Details

  • The policy will pay a lump sum benefit in the event of non-accident death or double lump sum benefit on accidental death of the policyholder, spouse and up to 6 nominated children.
  • It will also pay a monthly benefit for a period of 12 months in the event of the policyholder's death.
  • The product also has an option to cover a maximum of 4 parents or parents-in-law and 10 extended family members.
  • Minimum & maximum entry age:

Category Member Minimum At Next Birthday Maximum At Next Birthday
Life Assured 18 55
Spouse 18 55
Children 0 20
Extended Family 0 85
Parents/Parents-in-law 22 85

Features

  • The Solution requires no medical underwriting.
  • The policy runs for the whole of life.
  • No waiting period on accidental death.

Benefits

  • Lump sum benefit up to P55 000 for natural death or double lump sum benefit on accidental death of policyholder, spouse and up to 6 nominated children.
  • Pays a maximum monthly annuity benefit of P4 000 for 12 months.
  • The Solution has a cash back benefit that pays a benefit every 4 years equal to 6 month's premiums.
  • Premiums are waived from the policy anniversary following the 65th birthday of the policyholder.

Limitations

  • Eligibility reserved for people earning P4 000 and above.
  • 90 day cooling off period.
  • The policy has a six months waiting period.
  • Waiting period will also apply on reinstatement.
  • Waiting period applies from 1st day of the month following the month of premium collection.
  • Double lump sum benefit on accidental death does not apply on the option of 4 parents or parents-in-law and 10 extended family members.
  • Failure to pay the agreed premium will result in the termination of the policy in accordance with Botswana Life lapse terms and conditions.

Exclusions

  • Suicide or any attempt thereat or any intentionally self-inflicted injury should this occur with 24 months from commencement date.
  • War, invasion, acts of foreign enemy, hostilities, rebellion, revolution, insurrection or military or usurped power, or by ionizing radiations or contamination by radioactivity from any nuclear fuel or waste.
  • Intentional contravention of any criminal law, whether legislative or at common-law, by the Insured, or by anyone acting on behalf of the Insured or with the Insured's permission or knowledge or by any person claiming any benefit under the policy.

Terms and Conditions

Sum Assured

Specific pricing for the below benefit options are available on the application form.
The relevant multiple will be applied for frequency other than monthly.

Silver

Policyholder P33,000 plus P1,500 monthly benefit for 12 months
Spouse P33,000
Children
(ages 16 -21)
P16,500
Children
(younger than 16)
P 11,000
Optional:
Extended Family/
Parents
P 8,250

Gold

Policyholder P44,000 plus P1,750 monthly benefit for 12 months
Spouse P44,000
Children
(ages 16 -21)
P22,000
Children
(younger than 16)
P 16,500
Optional:Optional:
Extended Family/
Parents
P 11,000

Platinum

Policyholder P55,000 plus P 4,000 monthly benefit for 12 months
Spouse P55,000
Children
(ages 16 -21)
P22,000
Children
(younger than 16)
P 16,500
Optional:Optional:
Extended Family/
Parents
P 13,750

Note: This document provides a summary of the key features applicable to this product, the full terms and conditions will be contained in the policy document.