Funeral Services Group (FSG) officially launched their partnership with Hollard Life Botswana which aims to create a seamless experience that alleviates the burden on families during their times of grief.
The enhanced funeral insurance products launched offer increased benefits at a minimal increment of premiums.
Speaking at the launch, FSG Head of Sales Tebogo Moribame-Setiko said the enhanced benefits include among other things, an increase in total value of funeral benefits including cash.
She said there is benefit of a premium waiver where, in the event the principal member passes on, their dependents will remain fully covered for a period of 12, 24 or 36 months.
“There is also cash back on all policies without a claim for five years and the age of entry for policy holders has been reduced from 21 years to 18 years. Waiting period for claims has now been reduced from 6 to 3 months for natural death, 12 months for suicide from 24 months and no waiting period for accidental death. Over the past two years, inflation has caused a significant rise in prices of all commodities, goods and services. This has eroded the benefits value of funeral products and services. Therefore FSG and Hollard undertook a holistic review of our products offering so that an affordable and dignified funeral can be afforded to families,” said Moribame-Setiko.
For her part, Hollard Life Botswana Managing Director Tabuya Tau said this is a unique and compassionate endeavour that combines two aspects of life being insurance and funeral service. She said insurance provides financial security and protection to navigate through life’s unexpected challenges.
“Hollard’s purpose is to enable more people to create and secure a better future by achieving exceptional, sustainable and inclusive growth by partnering to deliver the win-win by treating people with care and dignity. Our team of experts collaborated and worked tirelessly to design comprehensive and customised funeral plans that provide peace of mind for all our clients. We believe that this integrated approach will bring a sense of reassurance and convenience to our valued clients, making the process smoother and manageable,” said Tau.
