Letshego Botswana has partnered with Botswana Life Insurance Limited, to launch their simple and affordable digitised family funeral insurance product, called the “Mosako Funeral Plan”. The policy covers funeral expenses, thereby cushioning policy holders’ families from the typical financial burden associated with providing loved ones with a dignified funeral at the time of bereavement and personal loss.
Mosako Funeral Plan is all-inclusive as it also caters for all individuals who do not earn their salaries through the banks, that is; the unbanked. It also caters for contract and part-time workers as well as entrepreneurs and small business owners. Mosako Funeral Plan will also be extended to formally employed and bankable customers who are of contractual age and meet the underwriting requirements for Funeral Cover by the Insurance Company.
By digitising the application process through the LetsGo Digital Mall platform, Letshego Botswana’s customers can now access LetsGO Insure products and services anytime and benefit from the approval of their insurance applications within 24 hours of their application.
Letshego Botswana’s Bancassurance Manager, Murphy Ntuane said “The Mosako Funeral Plan is the result of our continuing commitment to developing innovative solutions that increase value for our customers in ways that also create a positive impact for communities. Batswana covered under the funeral plan are assured of after-life arrangements that enable them to make appropriate preparations and bespoke services towards burial ceremonies.
Monthly payments for the Mosako Funeral Plan range from P55.00 for the Member and immediate family and up to P77.00 for the Member, their family and 2 parents and 2 parents-in-law, where clients can claim between P3, 000.00 and P15, 000.00 depending on the age and the relation of the assured.
“We understand our customers’ need for a stable support system through this uncertain socio-economic period, as well as the desire for seamless and safe service delivery. Now, as we further leverage the possibilities brought on by increased digitisation, we believe that having Mosako on the LetsGo platform will make the service process more efficient and seamless,” added Joseph Kuaho, Botswana Life Executive Head: Corporate.