01/08/2025
Cover: Mmoloki Wealth Protecter Plan
Mmoloki Family Wealth Protector Plan will assist you to minimise the financial impact upon the death of your loved one. Many of us have always understood the responsibilities of taking care of the entire family, including the extended family members. Mmoloki allows cover of up to 27 family members. It also has flexible levels of cover, with a minimum of P10,000 and up to a maximum of P400,000 for the main member.
EXTRA INCOME BENEFIT: Where the initial sum assured for the main member is P20 000 or more, Botswana Life will pay beneficiaries an additional family income benefit of P2 500 per month for 6 months after the death of the main member or the spouse nominated in the policy.
CASH BACK BENEFIT: At the end of every five (5) years, Botswana Life will pay you back 10% of your total premiums that you have paid for the previous five (5) years, provided the policy remains active, even if you have claimed.
ACCIDENTAL DEATH BENEFIT: This benefit pays out the accidental death sum assured in the event that the main life or spouse dies as a result of an accident. This benefit is payable in addition to the life cover for the main Mmoloki benefit. The total benefit payable on death resulting from an accident is double the funeral sum assured. For example, if a Mmoloki sum assured is say BWP20 000 and the policyholder with this Mmoloki extra dies from accidental causes, Botswana Life will pay BWP40 000 as the funeral benefit.
MATERNITY AND RETRENCHMENT PREMIUM HOLIDAY: When a policyholder with a Mmoloki extra is retrenched or is pregnant, the policyholder can choose to suspend paying premiums for a maximum period of 6 months without their policy lapsing. During these 6 months when the premiums are suspended, the policyholder will be insured for one-third of the full benefit on natural death and full benefit for accidental death. To claim this benefit, proof of the policyholder being retrenched or being pregnant must be provided to Botswana Life, for example letter from employer confirming retrenchment or letter from the doctor confirming pregnancy. One-third of the funeral benefit will be paid for natural death causes during the premium holiday.
WAIVER OF PREMIUM: In the event that the policy Premium Payer dies or is permanently and totally disabled, Botswana Life will take over premium payment until the policyholder would have reached age 65 years.
Call/Whatsapp: 76626339 for a quotation