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Single Premium Investment
These are policies where the policy owner/payer has a lump sum to invest. The minimum investment allowed is P 1000.00 and the minimum investment term is five years.
Such investments could be transfers from other pension funds into Botswana Life single premium retirement annuity or from windfall gains into a single premium pure endowment.
Single premium investments can be used as security/collateral when negotiating credit with a bank.
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