Metropolitan Life Of Botswana Limited

What Metropolitan Life Of Botswana Limited does

Metropolitan Life Of Botswana Limited is a Gaborone-headquartered life insurer and wholly-owned subsidiary of JSE-listed Momentum Metropolitan Holdings. Founded in 1998, the company has grown to become the second largest life insurer in Botswana, operating exclusively in the domestic market through a combination of retail and corporate distribution channels, walk-in service centres across the country, and a corporate website serving product information and KYC resources. Its go-to-market is sales-led, with a localised executive bench covering CEO, CFO, CRO, HR, retail distribution, corporate distribution and operations.

The company's product suite spans life cover (Mothusi Life Cover with whole life, term and mortgage protection variants), retirement annuities (Sesigo Retirement Annuity Plan, Morobi Life Income Provider, Montshegetsi Capital Preservation Plan), investment plans (Thebeyame Investment Plan, Multicash Plan, MyFuture Provider), education savings (Thuto Lesedi Educator Plan), funeral insurance (Re-Eme-Nao Funeral Plan) and a Hospital Cashback Plan. Underlying the investment-linked offerings is a unit-linked product architecture and the Metropolitan Smooth Growth Fund, a smooth bonus portfolio underwritten by the entity and governed by a published Principles and Practices of Financial Management (PPFM).

Revenue is generated through recurring subscription/premium income across life, annuity, investment, education and funeral products, priced at granular, mass-market entry points (funeral cover from BWP 21/month, life cover from BWP 200,000 sum assured). Customers span individuals/families, employers seeking group cover and retirement solutions, and institutional savers. Brand association with Momentum Metropolitan (JSE-listed since December 2010) provides group-level capital backing, with the parent reporting R23.6bn market capitalisation and R40.8bn embedded value at 31 December 2020.

Name

Metropolitan Life Of Botswana Limited

Legal name

Metropolitan Life Of Botswana Limited

Website

https://metropolitan.co.bw

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

51–100 employees

Short description

Metropolitan Life Of Botswana Limited is the second largest life insurer in Botswana, offering life cover, annuities, retirement, investment, education savings and funeral products to individuals, families and corporate clients through retail and corporate distribution channels backed by Momentum Metropolitan Holdings.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Life Insurance (6311)

akta.pro primary industry

Participating (Dividend) Whole Life Insurance (FSAIABAI)

akta.pro secondary industries

Level Term Life Insurance (FSAIAAAA), Basic Group Term Life (Employer-Paid) (FSAIADAA)

Keywords

• Life insurance products
• Retirement annuities
• Funeral insurance plans
• Investment solutions
• Group employee benefits

Headquarters

HQ city

Gaborone

HQ country

Botswana

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Life Insurance Premiums: Recurring premium income from life insurance products including term life, whole life, and mortgage protection products.
2. Annuity Products: Single and recurring premium annuity products including retirement annuities, income providers, and capital preservation plans generating upfront and ongoing revenue.
3. Funeral Insurance: Monthly premium funeral cover products providing recurring revenue stream with optional add-on riders.
4. Investment Products: Unit-linked investment products with two-pocket approach allowing long-term savings alongside accessible withdrawal components.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

Metropolitan Life Of Botswana Limited is a life insurer offering a diversified portfolio of financial products to individuals, families, and corporate clients in Botswana. Its offerings include life insurance (whole life, term, and mortgage protection), retirement annuities and income products, unit-linked investment plans, education savings solutions, and funeral cover. The company distributes these products through retail and corporate distribution teams with physical walk-in service centres throughout the country.

Product overview

Metropolitan Life Of Botswana Limited operates as a life insurer offering a diversified portfolio of financial products. The portfolio includes retirement solutions (Montshegetsi Capital Preservation Plan, Morobi Life Income Provider, Sesigo Retirement Annuity Plan), life protection products (Mothusi Life Cover with Lifeline, Term Shield, and Home Secure variants), investment plans (Thebeyame Investment Plan, Multicash Plan, MyFuture Provider), education savings (Thuto Lesedi Educator Plan), and funeral insurance (Re-Eme-Nao Funeral Plan with Essential and Comprehensive options). Additional offerings include Hospital Cashback and general financial provider services. The company operates as part of Momentum Metropolitan and positions itself as a lifetime financial wellness partner for Botswana clients.

Differentiator

Problem solved

Functional benefit

Brands

• Re-Eme-Nao Funeral Plan: Funeral plan covering main member, spouse, children, parents, and extended family with various coverage options.
• Sesigo Retirement Annuity Plan
• Thuto Lesedi Educator Plan
• Thebeyame Investment Plan
• Mothusi Life Cover
• Morobi Life Income Provider
• Montshegetsi Capital Preservation Plan

Products and services

• Mothusi Life Cover Comprehensive life insurance providing financial security with three plan variants: Mothusi Lifeline (whole life), Mothusi Term Shield (term life), and Mothusi Home Secure (mortgage protection). Sum assured ranges from BWP 200,000 to BWP 10,000,000+, with entry ages 19-66, monthly or annual premium payment, optional add-ons including Death Premium Waiver, Disability Premium Waiver, Permanent Disability Benefit, Daily Hospital Benefit (BWP 500 or BWP 1,000/day), and Automatic Inflation Management (AIM). Includes 5% premium cash-back every 5 years if no claims and terminal illness benefit.
• Montshegetsi Capital Preservation Plan

Quantifiable outcome

• Up to P100,000 funeral cover from P21/month
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Momentum MetropolitancoreOthersMetropolitan Botswana is part of Momentum Metropolitan, which was formed from the merger of Metropolitan and Momentum. Momentum Metropolitan is listed on the Johannesburg Stock Exchange with market capitalisation of R23.6bn and embedded value of R40.8bn as at 31 December 2020.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Liberty Life Botswana: Stanlib-affiliated life insurer in Botswana providing individual life, retirement and group benefits; another direct local-market competitor to Metropolitan's product portfolio.
• Sanlam Life Botswana: Subsidiary of Pan-African insurer Sanlam offering individual life, group and investment products in Botswana; directly overlapping with Metropolitan's Mothusi, annuity and funeral ranges.
• Old Mutual Emerging Markets (Old Mutual Botswana): South African-rooted life insurer with a direct Botswana subsidiary offering life cover, retirement annuities and group benefits; competes head-to-head with Metropolitan on retail and corporate segments in Botswana.
• Hollard Life Botswana: Hollard's Botswana life insurance operation underwriting individual and group life, funeral and credit life products; competes in the same Botswanan retail and corporate channels as Metropolitan.
• Botswana Insurance Holdings (BIHL) / Botswana Life Insurance: Botswana's leading life insurance group and primary #1 incumbent against Metropolitan Botswana; comparable in offering term, whole life, group and individual life products to the same Botswanan consumer and corporate market.

Broad incumbents

• Sanlam Group: Pan-African insurance and investment group with Botswana operations; broader portfolio of life, general insurance and asset management makes it a structural incumbent comparable to the wider Momentum Metropolitan business of which Metropolitan Botswana is a part.
• Momentum Life (Momentum Metropolitan, South Africa): The South African flagship life insurer of Metropolitan's parent group; operates a much larger product shelf and is the reference operating model that supports Metropolitan Botswana's product, actuarial and distribution practices.
• Old Mutual Limited (South Africa group): Pan-African financial services group and ultimate parent of Old Mutual Botswana; broad life, savings and asset-management capabilities position it as a regional incumbent competing with Momentum Metropolitan across Africa.

Regional players

• Alexander Forbes Insurance (Botswana): South African-headquartered financial services and insurance group active in Botswana; adjacent rather than direct competitor, useful for benchmarking corporate-benefit and group-life intermediation channels.

Emerging players

• Stanbic Insurance Botswana: Banking-anchored insurer in Botswana offering credit life and selected life products via Stanbic's branch network; an emerging competitor leveraging bancassurance to reach retail customers similar to Metropolitan's walk-in distribution model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/metropolitan-life-of-botswana-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Metropolitan Life Of Botswana Limited