Botswana Telecommunications Corporation Limited (BTC) in partnership with Hollard Life have launched a new and exciting product called Karabo Funeral Plan.
Speaking at the partnership launch of Karabo Funeral Plan, the BTC Managing Director Anthony Masunga indicated that BTC Smega and Hollard Botswana are the first in the market with such a product, that is aimed at bringing affordable funeral cover to everyone both citizens and non-citizens.
He also said BTC continues to establish strategic partnerships to its Smega platform to bring financial inclusion and bring digital solutions closer to every Motswana.
“We have on board key services and suppliers such as Water Utilities for payment of water bills, Botswana Power Corporation for purchasing electricity, FSG Botswana for payment of funeral premiums, Botswana Life for payment of Mosako premiums and others. BTC’s expansive network coverage ensures inclusivity and that everyone, regardless of their location may onboard into the Karabo Funeral Plan, which rides on the platform for self-service onboarding,” he added
For her part, Hollard Life Managing Director Tabuya Tau emphasised that the plan is meant to be affordable so that people can bury their loved ones with dignity.
She said it is their aim as Hollard, to ensure that everyone is given an equal and fair opportunity to access financial stability for themselves and their loved ones.
“Karabo Funeral Plan redefines compassion by offering dignified funeral coverage for all. We came up with a product that is simple, convenient and designed to suit everyone’s pocket. Through the use of Smega for payment of the low funeral premiums, the unbanked market which is often overlooked by the financial industry, will give individuals and families who do not have access to traditional banking services, a chance to have this insurance,” said Tau
The funeral cover premium payment starts at P10.00 for the Karabo Lite and Diaspora package for payment of P10, 000, P15.00 for Karabo Standard which carries a pay out of P15,000, P25.00 for Karabo Basic which pays out P20, 000 while users may pay P25.00 under the Karabo Premium and Karabo Diaspora package pays a benefit cover of P25, 000.