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Botswana Life’s elite product gains traction

patriot by patriot
January 25, 2021
in Business
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Botswana Life’s elite product gains traction
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Botswana Life CEO Ronald Samuels says their new International Investment Product continues to make strides in the market.

He said the product – launched on the 3rd of November last year – was one of the many they offer clients as a leading insurer to ensure that they achieve financial stability.

Unique amongst its features is that the plan is offered as a single International Investment Product, giving Affluent clients access to their investment value at any time. It is distributed through accredited agents, Wealth Managers and contracted brokers.

Moreover, the investment plan is designed to assist Affluent Clients access Offshore Investments through Sanlam Global Investment Solutions.

As it continues to gain traction, the CEO says the self-administered platform offers an array of investment options and he remains confident that with the roping in of Sanlam Group, a major shareholder in BIHL, the product will sell at a high rate and reaching new markets.

“Sanlam Group is currently present in 54 African countries so the partnership with the group in distributing the product is to grow its foot print across the world. There is positivity at the moment with regards to the reception of the BLIIP by the market hence we remain optimistic for more growth out of this solution going forward,” he added.

Ronalds said they continue to give quality services to the policy bearers, adding P1.4 billion in claims and benefits are paid consistently to the clients per year over the past five years.

Additionally, he said the insurance company boost of 10 000 pensioners having investments with Botswana Life whose annual claims paid fee amounting to P554 million annually.

His key role as the new CEO, he said, is to ensure that the Botswana Life grows robustly setting the pace to be leading player in the local insurance and financial industry, adding that this will be also driven effectively by their five-year strategy (2019-2023) which is set to be launched sometime this year.

Ronalds said Botswana Life will continue contributing positively towards the success of the mother company in Botswana Insurance Holdings Limited (BIHL), saying that the significant contribution made by the latter towards the profit of BIHL as noticed in the recently announced financial results for the year ending 2018 cannot be overemphasized at all.

Sanlam Global Marketing Head & Artificial Intelligence Manager, Gavin Meiring, hailed Botswana Life for taking a step forward in diversifying offerings through the international investment product plan.  He confirmed Sanlam’s keenness in partnering with Botswana Life into embracing new steps such as tapping into formulating artificial intelligence products.

Botswana Life Insurance Limited (Botswana Life) is Botswana’s oldest and only home-grown life insurer and is currently managing a file size of over 300,000 policies and has an Annual Recurring Premium of P1 billion.

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  • Dr Sikhulile Moyo named to TIME’s annual TIME100 list of the 100 most influential people in the worldMay 23, 2022
    TIME  has  named  Dr  Sikhulile  Moyo  to  the  2022 TIME100, its annual list of the 100 most influential people in the world. Dr. Moyo is the Research Laboratory Director at the Botswana Harvard AIDS Institute Partnership (BHP), a health […]
  • VACANCIES: BR PropertiesMay 17, 2022
    INTERNSHIP OPPORTUNITY Finance and Administration Closing date: 18th May 2022.
  • BANANA CLUB HOSTS FIRST MAUN EDITIONMay 17, 2022
    The artist-led collective, Banana Emoji Productions in collaboration with the European Union Delegation in Botswana hosted the beloved BANANA CLUB dialogues in Maun on the 14th of May 2022.  The multi-disciplinary creative group is committed to working with artists […]
  • Orange Botswana CEO among Africa’s most inspirational women in leadershipMay 12, 2022
    – Declares House of Rose House of Rose Professional Pte. Ltd (HORP) has announced its 2022 List of Africa’s Most Inspirational Women in Leadership. The list included over 100 inspirational leaders and was curated by House of Rose Professional […]
  • Unions ‘consider’ a Workers PartyMay 12, 2022
    Masisi snubbed trade unions on Workers Day, chose Khawa BOFEPUSU warn Masisi that Khawa could cost him elections Opposition will be top beneficiary of a Workers Party -Analyst BAKANG TIRO editors@thepatriot.co.bw Aggrieved trade union federation, Botswana Federation of Public, […]
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