Flexi Saving Benefit

Premiums are utilised to purchase additional units in the funds of the Investment Portfolio of Botswana Life Insurance Limited.

This product provides an investment vehicle for current policy holders as well as new policy holders, who want to invest for a shorter term. It is a way for the policy holder to enhance cash values of the policy. It is an additional investment vehicle.

No life cover provided. This is an ancillary benefit that can be attached to all active recurring premium Mompati policies except retirement annuities.

The minimum premium is P50 and there is no maximum premium.

At policy maturity or date of death of Life Assured, if earlier the benefit payable, will be the market value of all units purchased, in addition to any benefits due from the main policy.

Premiums and Benefits will be paid in Pula.

At policy maturity, the owner may take the full value as a tax free lump sum, or use the maturity value to purchase a single premium investment policy