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BSB Insurance Products

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Personal Insurance Products

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Comprehensive

This policy provides cover in the event your motor vehicle has been stolen, damaged by fire or any act of nature, or for any accidental damage, hijacking and damage to third parties’ vehicles or their property.

Third Party Theft

Cover responds to accidental damage caused to other parties’ vehicle. Your vehicle is only covered for theft or fire, not bodily damage. Therefore, Third Party, Fire and Theft is generally slightly cheaper than Comprehensive Cover. Under this Policy, the client is their own insurer in the event of bodily damage to their own vehicle.

If your car is inexpensive to repair, or you don’t drive very often or for long periods at a time, Third Party, Fire and Theft motor Insurance might be more suitable.

Third Party

Third Party Only covers only the vehicles or properties of Third Parties that the insured may become responsible for damages. The insured’s own damage is not covered completely and therefore generally affordable cover.

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Homeowners Policy insures client’s residential property including outbuildings, swimming pools etc against loss, destruction or damage caused by insured perils such as fire, explosion, or earthquakes.

The property is insured at the insurance replacement value (IRV).

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Household contents that the client owns or for which they are responsible while in the dwelling against insured perils such as theft, fire, lightning, storm, flood, etc.

If an insured event occurs, the Policy will pay for or may choose to repair or replace it. Household Contents are insured at current replacement value. If the property insured at the time of loss or damage is of greater value than the sum insured, the client will be their own insurer for the difference and will bear a rateable proportion of the loss or damage.

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The cover is designed to cover movable accessories or personal effects that can be worn or carried by a person. These include handbag, wallet, sunglasses, jewellery, portable electronic devices (laptop, cellphones, camera), clothes and similar against accidental loss or damage, theft and/or fire whilst in or away from the client’s home.

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Commercial Insurance Products

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Policy responds to damage to the whole or part of the property, buildings or structures insured owned by the client or for which the client is responsible for, against perils such as fire, lightning or thunderbolt, explosion, or other natural causes.

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Covers commercial and community buildings like offices and churches against perils such as fire, lightning, explosion, and other insured perils. Sporting and recreational structures, driveways or parking areas are also covered.

The Policy has other benefits such as loss of rental & legal costs indemnity as a result of insured event happening.

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Cover protects the insured business by settling the operating expenses including wages in the event of a loss as a result of an insured event happening such as fire, lightning, explosion or similar. 

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Covers the insured’s business against damages which it may become liable to pay like accidental death or bodily injury to or illness of any person or accidental loss of or physical damage to property which occurred in the course of or in connection with the business.

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The Policy respond to accidental bodily injury or death resulting from an accident, cover is 24/7 wherever the insured is. The policy is taken by the employer for its employees and at times termed top-up to Workmen’s Compensation.

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Cover respond to material damage to electronic equipment such as, computers, scanners, printers, and licensed software against loss of or damage as a result of theft, natural calamities, malicious damage, negligence, electrical malfunctions at the insured’s premises or while in transit loading or unloading, or whilst temporarily removed from the insured premises.

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Responds to loss of or damage to the insured’s portable properties that the insured usually take away from where the business operates 24/7 anywhere in the world, these include office laptops, cameras, ipads, cellphones etc.

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Policy respond for loss of luggage, travel delays and medical and related expenses within Botswana or anywhere in the world. Travel Insurance provides the client and their family aid and assistance when far away from home. Travel Insurance is a must have when travelling, be it for business or pleasure.

Travel insurance covers medical expenses if the client get sick or injured while travelling, as well as cover essential expenses incurred due to travel delay and travel missed connections, business equipment including laptops and mobile phones.

Travel Policy provides clients with access to a 24/7 international toll-free number to call for any assistance.

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This is a statutory policy that provides cover for employees of the insured in the event of bodily injury, a scheduled disease, or any disease which results in disablement or death whilst at work during the employment term.

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Policy respond to loss of or damage to any negotiable instruments, including, cash, cheques, money orders, credit card vouchers, as well as postage and airtime vouchers contained in a safe, strong room or in transit to or from the bank.

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Policy protects the insured business against loss of money or other property belonging to the business or for which the insured is responsible for, stolen by an insured employee.

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Life Cover Insurance Products

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Cover is intended to assure the life of the client in the event of death whenever that happens.

Normally the product comes with an option to add rider benefits such as capital disability benefit, dread disease benefit, accidental death benefit, waiver of premium on disability.

The client may opt to cover his/her spouse under the same policy. There is no waiting period once the insurer’s underwriting requirements have been met.

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The Policy covers the insured in the event of death within the term of the policy. Generally, the Policy comes with an option to add rider benefits such as capital disability benefit, critical illness benefit, accidental death benefit, waiver of premium on disability.

The Policy has medical underwriting and there is no waiting period

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The Policy is used as a cession to the financial institution that has provided a mortgage loan to the insured. The Policy respond in the event of death or disability within the terms of the policy which coincides with the term of the loan provided by the financial institution licensed to offer such loans.               

There is no waiting period and no medical underwriting upto a certain Sum Insured.

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The Policy is ceded to the financial institution that has provided a personal or vehicle finance loan to the insured. The Policy covers the client and pays the benefits in the event of death or disability within the term of the policy. The term of the policy should coincide with the term of the loan provided by the financial institution licensed to offer such loans.

The Policy may have an option to add rider benefits such as capital disability benefit, critical illness benefit, accidental death benefit, waiver of premium on disability.

The Policy has no waiting period and there is no medical underwriting.

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A Funeral Policy that covers a client against death, cover ranges from P15, 000.00 to P60, 000.00.

Parents are covered upto P30, 000.00 whilst Extended Family Members are covered upto P50, 000.00.

Waiting period is 6 months for all members.

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Business Insurance Products

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. In suscipit vestibulum mi, ac venenatis purus rhoncus sed. Mauris molestie massa nec erat convallis fermentum. Aenean mattis tristique est, sed semper risus iaculis in. Phasellus eros metus, iaculis ut lacus vitae, hendrerit congue orci. Pellentesque tincidunt a ante id consequat.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. In suscipit vestibulum mi, ac venenatis purus rhoncus sed. Mauris molestie massa nec erat convallis fermentum. Aenean mattis tristique est, sed semper risus iaculis in. Phasellus eros metus, iaculis ut lacus vitae, hendrerit congue orci. Pellentesque tincidunt a ante id consequat.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. In suscipit vestibulum mi, ac venenatis purus rhoncus sed. Mauris molestie massa nec erat convallis fermentum. Aenean mattis tristique est, sed semper risus iaculis in. Phasellus eros metus, iaculis ut lacus vitae, hendrerit congue orci. Pellentesque tincidunt a ante id consequat.

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