In quest to expand its investment policy footprint, Botswana Life has launched the International Investment Plan which will enable diverse investment options.
Speaking during the official launch, Product Development Manager at Botswana Life Ezweni Tshuma said the product is a more sophisticated way for investing in long term and targets wide range of clients with its flexibility in terms of affordability.
He said the minimum sum of investment is P53, 000.00 and one can go as high as they can afford. The investor is also at liberty of including 10 beneficiaries under the policy.
“The International Investment plan product is a new broad and well-designed, offering more choices to investment packages with consideration to ensuring that the investment of plan holders is safeguarded. Moreover, a plan holder can also invest in multiple currencies and there is online access in a way that each and every plan holder can access account any time,” he said.
Tshuma said a well-trained and accredited group of financial advisors will be rolled out across the country to take the policy to the market and after one takes the policy he or she will be assigned a full time financial advisor.
On issues regarding possible money laundering and scam, Tshuma said a lot of assessment will be taken before one can take the policy. He said this will entail more evidenced documentation of the applicant through checking source of funds and wealth of an individual.
The Acting Head of Affluent Thabiso Nkile said the move by Botswana Life to develop International Investment Plan is to increase the company’s footprint by reaching wide range of clients who will benefit from the investment opportunities.
Nkile said current holders of existing Botswana Life policies can still tap into the new product as well.
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