What It Covers
Funeral expenses for up to 27 family members
Waiver of premium in case of death or permanent disability of the premium payer
Cash-back benefit every five years
Additional family income benefit for beneficiaries
Lay The Groundwork For Tomorrow, Today
Mmoloki Family Wealth Protector Plan
The Mmoloki Family Wealth Protector Plan is designed to minimize the financial impact of losing a loved one by providing comprehensive coverage for up to 27 family members. With flexible cover options ranging from P10,000 to P400,000, this plan offers a range of built-in benefits, including premium waivers, cash-back rewards, and family income benefits.
FAQ's
What does the Mmoloki Family Wealth Protector Plan include?
The plan covers funeral expenses, provides a premium waiver and cash-back benefit, and offers additional family income support for beneficiaries.
What is the cash-back benefit?
You receive 10% of your total premiums paid every five years, provided the policy remains active.
Can I transfer ownership of the policy?
Yes, ownership can be transferred to another adult covered under the policy between ages 50 and 65, with no change in benefits or premiums.
How does the family income benefit work?
If the main member’s sum assured is P20,000 or more, Botswana Life will pay an additional P2,500 per month for six months after the death of the main member or spouse.
What happens if my policy lapses?
Lapsed policies can be reinstated within 12 months from the lapse date, ensuring continued coverage.
Benefits of the Cover
- Extensive coverage for up to 27 family members
- Premium waiver and cash-back benefits for long-term financial security
- Family income benefit for added financial support after a loss
- Flexible premium and benefit escalation options