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Jun 18, 2024
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Finding smart ways to save and invest money is more important than ever. Have you considered a plan that not only provides comprehensive insurance coverage but also offers a cashback feature? The Pula Cashback Plan from Bona Life does just that. In this blog, we will explore how the Pula Cashback Plan works and the numerous benefits it offers, as well as why choosing Bona Life is a smart decision.

What is the Pula Cashback Plan?

The Pula Cashback Plan is a unique insurance policy designed to provide financial protection while also offering a rewarding cashback feature. This plan combines the benefits of traditional insurance coverage with the added advantage of receiving a percentage of premiums paid back to policyholders at regular intervals. It is an investment in both protection and potential savings.

How the Pula Cashback Plan Works

The Pula Cashback Plan operates like a standard insurance policy, providing coverage in the event of death, critical illness, or disability. What sets it apart is its cashback feature. Policyholders receive a portion of their premiums back at regular intervals, offering a tangible benefit and a potential boost to their savings. The amount of cashback is based on a percentage of the premiums paid, which accumulates over the policy term. These cashback amounts are paid out at specified intervals, allowing policyholders to utilize the funds as they see fit.

Why Choose Bona Life?

Bona Life is committed to providing financial security and peace of mind to its customers. Established in 2013, Bona Life has a proven track record of delivering innovative and flexible life insurance solutions. Their deep understanding of the unique needs and challenges facing Batswana ensures that they provide trusted, client-centric financial solutions that go beyond traditional life insurance to build sustainable relationships with the community.

Main Benefits of the Pula Cashback Plan

  1. Comprehensive Insurance Coverage:
    • Death Benefit: The plan provides a death benefit equal to the higher of twice the Insurance Cover or the Policy Account, ensuring significant financial protection.
    • Funeral Benefit: Includes a funeral benefit of P15,000, offering additional support for funeral-related expenses.
    • Accelerated Care Benefit: Offers 60% of the Insurance Cover or P150,000, whichever is lesser, providing financial support in case of critical illness or disability.
  2. Cashback Benefits:
    • Policyholders receive a percentage of their premiums back at regular intervals, offering a tangible benefit and a boost to their savings.
  3. Flexibility:
    • The Pula Cashback Plan offers flexibility in terms of coverage and payout options, allowing policyholders to tailor the plan to suit their individual financial needs.

Optional Benefits

  1. Additional Death Benefit:
    • Policyholders can opt for an additional death benefit of up to four times the insurance cover, providing extra financial security.
  2. Accidental Death Benefit:
    • This benefit is disbursed when a member experiences the loss or impaired functionality of a body part due to an accident.
  3. Withdrawal/Cashback:
    • Policyholders have the opportunity to withdraw up to 15% of the policy account at the policy anniversary from year 4 and every year thereafter.

Five Reasons to Invest in the Pula Cashback Plan

  1. Regular Cashback Intervals:
    • Receive cashback at regular intervals, providing a tangible financial benefit.
  2. Comprehensive Funeral Cover:
    • Eases your family’s financial burden in your absence with significant funeral cover.
  3. Flexibility:
    • Manage the plan to suit your short, medium, and long-term financial needs.
  4. Financial Management:
    • Use the plan for effective financial management, helping you save and invest wisely.
  5. Affordability:
    • With a minimum monthly premium of P300, the Pula Cashback Plan is both affordable and accessible.

Value-Added Services

  1. Funeral Assistance Service:
    • Professional assistance and guidance in planning and organizing funeral arrangements, ensuring a smooth and dignified process.
  2. Financial Planning Assistance:
    • Support in managing financial plans and investments, helping policyholders achieve their financial goals.

Conclusion

The Pula Cashback Plan from Bona Life offers a unique combination of insurance coverage and cashback benefits, making it an excellent choice for those looking to protect their family and maximize their savings. Consider the Pula Cashback Plan today and take the first step towards a more secure and financially rewarding future. For more information, visit our website or contact us directly.

Take control of your financial future with Bona Life’s Pula Cashback Plan. Enjoy comprehensive coverage and cashback benefits designed to help you save and invest. Learn more and sign up today.

 

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How do I make amendments to my policy?

Fill out an amendment form supplied by Bona Life, and attach relevant supporting documents based on the nature of the amendment. For example:

  • Addition of a child to policy – birth certificate
  • Change of name- marriage, divorce decree or affidavit
  • Change of bank- new banking details 
How do I get my statement for my investment or savings policy?

Send a request to client service team via the various touchpoints (walk-ins, email, Whatsapp, Facebook, telephone) to prepare a policy valuation. Policy valuation will be shared via your preferred medium.

How do I cede my policy for a loan?

Send a request to cede policy to Bona Life and on confirmation of policy status, you will complete a cession form. Attach the KYC forms and policy documents will be prepared showing the cession. This is what you will take to the bank to complete the cession.

How do I surrender my investment or savings policy?

Submit KYC documents, Complete surrender form, write surrender letter & attach bank statement for account that the money will be deposited to.