FNB Insurance South Africa | Life, Car, Health and Home Insurance
You are on Uni24.co.za, in this article, we bring to you everything to know about FNB Insurance South Africa. An insurance company is any firm that provides a means by which risk is managed. Put it this way, FNB Insurance South Africa sells packages that offer protection against unexpected life circumstances in relation to damages, loss, theft or any bad situation.
With that said, FNB Insurance South Africa provides an array of insurance protection categorized into four groups. These are FNB Insurance South Africa Motor Insurance, FNB Insurance South Africa Health Insurance, FNB Insurance South Africa Business Insurance, and FNB Insurance South Africa Home Insurance. These are some but a few of the insurance services this company offers. Other areas of protection include Fire Insurance, Life Insurance, Liability Insurance, Travel Insurance, and many more.
About FNB Insurance South Africa
As a financial institution, FNB provides personal, private, business, commercial and corporate banking services to millions of customers across South Africa.
FNB is the oldest bank in South Africa, and can be traced back to the Eastern Province Bank formed in Grahamstown in 1838. Today, FNB trades as a division of FirstRand Bank Limited. When looking at FNB’s history, two things in particular stand out. The first is a story of survival – different circumstances in South Africa have posed many great challenges in our history, all of which FNB has successfully met. This track record provides a strong foundation for our future challenges. The second is a story of people – our history has always been firmly influenced by the needs of the people we serve.
Services of FNB Insurance South Africa
Life Insurance
Taking care of your family the way you would have.
Our benefits provide financial support to your dependants, help to settle outstanding debt, pay for your children’s education or pay your estate taxes.
Proactive claims
We know how to pay out claims fast! We search home affairs and proactively find claims that need to be paid out. Over R200 million has been paid out to date.
Terminal Illness Benefit
Get paid out 100% of your death cover benefit should you be diagnosed with a terminal illness and have less than 12 months to live.
Help your family with immediate expenses
Your Life Customised policy includes an additional R30 000 Funeral and a Spend Protect Benefit. These benefits will be paid out to your nominated beneficiary within 24 hours of your claim.
Your Spend Protect Benefit, which is limited to 10% of your Life Insurance amount, pays out a multiple of your average monthly FNB/RMB Private Bank card swipes and any loan repayments to FNB/RMB Private Bank.
The multiple will be determined by your transactional account type held with FNB/RMB Private Bank.
Retrenchment Cover
Protect your income and maintain your lifestyle. You could add retrenchment as a benefit, which will help you secure and protect your income.
Let us help you protect your income by adding cover for retrenchment or inability to earn an income.
The benefit will help you manage your monthly financial obligations.
The benefits include:
- Cover for up to 12 months or until you find new employment
- Paying no premiums if you have claimed against one of our benefits
- Cover for both retrenchment or inability to earn an income*
*Inability to earn an income refers to instances when your employer does not pay you any income for a
full calendar month, without terminating your employment.
Important information to note:
- You can only cover up to a maximum of 75% of your net monthly income.
- Cover does not pay out if you only have a partial loss of income.
- Cover does not pay out if you were aware of your retrenchment during the 3 months before the start of this cover or if
you are retrenched during the first 3 months of cover. - Benefit ends at 65 years.
- A 3-month waiting period will apply where no claim will be paid from the benefit start date (or reinstatement) and from the date of your last retrenchment benefit claim payment, for any subsequent claim.
Critical Illness
Helping you deal with life’s complexities if you suffer a serious illness.
Our Critical Illness cover offers a lump-sum pay-out should you be diagnosed with a critical illness. This benefit helps you cover unforeseen expenses which can arise with certain serious illnesses such as paying for medical specialists or high treatment costs, 24/7 care or any other lifestyle adjustments you may need.
Our Critical Illness cover protects you against an extensive range of conditions such as cancer, heart attack, coronary bypass, surgery stroke, dementia, kidney failure, multiple sclerosis etc.
Summary of benefits include:
- Pays out between 10% – 100% of your cover amount as a lump based on severity of your illness
- Boost your payout to 100% for qualifying heart attack, cancer and stroke conditions with the Comprehensive and Elite Critical Illness benefits
- Unlimited cover for unrelated critical illness claims with standalone cover
Claim up to 300% of your cover amount for a series of related claims with the standalone Elite Critical Illness benefit - Pay no premium for 6 months after a valid critical illness claim
Additional benefits include:
- The Automatic Child Critical Illness benefit pays a lump sum amount if your child is diagnosed with a critical illness, and
- The Future Family benefit pays an additional 10% of your Cover Amount for a valid cancer claim, to use towards fertility preservation treatment.
Permanent Disability
Giving you peace of mind if you can’t work again.
Our Permanent Disability cover offers a lump sum pay-out should you be unable to perform your own occupation or if you are diagnosed and suffer from a permanent impairment.
Income Protection
Protecting your income if you become disabled.
This benefit pays out a monthly income (partial or full) should you become disabled or severely impaired.
FNB Funeral Cover
Get funeral cover that helps your family access cash during their time of need so they don’t have to worry about expensive funeral costs.
Funeral Plan
Do not stress about the financial strain that comes with the death of a loved one.
Accidental Death Plan
Cover for your loved ones when the unexpected happens.
Business Insurance
Protect your business with insurance you can trust.
- Group Funeral Plan
- Business Life Insurance
- Short-term Insurance
- Risk advisory
- Wealth and fiduciary
- Law on Call Business Plan
- Business Credit Protection Plan
- Business Cashflow Cover
Car Insurance
Comprehensive cover
Covers you for everything
Third party, fire and theft
Covers you for specified events
Third party only
Only covers legal liability
To keep your sweet home safe
Having a helping hand when disasters hit home is essential. FNB’s home insurance options are bound to fit your requirements and your pocket.
- Home Contents
- Building Insurance
Legal Insurance
In-court representation
Up to R150 000 per matter with a dedicated lawyer and R3 million lifetime cover
Legal documents
Such as domestic employment agreements, residential leases, loan agreements and more
Investigative services
To support your court case
Added value
Cover starts immediately
No waiting periods apply, you are covered as soon as it’s approved by the insurer.
Retrenchment premium waiver
If you are retrenched, we will waive premiums for up to 6 months while you are unemployed.
Side hustle consultation
We will provide you with a telephonic consultation with a commercial lawyer to guide you on your business’s legal requirements.
Accidental death benefit
Your family gets an accidental death benefit that pays out R30 000 if you die due to an accident.
Cover for your parents
Add up to 4 parents to your plan from a reduced monthly rate of R35 per parent.
Expert Fees
Up to R20 000 cover for expert costs.
Health Cover
Make sure you and your family are covered with the best healthcare options in the event of any medical emergency.
Health Cash Plan
Get cash when you are hospitalised – you focus on your health, we deal with the bills.
Gap Cover
Protect you and your family against expensive medical shortfalls from as little as R240 per month.
Travel
Global Travel Insurance will keep you covered no matter where you go in the world.
Contacts of FNB Insurance South Africa
Life Insurance Contacts
Telephone
- 087 736 7774
Operating hours
- 08:15 – 16:30 (Mon – Fri)
International
- If you are dialing from outside South Africa, dial the number below first followed by the 087 number above when prompted.
Tel: +27 11 371 3711
Funeral Cover Contacts
Telephone
- 087 736 7772
Operating hours
- 08:00 – 17:00 (Mon – Fri)
- 08:00 – 13:00 Sat (weekend)
FNB Insurance Brokers
For Roadside assistance:
Call 0860 328 328 (option 1) or
email fnbinsurancebrokers@fnb.co.za
For A New Policy:
Call 0860 328 328 (option 2)
email fnbibsales@fnb.co.za
For Policy enquiries and changes:
Call 0860 328 328 (option 3)
email fnbinsurancebrokers@fnb.co.za
For Claims:
Call 0860 328 328 (option 4)
email inbclaims@fnb.co.za
For Group schemes:
Call 0860 328 328 (option 5)
email fnbibcomleads@fnb.co.za
For Complaints or Compliments:
Call 087 736 0816 or email: Mandy.rajcoomar@fnb.co.za
Car Insurance
Contact details:
Claims: 087 312 0001
Email: motorclaims@fnb.co.za
Frequently Asked Questions on Insurance in South Africa
How Much Is Car Insurance per Month in South Africa?
Car insurance in South Africa comes at an average cost of ZAR 1,322.00 per month. It should be noted that this varies greatly from one company to another the difference is the extent of insurance coverage you get and other premium services that come with the package. On a broader scale, the average monthly payment for car insurance is about 58 USD. Factors that influence your insurance premium include your driving history, your current location, and the coverage.
Does Life Insurance Pay for Suicidal Death?
The answer to this question varies from one insurance company to the other. However, most insurance companies include a suicide clause in their life insurance policies. This simply means that the first two years of a life insurance policy do not cover suicide-related circumstances. This is done to protect the firm from situations where a policyholder purposefully commits suicide with the hope of winning his family or beneficiaries’ payouts. But in the case of a life insurance policyholder whose been with the firm for more than 2 years, a death benefit is paid out to the beneficiaries.
What Is Short-Term Insurance?
Short-term insurance is any insurance policy that lasts for an hour, day, week or month. These policies are designed for very short-term needs. It should however be noted that some insurance companies offer longer durations under this package. Generally, they provide protection against theft, damage to goods or property or any other form of liability.
What Is Excess in Insurance?
Excess in insurance is generally the amount of money you have to pay to cover your insurance claim. This allows the insurance to pass on an agreed amount of the risk to the policyholder and is included in the policy. So in the event of an insurance claim, the beneficiary pays a portion of the claim cost and the insurance company pays the rest.
How Much Is House Insurance in South Africa?
How much is house insurance cost in South Africa? In South Africa, prices for home insurance vary from Rs 1,800 per square foot for basic projects and Rs 3,000 per sq ft for lavish projects. The coverage for house insurance extends to theft, fire, malicious or flooding, lightning, and storms. The two common coverage include Home Structure Insurance and Home Content Insurance.
Home structure insurance protects against damages to the structure of the building on the exterior or interior often resulting from storms, earthquakes, flooding, or lightning.
The home content insurance covers property theft within the house or damages to any property within th
