 officially launched a welfare scheme named Mphemphe Insurance Agency (MIA) today (26.05.2023)){kind=link}
Botswana: Botswana Police Service (BPS) officially launched a welfare scheme named Mphemphe Insurance Agency (MIA) today (26.05.2023) at the Special Support Group (SSG) in Gaborone.
Delivering a keynote address at the launch, the Deputy Commissioner of Police responsible for Operations, Solomon Mantswe, said Mphemphe Insurance Agency is one of the welfare schemes established under BPS with the aim of improving diversified insurance products at more affordable premiums to members.
He emphasized the importance of staff development and employee welfare towards increased productivity and performance excellence.
Mantswe further said that a motivated workforce is highly effective and well-performing personnel hence the BPS continuing to exploit the financial market for beneficial welfare schemes worth investing in.
Mr Mantswe apprised the audience that MIA is an agent of Botswana Life and Botswana Insurance Company, and it is fully registered under the Non-Bank Financial Institutions Regulatory Authority (NBFIRA). He added that MIA currently offers Group Credit Life, Enhanced Group Funeral Scheme, Group Life Assurance and short-term insurance products.
He stated that the BPS has undertaken to invest in internal welfare schemes in its efforts to complement the existing Government welfare schemes and to fulfil its vision of becoming an employer of choice.
The Deputy Commissioner applauded and acknowledged MIA partners and stakeholders such as Botswana Life, Botswana Insurance Company, First National Bank Botswana, and ABSA, amongst others, for their roles in the smooth functioning of BPS welfare schemes.
On corporate social responsibility issues, Mantswe said the BPS is equally committed to community development delivered through the Corporate Social Responsibility programme. He mentioned that the programme focuses, amongst others, on the donation of food and shelter towards the less privileged members of society as a way of appreciating their priceless role and selfless efforts in the fight against crime.
For her part, Botswana Insurance Holdings Limited Group Chief Executive Officer, Ms Catherine Lesetedi, said she was delighted to be part of the launch and reaffirmed their relationship with BPS through MIA.
She said MIA is committed to improving lives and motivating its members to effectively deliver as well as to accord them financial stability and peace of mind in the execution of their duties.
The Group CEO further encouraged BPS personnel to make use of the initiative and improve their livelihood as well as those of their families.
Lesetedi assured the BPS that BIHL exists to offer professional service and to respond swiftly to the client’s needs at all times. She further applauded the BPS for fulfilling its mandate of ensuring public safety, protecting lives and property.
Earlier on in his welcome remarks, MIA Chief Executive Officer, Senior Assistant Commissioner of Police Boeletswe Gobotswang said the Insurance Agency had been established to facilitate access to group insurance products at a negotiated premium. He said MIA will enhance financial security for members during active and post-service.
Mr Gobotswanag said the BPS take cognizance of the fact that human capital management is the most critical asset in the organization, saying it is against this background that issues of welfare remain a priority.