Liberty unveils new life covers

Liberty Life Botswana has introduced new platinum life cover and simple life plan, which are aimed at giving customers financial freedom and meaningful life solutions. Launching the products early this week Managing Director Lulu Rasebotsa described them as a welcome relief to lots of households. 

She said their customer centric business exists to change people’s realities and make their clients’ financial freedom possible by finding the best solutions that will best suit them. Platinum life cover offers policyholders up to P15 million cover for only P150 per month. It also offers 100 percent pay out on listed critical illnesses, no matter the severity. The simple life plan is the first of its kind in the local market and offers policyholders up to P1 million with no medical underwriting. Policy holders are not subjected to medical questions/checks, they can also be covered for up to 12 months should they travel out of Botswana. Professor Stephen Jurisich - a guest speaker at the launch explained that the insurance industry exists to protect clients against risk and plan for sensible accumulation of wealth against various risks.

 He said it is always advisable to have insurance when one is still young as the older one grows the more risk of being charged extra rates, which will result in failure to guard against one’s lifetime wealth. Jurisich who is also an Industry Expert in product development and risk management in the life and health insurance pointed out that there are plenty of risks. 

Daniel Matlhagela, the products developer explained that the two products offer customers the flexibility of creating a package suitable for their needs.