About Us
Learn about BLIC, the first insurance company in Botswana to have ordinary citizens as majority shareholders.
Who We Are
Babereki Life Insurance Company (Pty) Ltd (BLIC) is a proudly Botswana citizen-owned life insurance company, licensed in September 2025 and officially launched on 10 October 2025.
"We are more than an insurance company. We are a reflection of what is possible when citizens have an opportunity to own, participate in and benefit from the institutions that serve them."
BLIC was established with a simple but powerful belief: insurance should be accessible, meaningful and built around the people it protects.
Citizen Ownership
Licensed & Launched
Maloko Trust Fund is duly registered and governed by the Master of High Court
First citizen-owned life insurer in Botswana
Our ambition is to build a lasting Botswana brand that earns the trust of our customers, creates value for our shareholders and contributes meaningfully to the growth of Botswana's insurance industry.
Why Choose BLIC?
A new chapter in African insurance ownership.
Babereki Life Insurance Company (BLIC) is proud to be Botswana's first citizen-owned life insurance company, with an ownership model that places ordinary citizens at the heart of the business.
Through the Maloko Trust Fund, 45% of BLIC is owned by ordinary citizens, giving Batswana an opportunity to participate not only as customers, but also as shareholders in an insurance company built for their future.
What makes BLIC different?
Citizen-Owned
Proudly built with ordinary Batswana as shareholders.
A Pioneering African Model
One of the first insurance ownership structures of its kind on the continent.
Affordable & Accessible
Insurance solutions designed around the realities and needs of our customers.
Customer-Centric
We put people, their families and their financial security at the centre of what we do.
Trusted & Regulated
BLIC is a licensed and regulated financial services provider, committed to sound governance, transparency and responsible insurance practices.
Legacy Building
Creating lasting value for customers, shareholders and communities.
Our Vision
To establish a world-class direct financial services provider that seeks to:
Our Mission
To provide financial protection and wealth to our clients through innovation and exceptional service.
Our Brand Promise
"We appreciate one chance at life"
Empowering Batswana Citizens
45% owned by ordinary citizens through Maloko Trust Fund
Direct Ownership
45% of BLIC is owned by ordinary citizens through the Maloko Trust Fund, ensuring Batswana directly benefit from our success.
Citizen Ownership
Maloko Trust Fund
Maloko Trust Fund is duly registered and governed by the Master of High Court
Economic Participation
Through dividends and investment returns, ordinary Batswana participate directly in Botswana's economic growth and financial services transformation.
Our Core Values
The principles that guide everything we do
Customer-Centric
We design products and services around our customers' needs, ensuring they receive exceptional value and support.
Integrity
We conduct our business with honesty, transparency, and ethical practices at all times, building trust with every interaction.
Innovation
We continuously seek new ways to improve through technology and creative solutions that benefit our customers.
Excellence
We strive for excellence in everything we do, from customer service to claims processing and product development.