Botswana Life Launches Plan To Assist Affluent Clients

Pauline Dikuelo | Monday November 5, 2018 15:15

The international investment product is targeted at High Net Worth clients. The policyholder or client would be able to view the transactions in their investment account over the Internet thus giving access their whole investment value at any time.

According to Botswana Life, the holder may be someone with legal entity such as a company or trust, also allowing joint accounts with a maximum of 10 beneficiaries including the main member being appointed.

Speaking during the launch recently, Botswana Life Relationship Manager Thabiso Nkile, said the investment product will be distributed through Botswana Life’s Affluent distribution channels by accredited financial advisors and contracted brokers, which have been specially designed to assist Botswana Life’s Affluent Clients.

“Access will be offered as a single premium International Investment Products. The client can access their whole investment value at any time and will also be able to view the transactions in their investment account over the Internet. Each investor will be allocated a Login name and access password that will allow them to view their investments,” he said.

Nkile said this would enable clients to observe their investment or portfolio as and when they need. In addition, he noted that the client or policyholder can cancel the product within 90 days of receipt of the policy document by the owner.

“The nature of our economic climate, and in many cases, our lack of savings and investment culture, means we live in an environment where consumers, though discerning, need to see proven, demonstrable financial services partners they can trust,” he said.On his part Botswana Life Product Development Manager, Ezweni Tshuma said the latest offering demonstrates their commitment to creating a world where everyone is financially secure through long-term insurance solutions for individuals and groups. “As Botswana Life, we pride ourselves in developing solutions that make a positive difference in the lives of our customers,” The Company is currently managing a file size of over 290,000 policies and an Annual Recurring Premium of P1billion. Its estimated market share of over 66% has been built over time through hard work, resilience and a keen interest in sustainability.