This product is designed to insure the life of the policyholder in the event of death within the term of the policy.
There is an option to select a return of premium benefit. Where this option is selected, upon survival of the policyholder to the 15th policy anniversary and the policy has not been canceled or lapsed, Botswana Life will return the life premiums paid up to that date, increased by 20%.
This product comes with an option to add rider benefits such as capital disability benefit, critical illness benefit, accidental death benefit, waiver of premium on disability, family commuter as well as Thuso 992 benefit. Premium for rider benefits will not form part of the return of premium benefit.
- The minimum sum assured for this policy is P100 000 while the maximum sum assured is P100 million.
- Standard Botswana Life medical and financial underwriting is required.
- There is no waiting period.
This policy will be terminated at the age of 70 years or upon reaching the end of the selected policy term whichever is earlier.