Monkgogi funeral plan will assist to cover the funeral costs of you and your loved ones, ensuring your love and protection continue even after you’re gone. Many of us have always understood the responsibilities of taking care of the entire family, including the extended family member. Monkgogi allows cover of up to 23 family members. It also has flexible funeral covers, with a minimum of P10,000 and up to a maximum of P100,000 for the main member and their spouse and four optional benefits to select from. There a 3 packages that with embedded benefits to suit different client needs. The packages are Monkgogi Bronze, Monkgogi Silver and Monkgogi Gold.
The benefits that are embedded in the 3 packages are as follows:
- Funeral cover which is optional for principal life assured, spouse, children, extended family members and parents and parents in law. Maximum cover of P400,000 for the principal life assured across all policies.
- Stillborn cover that starts from P5,000 and includes cover escalations.
- Premium Holiday on Maternity: If the principal life or their spouse falls pregnant, they can take a break from paying premiums for up to 3 months without losing coverage and without any lapses.
- Double Accidental Cover: This allows a covered live to receive twice the amount of their funeral cover in the event that their death is caused by an accident.
- Family Income Cover: Upon the loss of the principal life assured and/or spouse, Botswana Life will pay P2,500 monthly for six (6) months to the surviving insured lives.
- Waiver on Death/ Disability up to Age 65: In the event of death or disability of the principal life, loved ones will remain covered without paying any premiums up until when the principal life would have turned 65.
Monkgogi has the following optional benefits:
- Upsize cover: This benefit will add an additional cover of P2,500 for just P10.
- January Premium Holiday: Botswana Life will refund premiums paid in January while you keep your life cover.
- 120% Return of Premium: After 15 years of actively paying premiums, you get 120% back of all your initial premiums for the lives covered on the policy.
- Premium Waiver from Age 65: To ensure a stress-free retirement, you stop paying premiums from age 65 until death, while your funeral cover and that of your loved ones still continues.
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