Old Mutual promises a shift in public perception of life insurance
Thursday, 23 March, 2017 - 08:15
In its efforts to participate more meaningfully in growing the local economy and improving the lives of Batswana, Old Mutual launched the Old Mutual Botswana Life Insurance Company.
Speaking at the launch event in Gaborone recently, the Managing Director of Old Mutual, Thebe Modikwa says he believes there is a gap in the current life insurance market in Botswana which should be catered for.
In his remarks, Modikwa said the priority for Old Mutual Botswana Life will be to shift public perception of life insurance from a simple funeral policy and short-term goal, to a holistic tool that can be used to preserve wealth and give the next generation a better start in life.
Old Mutual has been in Botswana since 1994 having originally opened its doors as Mutual and Federal, before rebranding in 2014 as Old Mutual Botswana.