NDB sets up insurance wing
Friday, March 25, 2022 | 520 Views |
Branching out: Morapedi PIC: KENNEDY RAMOKONE
The products will be offered through partnerships with Botswana Insurance Holdings Limited (BIHL) subsidiaries, Botswana Life and Botswana Insurance Company.
General insurance cover will include agriculture, property and building, and machinery and motor insurance while the life insurance solutions will include life and funeral cover, retirement and investment cover, key person insurance as well as hospital cashback.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...