Product Development

Product development continues to track market development and anticipate market requirements, supported by the broking community and wide-ranging educational campaigns. Botswana Life's product range covers a wide spectrum of the market. All products launched during the review period were well received by intermediaries and the public.

In April 2002, Botswana Life removed the HIV exclusion clause from the contract wording of its entire Mompati product range, which has paid out over P300 million in benefits since its launch in 1994. Two sets of universal life programme rates are now available and customers who elect to have an HIV test enjoy significantly lower premium options. Customers who become HIV positive after taking out the policy are fully covered. In the review period, this model proved most successfull, with an increased number of customers electing the testing option and benefiting from reduced premiums. There is a strong public appreciation for Botswana Life's approach of personal risk management for "life event financial needs".

Botswana Life provides you with a wide choice of insurance packages to cater for your various and changing needs. Each package is tailored to suit your individual requirements. Review packages we offer in this website and feel free to contact us via this website.