Details

  • This is a level term assurance solution which provides affordable life cover.
  • Protects family against loss of income due to the death of a breadwinner.
  • This solution can be taken either as:
    • Single life or
    • Joint life
  • Policy Term:
    • Minimum term of 5 years
    • Maximum term of 30 years
    • Minimum age at entry: 21 years
    • Maximum age at entry: 65 years
    • Termination age at 70 years

Features

  • There is no minimum sum assured.
  • The minimum total premium is P80.
  • A policy fee of P5 is included.
  • Normal medical underwriting is a requirement at application of this policy.
  • The premiums can be paid either monthly or annually.

Benefits

  • Affordable level recurring premium.
  • Joint life option available.
  • Benefit paid for death occurring within the term of the policy
  • Can be used as security for a loan
  • The policy may be ceded to Standard Chartered Bank Botswana and the cession registered with Botswana Life Insurance Limited.

Limitations

  • Cover on capital disability benefit cannot exceed P1 million or 7.5 times the insured's taxable income, whichever is less.
  • The policy has a 12 months waiting period.
  • Sum assured on capital disability cannot exceed the basic cover.
  • Existing capital disability exclusions applies.

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.

Premium Rates & Cover Levels

Quotation premium rates and level of cover will be computerised and determined depending on your age, medical condition and affordability.

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