Stanchart Botswana partners with leading insurance firms
Botswana ‘s oldest bank, Standard Chartered Bank last week launched watershed collaborations geared at revamping its insurance packages and shaking up the investment –linked products space. The bank which launched its new strategy beginning of the financial year roped in leading insurance companies AON Botswana, Botswana Insurance Company and Botswana Life to enhance and upgrade its Banc-assurance department.
At a glamorous event held on Thursday night in Gaborone, the Botswana Stock Exchange listed Stan Chart unveiled the short-term general insurance products for home and auto in partnership with Botswana Insurance Company and the Isago investment-linked product in partnership with Botswana Life. These products join the existing suite of long-term insurance products, Poelo Life Insurance, Bosa Hospital Plan, and Lore Funeral Cover that were launched in 2017. All the aforementioned products, long and short, are brokered by AON Botswana.
Stan Chart told attendants that the move was intended to bring convenience and innovation in its evolving service delivery. Giving opening remarks Standard Chartered Head of Client Acquisition, Peo Motshegare highlighted that the Bank’s desire was to go beyond traditional banking products.
“With our partners, Standard Chartered Bank continues to seek opportunities to be the leading one-stop shop for all the financial services needs of our clients. This means going beyond the traditional banking products of lending and deposits to helping our clients grow and protect their financial resources,” she said. Standard Chartered Bank Head of Wealth Management, Otsile Mabeo reiterated that the Bank saw value in not only providing leading solutions but also in educating the public on insurance as well.
“We have been distributing our market-leading products through our branch network for some time now, in 2017 we consolidated our products with a clear path to providing an end-to-end wealth protection suite for our clients. Beyond just being a product solution provider, we have embarked on a financial thought-leadership series where through channels such as radio we have sought to educate Batswana on the importance of having insurance solutions.”..
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Standard Chartered Bank Botswana Limited (STANCH.bw)Share price: 316.00 Thebe (0.00 | 0.00% – 22/03/23)
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