This product is designed to assure the life of the policyholder in the event of death whenever that happens.
There is an option to choose a return of premium benefit. Where this option is selected, upon survival of the policyholder to the 15th policy anniversary, Botswana Life will return the initial life cover premiums that are paid over the 15 years and increased by 20%.
This product comes with additional benefits such as capital disability benefit, dread disease benefit, accidental death benefit, waiver of premium on disability, family commuter , family funeral beneft as well as Emergency Medical Evacuation benefit. Premium for additional benefits will not form part of the return of premium benefit.
• The policyholder has an option to cover his/ her spouse under the same policy.
• The minimum sum assured for this policy is P100 000 while the maximum sum assured is P100 million.
• There is no waiting period
• Standard Botswana Life underwriting required.
The policyholder may choose to pay premiums for whole of life or stop paying premiums at the age of 65 years, 70 years or 75 years and life cover continues for life. Premiums increase each year the policy is active and there are options to select annual cover increases.
This allows the policyholder a chance to plan their finances accordingly, while ensuring they’re protected against inflation.
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