FNB Life Cover

As the second-largest bank in South Africa, FNB has climbed up the ranks by delivering the most innovative and in-demand products and services.

From their eBucks offerings to their PayPal and MoneyGram services they simply offer better products and services than their competitors. Their innovative creativity has extended into the world of insurance and you can now have almost all your financial planning needs to be taken care of under one roof.

Insurance service offers from FNB

While most South Africans know FNB as one of the leading banks in the country, they offer many lesser-known products and services, including life cover. Not only will your life insurance policy be among the best and most secure on the market but it will also be flexible and affordable. What more could you ask for?

A value-based company

FNB is led by a strong ethos and community-based core values like respect, pride, and Ubuntu. When making decisions on a high level or regarding everyday matters for individual clients, they make it personal and their values shine through.

Protecting the environment

FNB is one of the most environmentally conscious and aware FSPs in the country. With multiple environmental policies and initiatives, they go above and beyond the minimum requirements to help minimize their impact and protect the environment.

The FNB Fund is also another incredible initiative aiming to deliver resources to their areas of focus which include education, early childhood development, hospice, and community care that focuses on the needs of vulnerable and disadvantaged children.

FNB offers clients life insurance that will give them peace of mind and take care of their loved ones when they’re no longer able to.

They understand that no two people are the same, which is why their insurance policy is always tailored to meet the needs of the client specifically. The life cover payout from your policy can be used by your beneficiaries to pay your debts, cover your children’s education and help them get by. Your estate may also be liable for Taxes and your plan can cover this too.

Funeral cover and Spend Protect Benefits

FNB also includes a funeral cover of R30,000 to help your family cover all the costs of a burial or a cremation. From purchasing a burial plot to hiring a venue and catering service, a little goes a long way during times of crisis.

Spend Protect Benefit is another add-on that pays your beneficiaries a set amount based on your average monthly qualifying spend with FNB. This amount is determined based on multiples of your card swipes and loan repayments but is limited to 10% of your life cover amount.

Account type and payout

• Gold accounts: x 1
• Premier: x 2
• Private Clients & RMB Private Bank: x 3

Another great benefit of having an FNB life insurance policy is that they’ll actively search the home affairs database to find out if any policies need to be paid out. If you’re ready to apply for life insurance that’s suited to your individual financial needs, pays out quickly, and offers a range of beneficial add-ons like funeral cover and the Spend Protect Benefit discussed above, FNB has the perfect offers for you.