Mpepu is a decreasing term assurance product that is ceded to a financial institution as security. The sum assured for Mpepu will reduce over the term of the policy, aligned to the reduction in the loan amount. The policy term must be the same as the term of the mortgage.
The client may choose an option to have their spouse covered in the same policy, and we pay on the first death of either the client or the spouse (Joint Life).
Wth this product, Hollard Life Botswana offers a life and disability cover up to a maximum of P15 million. The client is paid a Cash-back benefit equal to 10% of premiums paid by the client over a 5-year period. These cash back benefits are paid every 5 years if no claims on the policy.
The client may choose to add Critical Illness and Unemployment & Pregnancy Benefit to the Mpepu Bond Cover.
Call (Gaborone): +267 363 3060
Call (Francistown): +267 241 6835
WhatsApp: +267 76 230 009
Email: lifeclaims@hollard.co.bw
Call (Gaborone): +267 363 3060
Call (Francistown): +267 241 6835
Email: customerservice@hollard.co.bw
Monday to Friday: 08:00 - 16:30
