Isago Investment Plan
Botswana Life has introduced yet another exciting offering to its clientele base, Isago Investement Plan. The policy aims to help our policyholders save for planned events, for example children’s education, a dream wedding, a dream holiday, starting a business etc. On maturity the client can take all the investment value. Partial withdrawal of the investment is allowed in case of an emergency that requires cash that may be locked in the Isago investment.
There are options to choose level premiums, premiums escalating at 5% and 10% as well as any ad hoc increases. If the Isago policyholder passes on before policy maturity, Botswana Life pays the greater of amount of investments made to date and investment value at the time of death. Isago policyholders are empowered to change their investment allocations depending on their financial sophistication and understanding of the market performance. While our competitors charge a fee for each and every investment switch, with Isago the policyholder may switch investments 3 times in a year at no cost to the client (“Mahala!”)
While our competitors demand up to 5% as an initial investment fee, with Isago there is no initial fee and 100% of the investment is invested. This ensures that the client’s investment grows at a faster rate than it would when invested with our competitors. Isago policyholders can choose between local investment funds and offshore investment funds. With offshore investments, the policyholder may benefit from investment returns earned in hard currency as well as from currency movements.