Claims turnaround24h96h
Pricing tierMid-rangeMid-range
Flagship productOUTbonusGreenlight Life
Product rangeCar, Home, Business, LifeFuneral, Life, Investments, Short-term

OUTsurance

You always get something OUT

Founded in 1998, OUTsurance is one of South Africa's most-recognised short-term insurers, famous for its OUTbonus and call-centre service model.

Strengths
  • 24-hour claims turnaround
  • OUTbonus cash-back after 3 claim-free years
  • Strong call-centre
Trade-offs
  • Fixed R4,000 excess on some products
  • Limited online 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