15/09/2026
The Isago Multi-Fund Discretionary Savings Plan is a flexible investment and savings policy offered by Botswana Life. It is designed for individuals who want to save for specific milestones—like a child's education, a wedding, or starting a business—while maintaining access to their money if an emergency arises.
Here is a breakdown of the key features and benefits as of 2026:
1. Key Features
Minimum Premium: P500.00per month.
Policy Term: A minimum period of 10 years.
Premium Flexibility: You can choose level premiums or have them increase by 5% or 10% annually to keep up with inflation.
Investment Choice: You can allocate your premiums across various local and offshore funds (managed by BIFM) based on your risk appetite (Conservative, Moderate, or Aggressive).
2. Core Benefits
Partial Withdrawals: Unlike many traditional life policies, Isago allows you to make partial withdrawals before the maturity date if you need cash for an emergency.
No Initial Fees: 100% of your premium is invested from day one, with no initial investment fee.
Free Fund Switching: You can switch your investment allocation between different funds up to 3 times a year for free.
Waiver of Premium: If the policyholder becomes disabled before age 70 (or the end of the term), Botswana Life will take over the premium payments to ensure the goal is still met.
3. Payout Conditions
On Maturity: You receive the full investment value, which you can take as a lump sum or reinvest.
On Death: If the policyholder passes away before maturity, the company pays the greater of the total investments made (minus withdrawals) or the current market value, plus any optional funeral benefits.
4. Optional Add-ons
Funeral Benefit: You can add a funeral cover ranging from P15,000 to P25,000 for the policyholder.
Comparison: Isago vs. Isago Educator
While both are similar, the Isago Educator is specifically branded for school fees. It invests primarily in the Educator Fund and focuses on allowing withdrawals specifically aligned with school terms.
Note: Investment returns are not guaranteed and depend on market performance.
