If you cancel the policy before your chosen term ends, a 30% penalty applies to the investment balance.
The Bonlife Savings Plan is a flexible savings solution that gives you the best of both worlds: immediate access to emergency funds and guaranteed long-term growth — all in one policy. Your monthly premium is split into two dedicated “pockets” that work at the same time, so you’re always building towards your future without sacrificing flexibility today.
Anyone aged 18–65 who wants to save consistently while keeping emergency funds within reach.
People looking for long-term financial growth with built-in protection for their family.
Savers who want total transparency — knowing exactly where every Namibian Dollar goes each month.
Your premium is split every month — one portion goes to your Short-Term Pocket for emergencies, and the rest goes into your Long-Term Bucket for serious growth.
Your Long-Term Bucket is invested at a target return of 8% interest to maximise your payout at maturity.
If you pass away, the full investment value is paid to your beneficiary — unlike a standard bank account, your savings are protected.
If you become totally and permanently disabled, your investment value becomes payable immediately.
Add this benefit for extra peace of mind: if you pass away or become disabled, Bonlife pays a lump sum into your savings to ensure your goal is still met.
Make additional deposits into your Long-Term Bucket at any time to reach your savings target faster.
Choose a savings term of 5, 10, or 15 years, depending on your financial goals.
Access your Short-Term Pocket after just 12 months. One optional withdrawal every 12 months thereafter.
Each Short-Term Pocket withdrawal is subject to a N$50 withdrawal fee.
A once-off N$50 joining fee is deducted from your first Long-Term Bucket premium.
A flat N$10 per month administration fee is included in your total premium.
If you cancel the policy before your chosen term ends, a 30% penalty applies to the investment balance.
If you miss a payment, your policy stays active, and your current balance remains invested. You can resume payments at any time. Note: if you have the Optional Premium Waiver and fall more than 3 months behind, that benefit will lapse — the main savings plan remains in force.
You can request an increase or decrease in your plan option at any time. Changes take effect from the following month.
18 – 65 years old (parent or guardian)
Split between short-term access and long-term growth every month — both working for you at the same time.
Includes a Death Benefit and Disablement Benefit, so your savings are protected no matter what happens.
See exactly where every dollar goes. No hidden fees, no surprises — just clear, honest savings.
Choose 5, 10, or 15 years to match your personal financial roadmap and goals.
Your total monthly premium is divided into three parts. For example, in Plan 1 (N$ 110 total), N$ 70 goes into your Long-Term Bucket for major future goals, N$ 30 goes into your Short-Term Pocket for emergency access, and N$ 10 covers the monthly Administration Fee. You can also make additional voluntary deposits into your Long-Term Bucket at any time to reach your goals faster.
You can access the funds in your Short-Term Pocket once your policy has been active for 12 months. After that initial period, you are entitled to one optional withdrawal every 12 months upon request. Each withdrawal is subject to a N$ 50 withdrawal fee. The Long-Term Bucket is designed to remain invested until your selected maturity date (5, 10, or 15 years).
Life happens — we’ve built flexibility into the plan. If you miss a payment, your savings policy remains active with your current balance still invested. You can resume payments at any time without the policy being cancelled. However, if you selected the Optional Premium Waiver and fall more than 3 months behind, that specific benefit will lapse. The main savings plan stays in force.
Yes. You have the right to request an increase or decrease in your selected plan option at any time. Once requested, the change to your monthly premium and savings allocation takes effect from the following month.
