Formed in 1975, Botswana Life Insurance Limited (BLIL) has a proud 43-year history as Botswana’s oldest and only home-grown life insurer. As an icon in Botswana, the Company has become synonymous with life insurance in the country.
Its estimated market share of over 75% has been built over time through hard work, resilience and a keen interest in sustainability. The Company is currently managing a file size of over 300,000 policies and an Annual Recurring Premium of P1billion. It is proud of its contribution towards employment creation, currently employing over 600 direct agents, 500 sub-agents (employed by brokers) and 260 employees. With over 7,000 people receiving their monthly pensions from Botswana Life, the Company is definitely amongst the largest, if not the leading payer, of occupational pension benefits in Botswana.
Contribution to the Lives of Individuals
The Company’s mission of growing and protecting the wealth of all its stakeholders is fulfilled through the provision of long-term insurance solutions for individuals and groups, such as life insurance, retirement annuities and investment policies. In 2013 and 2014, Botswana Life paid claims and benefits in excess of P2billion. In the five (5) years before that, the figure was a cumulative P3.5billion. This is money back into the hands of Batswana; giving testimony to how committed the Company is to its mission.
Botswana Life’s unique position as a subsidiary of Botswana Stock Exchange-listed Botswana Insurance Holdings Limited (BIHL) enables Batswana to buy the BIHL shares and take indirect ownership of the business; further enabling the company to fulfil its mission of creating wealth for Batswana.
Contribution to the Economy
The significance of Botswana Life in the socio-economic prosperity of Botswana is undisputable. The Company’s investment in Botswana’s economy over the last 40 years is proportionate with its size and success, and is demonstrated through various projects including property developments, the holding of government and corporate bonds which exceed P5billion.The bonds represent loans to businesses in Botswana, which are facilitating the growth of private businesses as well as creation of jobs, infrastructure development and many other economic activities.
At Botswana Life we provide financial solutions that make a positive difference in the lives of our customers and employees.
To create a world where everyone is financially secure
Caring – responsible, integrity, respect
Committed – passion, customer-focused, accountability
Connected –authentic, principled, relevant
Courageous –strength, openness, excellence
At Botswana Life we provide the following services:
- Life insurance
- Investment policies
- Funeral cover
- Group Life Assurance
- Group Funeral Cover
- Dread Disease Cover
- Temporary Total Disability (TTD)
- Credit Life
- Total Permanent Health Insurance/Income Continuation Benefit
- Business Liability Protection
- Buy and Sell Insurance Solution
- Key Person Insurance Solution