In Botswana, many people hesitate to buy insurance because of stories they’ve heard from family, friends, or community chatter. These insurance myths often lead to fear, doubt, or mistrust—causing people to delay or avoid financial protection altogether. Unfortunately, that hesitation can leave families unprepared in times of need.
This blog breaks down the most common life insurance misconceptions and shares the real insurance facts, so you can make informed, confident decisions about protecting your loved ones.
Myth 1: Insurance Is Only for the Wealthy
FACT: Insurance is for everyone. Products like the Thebe Funeral Plan and life insurance start from as little as BWP 50/month—making them accessible to most households.
Affordable plans like the Thebe Funeral Plan prove that the common funeral insurance myths around being “too expensive” are simply not true. With flexible contributions, you can start small and still secure meaningful cover for your family.
Myth 2: Insurance Companies Don’t Pay Out
FACT: Reputable insurers like Bona Life are regulated by strict national standards. Claims are honoured when all requirements are met, and most payout delays come from missing documents—not denial.
In fact, Bona Life has helped thousands of families access funds quickly in moments of loss. When paperwork is complete, claims are processed promptly and with compassion. The truth about insurance in Botswana is that legitimate providers do pay—choosing a trusted company makes all the difference.
Myth 3: I’m Young—I Don’t Need Insurance Yet
FACT: Waiting until you’re older is actually more expensive. Premiums are lowest when you’re young and healthy, which means you can secure long-term protection at a fraction of the cost.
Even if you’re single or childless, your debts and funeral costs don’t disappear—they fall on your family. Policies like Lefa Life Cover ensure your future is secure and your loved ones aren’t burdened. Life insurance isn’t just about death; it’s about smart financial planning for young adults and building long-term stability.
Myth 4: Funeral Plans Are All the Same
FACT: Not all funeral plans are created equal. While many assume they’re identical, the reality is that features vary widely—cover amounts, beneficiaries, flexibility, and added benefits all differ.
The Thebe Funeral Plan from Bona Life offers unique advantages such as covering multiple family members, cashback features, and tiered options. Comparing only on price often means missing the benefits that matter most when the time comes. Busting these funeral insurance myths is key to making the right choice.
Myth 5: It’s Too Complicated
FACT: Insurance today is simple, transparent, and accessible. With Bona Life, you don’t need to be a financial expert to secure protection. Advisors explain policies in plain language and help you choose a plan that matches your budget and goals.
From the Motswako Hybrid Pension (for flexible retirement planning) to life and funeral cover, modern solutions are designed to be clear and easy to apply for. The truth about insurance in Botswana is that it’s no longer complex—it’s straightforward and supportive when you choose the right partner.
Don’t let myths block your family’s future security.
When you know the facts, insurance becomes one of the smartest and simplest decisions you can make.
Whether it’s the Thebe Funeral Plan, the Lefa Life Cover, or the Motswako Hybrid Pension, Bona Life is here to separate fact from fiction and give you solutions that truly fit your needs. Speak to an advisor today and take the first step toward clarity and protection.
Still unsure? Let’s talk. Our team will help you separate fact from fiction—and find a plan that works for you.
📞 Call: +267 398 1800
📱 WhatsApp: +267 76 744 686
🌐 Visit: www.bonalife.co.bw
Evan Hamlyn, Legs Brands