FNB Life Insurance is an insurance policy offered by the First National Bank. The life insurance premiums can be as low as R87.00 per month and the cover can be upto R10 million. The customised insurance includes a R30000.00 funeral cover.
FNB’s eBucks rewards program rewards its customers. You can earn up to 1500 eBucks points every month as a FNB life insurance policyholder, which is equivalent to R150. Depending on your eBucks rewards level, you can get up to 40% payback in eBucks rewards. Only FNB card or account holders are eligible for the eBucks rebate. Those who do not have a FNB or RMB account will not be eligible for rewards.
You can add disability insurance, critical illness insurance, and income protection to your life insurance policy. Before going on to the advantages that you can add to your life insurance, we’ll go through the FNB Life insurance and its characteristics. FNB Life Insurance is still very young and cannot be compared to the offerings of larger insurers such as Sanlam or Momentum. To yet, the FNB Life insurance has only paid out R200 million in claims. This shows that this company unit is still young and has a long way to go.
FNB life insurance, on the other hand, has been gaining popularity in recent years. Because of the high demand for the goods, the maximum cover amount has been increasing year after year.
FNB Life insurance has a variety of advantages, one of which is that you can get up to 100% of your premiums back if you suffer from a serious illness. In addition, unlike other insurance firms, the funeral benefit is a single value of R30,000 rather than a range of amounts. You may supplement your life insurance with critical illness, disability, and income protection coverage. We’ll go through each of these in more detail below.
If you are diagnosed with a critical illness, the critical illness insurance will cover you. FNB life insurance will pay out if you have cancer, a stroke, a heart attack, or other chronic ailments. The payment will be made in one lump sum. The critical illness insurance pays out a lump sum of the entire amount of your coverage. The money can be used for a variety of things, including helping with medical bills, paying bills, and so on. When purchasing critical illness insurance, it’s crucial to balance your coverage amount with your daily financial demands.
Here are the highlights of the FNB critical illness cover:
Disabilities are a part of life, and accidents can happen to anyone, no matter how careful they are. Disability insurance is an excellent strategy to ensure financial security in the event of a future injury. Medical bills for a disability can be prohibitively expensive, necessitating a trip to an international hospital. The FNB Permanent Disability Cover guarantees that if you become permanently disabled, you will get a lump sum payment. There are 3 ways the payout works. Here are the ways that the FNB permanent disability cover works:
Highlights of the FNB permanent disability cover:
If you become disabled or severely impaired and are unable to work, the income protection policy will provide financial security. Your coverage will be determined by your needs and the amount of premiums you are ready to pay. When you are unable to work due to a disability, you will receive an income protection benefit. You can also choose to get a portion or all of your monthly salary.
Here are the highlights of the FNB Income protection cover:
FNB’s life insurance is getting more popular, and it has been competitive in recent years. Even better, as a FNB customer, you can receive eBucks cashback. When you reach level 5 of the eBucks rewards program, you can get 40% cashback. The FNB Life insurance coverage is simple to obtain. Using the FNB mobile app, you may get an estimate of how much your premiums will be. That’s an excellent use of technology, and the amount of coverage you’ll receive will most likely be the same as the amount shown on the monthly rates calculator.