About Us
Learn about BLIC, the first insurance company in Botswana to have ordinary citizens as majority shareholderss.
Who We Are
Babereki Life Insurance Company (Pty) Ltd - First Botswana citizen-owned life insurance company, licensed in September 2025
Our Story & Purpose
Babereki Life Insurance Company (BLIC) is a private registered life insurance company originally from Botswana, born from BOPEU's resolution to create lasting benefits for members and Batswana at large.
We focus on providing affordable, customer-centric group and individual risk life insurance products designed specifically for the needs of Batswana families and businesses.
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
Duly registered with the High Court of Botswana to administer and act on behalf of ordinary citizen shareholders, ensuring transparency and fair distribution of benefits.
Learn About MalokoEconomic 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.
Our Economic Impact Journey
Contributing to Botswana's growth and transformation
BOPEU Initiative
Created from BOPEU's resolution to benefit members and all Batswana, establishing a citizen-focused insurance company.
Licensed in 2025
Officially licensed in September 2025 as Botswana's first citizen-owned life insurance company.
Citizen Ownership
45% ownership by ordinary citizens through Maloko Trust Fund, ensuring direct economic participation.
Industry Transformation
Playing a meaningful role in transforming Botswana's financial services industry through innovation and local expertise.