Botswana Life Insurance Limited (BLIL) - Gaborone - Botswana

Formed in 1975, Botswana Life Insurance Limited (BLIL) has a proud 40-year history as Botswana’s oldest and only home-grown life insurer. As an icon in Botswana, the Company has become synonymous with life insurance in the country.

Its estimated market share of over 75% has been built over time through hard work, resilience and a keen interest in sustainability. The Company is currently managing a file size of over 300,000 policies and an Annual Recurring Premium of P1billion. It is proud of its contribution towards employment creation, currently employing over 600 direct agents, 500 sub-agents (employed by brokers) and 260 employees. With over 7,000 people receiving their monthly pensions from Botswana Life, the Company is definitely amongst the largest, if not the leading payer, of occupational pension benefits in Botswana.

Contribution to the Lives of Individuals
The Company’s mission of growing and protecting the wealth of all its stakeholders is fulfilled through the provision of long-term insurance solutions for individuals and groups, such as life insurance, retirement annuities and investment policies. In 2013 and 2014, Botswana Life paid claims and benefits in excess of P2billion. In the five (5) years before that, the figure was a cumulative P3.5billion. This is money back into the hands of Batswana; giving testimony to how committed the Company is to its mission.

Botswana Life’s unique position as a subsidiary of Botswana Stock Exchange-listed Botswana Insurance Holdings Limited (BIHL) enables Batswana to buy the BIHL shares and take indirect ownership of the business; further enabling the company to fulfil its mission of creating wealth for Batswana.