motorcomprehensive
Motor comprehensive insurance protects you against accidental loss or damage to your vehicle. It insures against the theft, hijacking, windscreen damage, liability to third parties, collision, malicious or accidental damage, fire and explosion, hail, and storm.
Benefits of comprehensive insurance:
- Medical expenses for passengers up to P500,000.00
- Third-party liability
- Cover for loss of keys up to P5,000.00
- Towing and storage cover up to P5000
- Windscreen and glass damage
- Cover begins once you have completed the proposal form and paid premium
- You can purchase motor insurance regardless of whether your vehicle was financed by Absa or not
- Vehicle and mortgage loan retrenchment ensures that your loan installments are taken care of if you lose your job due to retrenchment (this cover pays up to 12 months’ worth of installments)
What to bring when you apply:
- Driver’s license
- Registration book
- Purchase invoice or valuation report
homeownersinsurance
Benefits of home owner's insurance:
Homeowners insurance cover your buildings and all permanent fixtures against accidental damage arising from fire, lightening, floods, and hail, malicious damage, theft, or attempted theft.
- Property owners’ liability of P1 million
- Rental up to P25,000 while house is being repaired
- Accidental breakage of sanitary ware
- Cover begins as soon as your property loan is approved for outright purchases and upon completion of the structure for building loans
- Special discounted rates to Absa Bank Botswana rewards partners
- You have the option to continue with cover once the loan has been paid off
- Vehicle and mortgage loan retrenchment ensures that your loan installments are taken care of if you lose your job due to retrenchment (this cover pays up to 12 months’ worth of installments)
Benefits of household contents insurance:
Household contents insurance cover all your furniture, appliances and other personal effects against theft and accidental damage.
- Free workers compensation cover for 2 employees – ideally domestic worker and gardener
- Free tenants liability cover up to P1,000,000.00
- Cover begins as soon as your premium is paid
- Special discounted rates to Absa Bank Botswana rewards partners
Documents required
- Identity document
- Property valuation report (for home owner's insurance)
- Inventory of household contents (for household contents insurance)
How to make a claim
Botswana Insurance Company (BIC) is our underwriter for this cover. One call to our claims department will put you in touch with our specialised claims staff that will provide you with all the advice and claims assistance that you need. In the event of an incident which may result in a claim under this policy you are required to:
- Notify BIC by telephone as soon as possible of the event and within 30 (thirty) days of the happening of the event deliver to us all relevant information and details of the claim in writing together with all documentation supporting the claim
- Notify the police of the event within 24 (twenty-four) hours and advise us of the police station and police reference number
- Immediately send us, preferably by email or express mail, any documentation, processes or correspondence you may receive in connection with the event
- Under no circumstances may you instruct your own attorney or admit liability or make any statements, offers, promises or payment to or negotiate or settle your claim with any person
- Advise us of any other insurance in force which covers the same event, in which case we will be liable only for our ratable proportion of the loss
- Obtain our written approval before giving any instruction for repairs, except for emergency repairs not exceeding the amount of P2 500
mylife
Benefits of Botshelo Life Cover for you and your family:
- Choose the cover that is right for you:
Botshelo Whole Life Cover pays a pre-determined sum upon death or diagnosis of a critical illness.
Botshelo Term Life Cover is for a chosen limited term against death or the diagnosis of a critical illness. - Botshelo Loan Protection gives you personal loan protection, mortgage protection, and vehicle and asset finance protection.
- You, the life insured, or your spouse may make the monthly payments.
- You can get up to P6 million cover with medical questions and HIV tests only.
- Maximum cover of up to P10 milllion on death with full medical examination.
- Receive 20% cash back every 5 years.
Benefits of Kgomotso Funeral Plan for you and your family:
- Get easy access to funds when you need it the most.
- Pays a lump sum in the event of the death of the policyholder and insured lives (the policyholder, spouse, children, parents and parents-in- law can all be covered. The plan covers a maximum of five children, four parents/parents-in-law, eight extended family members, two house helpers and two farm helpers).
- For a little extra premium, your family will get P1 000 every month for three months after the death of the policyholder.
- Add a tombstone cover that pays P5 000 upon death of the life insured.
- Select an optional benefit and premium increase which escalates your cover level by 5% each year
- The plan continues for life and does not cease at a certain age for all lives except children.
- If the policyholder dies accidentally, the plan will pay the beneficiary double the amount of the cover.
- When you reach the age of 65 and the plan has been active for ten years or more, you will not have to pay for the plan anymore, you will be covered for free.After every three years, you will get half of the first year's premiums in cash paid directly to your account or by cheque.
- The spouse will have the option to become the new policy owner within 90 days of the death of the policyholder.
Benefits of Peo Investment Plan:
This is an investment plan that allows you to save for any future goal over time and will pay you or your loved ones a specified benefit once your savings goal is achieved. With the Peo Investment Plan your future is within reach, you can easily save for your dream wedding, holiday, home enhancement or your child’s education.
- Save from P50,000 up to P750,000.
- Partially withdraw money from your plan for unanticipated emergencies.
- Saving terms range from 5 to 18 years.
- Receive the specified payout at maturity.
- Increase your cover annually.
- Choose benefit on untimely death or disability before maturity of the plan (a lump benefit or a premium waiver benefit).
- You will pay either monthly, quarterly, half-yearly or yearly premiums until claim or maturity.
- You can choose to increase your premium annually by 5% or 10%, which in turn increases your cover by 70% of the premium escalation.
- All premiums must be paid by debit order.
mypersonalpossessions
Our Personal All Risks insurance covers your mobile personal effects like jewelry, handbags, sunglasses phones, tablets laptops, and cameras against accidental damage and theft anywhere in the world.
Benefits of comprehensive insurance:
- Cover begins as soon as your premium is paid for the requested cover
- You want peace of mind knowing that you can quickly and easily replace the possessions you carry with you if stolen, lost or damaged
- You want cover for items no matter where you are in the world
- You also get discounted rates at Absa rewards partners
What to bring when you apply:
- Inventory of items to be covered
- Identify document
How to make a claim
Botswana Insurance Company (BIC) is our underwriter for this cover. One call to our claims department will put you in touch with our specialised claims staff that will provide you with all the advice and claims assistance that you need. In the event of an incident which may result in a claim under this policy you are required to:
- Notify BIC by telephone as soon as possible of the event and within 30 (thirty) days of the happening of the event deliver to us all relevant information and details of the claim in writing together with all documentation supporting the claim
- Notify the police of the event within 24 (twenty-four) hours and advise us of the police station and police reference number
- Immediately send us, preferably by email or express mail, any documentation, processes or correspondence you may receive in connection with the event
- Under no circumstances may you instruct your own attorney or admit liability or make any statements, offers, promises or payment to or negotiate or settle your claim with any person
- Advise us of any other insurance in force which covers the same event, in which case we will be liable only for our ratable proportion of the loss
- Obtain our written approval before giving any instruction for repairs, except for emergency repairs not exceeding the amount of P2 500
retrenchementinsurance
How does it work
Our retrenchment insurance can help you repay your personal loan, vehicle loan and mortgage in the event that you are retrenched by your employer.
What you get
- Personal Loan Retrenchment Insurance: The policy will pay off the outstanding balance on your personal loan if you are made redundant.
- Vehicle Loan Retrenchment Insurance: The policy will pay up to 12 months’ repayments to a maximum of P120,000.
- Mortgage Loan Retrenchment Insurance: The policy will pay up to 12 months’ repayments to a maximum of P192.000
What to bring when you apply
- A certified copy of Omang or passport and work permit (non-citizens)
- Your copy of Omang (citizens)
- Proof of address (telephone bill, electricity bill, water bill, lease agreement)
Are you interested in applying for an insurance solution?
Fill out the form below and we will get in touch with you to get started.
Need more help?
Call us on:
+2673159575 (Contact centre)
0800 600 444 (BTC Toll Free)
150 (Mascom Toll Free)
Email us:
Botswana.CustomerService@absa.africa
