Kick starting their 10th year anniversary in Botswana, Liberty Life Botswana this week launched their newest exciting offering of the Cash Back feature.
The feature allows for clients to make claims every 3 years off their Platinum Life and Critical Illness Plans. The cash-back feature will allow new and existing clients to claim back 10% of their premiums for every three (3) claim-free years on these plans.
“The Cash Back plan is a first for the market; as the only other similar product only allows for claims after 15 years,” noted Liberty Life Botswana Head of Business Development- Retail, Kgomotso Disele, when giving an overview of the new offering.
Speaking at the launch, Lulu Rasebotsa the Liberty Life Botswana’s Managing Director said they were excited about the latest addition to the company’s product offering as they continue working towards adding value for clients.
“We believe that through this feature, clients will reap the benefits of trusting Liberty Life Botswana to insure them. Our business is based on innovation to address customer needs. It is common knowledge that paying premiums is not the easiest for a lot of people so why not give an incentive to encourage people to do the right thing,” she said.
The Platinum Life and Critical Illness Plans both guarantee the policy holder and beneficiaries financial freedom in the event of life’s unfortunate incidents such as death.
The Platinum Life Plan offers life cover of up-to P15 million, with no waiting period and competitive premiums, whilst the Critical Life Plan offers up-to P250 000 cover which is paid on first diagnosis of a defined critical illness.
“We are proud of the legacy we are building in Botswana. Our growth over the last 10 years has been a testament of our commitment to our clients, and Batswana as a whole. Through sharing of knowledge, provision of products and services tailor-made to the market, we have successfully showcased how life insurance can become a worthwhile asset in their lives,” concluded Rasebotsa.