Cash Back Life Insurance
-
What is Cash Back
With Botshelo – Whole of Life Cover and Botshelo – Term Life Cover there is an optional cash back. This means if the policyholder selects this benefit they can get a portion of their premium back in cash every 5(five) years provided all premiums are up to date and there is no claim on the policy.
-
Who should get Cash Back
This option is available to everyone on this product and the cash can be used however you want – you decide!
-
How does Cash Back work
A 40 year old female pays P14 per day for life cover of P1 m... Every 5 years, she will receive P5196.56 back in cash... And after 30 years, she will receive a total cash back benefit of P31,179.38!
The longer you keep the policy, the more cash you get back.
Product Highlights
- It's tax-free
- So, not only are Botshelo Life payments very competitive in pricing, you also get a further 20% cash back!
- Offered only on products where a Cash Back benefit is specified.