Skip to main content
May 15, 2024
Map of Botswana

When it comes to protecting your business, choosing the right insurance provider is essential. There's a distinct advantage to partnering with a local insurance company. Not only does it provide tailored solutions, but it also fosters community growth and development. In this blog, we'll explore the benefits of choosing a local insurance company and how it can positively impact both your business and the community.

Understanding Local Needs

Local insurance companies have a deep understanding of the unique needs and challenges faced by businesses in the country. Unlike larger multinational corporations, local providers are embedded in the community, allowing them to closely interact with businesses and understand their specific requirements. This local knowledge enables insurance companies to offer customized solutions that address the distinct risks and circumstances faced by businesses in Botswana. Whether it's navigating regulatory requirements or understanding local market dynamics, local insurance providers are well-equipped to meet the needs of their clients.

Personalized Service

One of the standout advantages of partnering with a local insurance provider is the personalized service and attention to detail they offer. Unlike large multinational corporations, local insurance companies prioritize building strong relationships within the community. This means that clients receive individualized attention and support, with insurance agents taking the time to understand their unique needs and provide tailored solutions. From guiding clients through the insurance process to offering ongoing support and assistance, local providers go above and beyond to ensure their clients feel valued and supported. This personalized approach fosters trust and loyalty, strengthening the bond between the insurance company and its clients.

Quick and Easy Communication

Working with a local insurance provider offers significant advantages in terms of communication and accessibility. With a local company, clients have the opportunity to visit offices in person, fostering direct communication and quick resolution of issues. This face-to-face interaction allows for a more personalized and efficient service experience, as clients can discuss their needs and concerns directly with insurance agents. Additionally, local providers are often more accessible by phone or email, ensuring that clients can easily reach out for assistance whenever they need it.

Supporting the Local Economy

Partnering with a local insurance company not only benefits your business but also contributes to the growth and development of the community. By supporting local businesses, you are investing in the local economy and helping to create jobs and opportunities for residents. Local insurance companies are often deeply rooted in the community, participating in local events and initiatives, and giving back through charitable contributions. By choosing a local provider, you are helping to build a stronger, more vibrant community for everyone.

Tailored Solutions

Local insurance companies excel at offering tailored solutions that meet the specific needs of businesses in Botswana. Unlike one-size-fits-all policies offered by larger corporations, local providers take the time to understand the unique requirements of each client and develop customized policies accordingly. This includes offering flexible coverage options that can be adjusted to suit changing business needs, as well as providing personalized advice and support throughout the insurance process. With tailored solutions from a local provider, businesses can have peace of mind knowing that their insurance coverage is specifically designed to meet their individual requirements.

Trust and Reliability

Local insurance providers are known for their trustworthiness and reliability. They have a vested interest in the success of businesses in their community and are committed to providing reliable insurance solutions. With a local provider, businesses can trust that their needs will be met with integrity and honesty, building a strong foundation for a long-lasting relationship.

A Parting Note

Partnering with a local insurance company offers numerous benefits, including personalized service, tailored solutions, and support for the local economy. If you're looking for insurance solutions that understand your business's unique needs and contribute to the growth of your community, reach out to Bona Life today. Our local insurance experts are here to help you find the right coverage for your business needs. 

At Bona Life, we take pride in being a local insurance company deeply rooted in the Botswana community. We understand the unique needs and challenges faced by businesses in our country, and we are committed to providing tailored insurance solutions that meet those needs.

As a local provider, we actively support the growth and development of the local economy by investing in the community and participating in initiatives that make a positive impact. When you partner with Bona Life, you're not just getting insurance coverage – you're supporting local businesses and contributing to the prosperity of our community.

F

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.