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Why do you need the Annuity Plan?

An annuity is an insurance product that pays out income, and can be used as part of a retirement strategy. Annuities are a popular choice for investors who want to receive a steady income stream in retirement. An Annuity can turn your retirement savings into income that will last when you’re living in retirement.

How does the Annuity Plan fulfil your needs?

Among other needs, an Annuity plan can give you peace of mind in retirement. Provided planning has been done in advance, a retiree can maintain a standard of living that they used to enjoy while they were employed.

How does the Annuity Plan work?

An annuity plan generally requires you to make an investment in the annuity. The investment then makes payments to you on a future date or series of dates. The income you receive from an annuity can be paid out monthly, quarterly, annually or even in a lump sum payment.

5 Good reasons to invest in this product

  • A product tailored to Batswana’s unique needs through the deep understanding that Bona Life has of the country. 
  • Peace of mind during retirement years by helping maintaining a similar standard of living during your retirement.
  • The annuity plan can become part of your estate in the event of your passing and keep supporting your family members.
  • An annuity can help support other retirement benefits or investments that you have made.
  • Free funeral benefit of P10,000


How do I make amendments to my policy?

Fill out an amendment form supplied by Bona Life, and attach relevant supporting documents based on the nature of the amendment. For example:

  • Addition of a child to policy – birth certificate
  • Change of name- marriage, divorce decree or affidavit
  • Change of bank- new banking details 
How do I get my statement for my investment or savings policy?

Send a request to client service team via the various touchpoints (walk-ins, email, Whatsapp, Facebook, telephone) to prepare a policy valuation. Policy valuation will be shared via your preferred medium.

How do I cede my policy for a loan?

Send a request to cede policy to Bona Life and on confirmation of policy status, you will complete a cession form. Attach the KYC forms and policy documents will be prepared showing the cession. This is what you will take to the bank to complete the cession.

How do I surrender my investment or savings policy?

Submit KYC documents, Complete surrender form, write surrender letter & attach bank statement for account that the money will be deposited to.