To off er a 6-month premium holiday to BCL and Tati Nickel Mine policy holders
Botswana Life Insurance Limited has indicated that it will offer a 6-month premium holiday to all affected BCL and Tati Nickel Mine employees who have risk policies with them, once there has been official confirmation of when they will receive their last salaries.
“Following the recent unfortunate turn of events that saw the closure and liquidation of the BCL and Tati Nickel mines, Botswana’s leading insurance company, Botswana Life Insurance Limited (BLIL), wishes to show empathy and support to the employees of the said mines. Employees of BCL and Tati Nickel mines who have existing risk policies will be cushioned as much as possible during their time of duress,” the Insurance company said in a press statement last week.
It explained further; “In light of this, once there has been official confirmation of when the employees of BCL and Tati Nickel mines will receive their last salary, Botswana Life will offer a 6-month premium holiday for all risk policies. This premium holiday will start the month following the policy holders’ last salary payment.”
The company said it reinforces its brand proposition in the midst of one of the worst socio-economic crises in the recent history of the local economy. “We have been around for 41 years and weathered various domestic and international economic cycles and storms. We have made a commitment to our valued customers that we will help them Walk Tall in their time of need, and this is how we practically demonstrate this. Now is the time. We are prepared to shoulder the financial risk and exposure that we will incur by offering the premium holiday,” the CEO, Bilkiss Moorad, was quoted.
She explained that they are cognizant “of the broad ramifications on individuals and families’ livelihoods, and that this is not the time to shy away but rather to act responsibly and constructively where possible to minimize the harsh landing for many.”