Botshelo - Vehicle and Asset Finance Protection
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What is Vehicle and Asset Finance Protection
This is cover meant to secure your assets acquired through a loan from the bank. The bank will accept the policy as collateral.
The Cover pays cash in the event of death from both natural and accidental causes.
Your vehicle or whatever asset you financed through debt will be secured by this cover.
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Who should buy Vehicle and Asset Finance Protection
If you have financed your assets (vehicle and other assets) through debt you should have Vehicle and Asset Finance Cover.
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What is the benefit of having Vehicle and Asset Finance Protection
You can't predict death but you can determine what you leave behind for your family. It will protect your assets from being taken as collateral in the event of death while still owing the bank.
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How much Vehicle and Asset Finance Protection should you have
The amount of cover should be equivalent to the outstanding loan balance.
Product Highlights
Our insurance products have the following unique features:
- Online, convenient, moneysaving insurance with complete peace of mind
- Up to P1 million cover with no medical underwriting
- Mandatory work disability benefit
- Optional critical illness benefit as a rider
- Covers natural and accidental death
- Entry age of 18 to 63
- You the life insured, or your spouse may make the monthly payments
Our Client Benefits
Our clients have 24-7 access to the following benefits:
- Quote in under 1 minute, buy in less than 20 minutes – online!
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Access to myabsalife.co.bw , a secure and convenient online policy management service
- Change your banking and contact details easily - saving you time
- View your policy communications and policy documents
- Make changes to your levels of cover
- Update your beneficiaries
Tips
- Always have a beneficiary nominated. Without a beneficiary nomination the cash will fall within your estate and that means a delay in getting it to the people who need it most, your loved ones.
- If you are married it is always good to nominate your spouse as a beneficiary. By doing this you will save on estate duty.
- Have your will regularly updated. It is the only way to ensure that your assets go to the right people after your death.