Barclays launches new insurance product

Briefing the media last week, product manager, Modise Semanthane, said Lefika is tailor made to suit customer needs. "Our customers were complaining that the current products are not serving their needs, so we came up with this product after the survey findings," he said.

He explained that in the research, customers expressed interest in immediate benefit payment, no medical tests, and provision for estate, retirement benefit and security against loans, all which are currently not offered in the insurance market. The products are underwritten by Absa and brokered by AON Botswana.