Details of First National Bank (FNB) Life Insurance Offer
FNB Life Insurance
“Your life is yours, we help you live it.”
We offer you simple, clear, transparent and rewarding life insurance that gives you more time to live your life to the full.
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We also recognise that there can be no ‘one size fits all’ approach to life insurance, so our plans offer cover that caters for different needs, different stages of life, and different benefits.
Life is full of uncertainties
You can get Life Cover, ranging from R200 000 up to R10 million.
Life Cover pays out a lump sum amount in the event of your death. You can choose between either our Life Simplified or Life Customised Life Cover options. Life Simplified offers you a quick and easy take up for cover amounts up to R1 million, whereas Life Customised provides Life Cover amounts over R1 million with more comprehensive cover options and flexibility in other product options such as Critical Illness and Disability Cover.
You have the option of the following benefits on Life Simplified and Life Customised:
Immediate Cash Benefit
Where you can receive an immediate 10% of the value insured as a pay-out to help with unforeseen expenses. You can choose to have this benefit activated on your plan at no additional cost, provided both you and your beneficiary have been an FNB or RMB customer for the past two years.
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Terminal Illness Benefit
Where you can claim the full sum you’re insured for if you are diagnosed with a terminal illness by a certified medical practitioner.
Critical Illness Cover
The purpose of Critical Illness Cover is to cover you for specified illnesses or injuries that have a financial impact on you, including those that you could recover from. An example would be if you were to have a heart attack and you were not able to work for a period of time, this would have an impact on your financial situation. This cover would help ease the financial burden that is created by this unexpected circumstance.
We cover 33 illnesses and pay out at a 100%.
Critical Illness Cover offers a 6-Month Premium Waiver Benefit, so when you submit a claim that meets FNB’s requirements, all premiums on your policy will be waived for 6 months.
The Standalone option will not affect your Life Cover amount when a claim is made. The advantage of the Standalone Critical Illness Cover is that it gives you comprehensive cover that can pay out up to 3 times on related illnesses.
Combined with Life Cover
The combined option will reduce your Life Cover amount by the Critical Illness amount claimed. The advantage of the combined cover is that it is more affordable, however, it only pays out once. This type of cover is sometimes referred to as accelerated cover or a rider benefit.
Continue living comfortably
Comprehensive Disability Cover
This cover pays out a cash lump sum in the event that you become permanently disabled and aren’t able to perform your own occupation and/or care for yourself (referred to as Activities of Daily Living). This not only covers you for your own occupation irrespective of you being able to perform a similar occupation, but also covers you if you are unable to care for yourself.
Activities of Daily Living
Because we want to put you in control, we give you the option to choose to only cover Activities of Daily Living. This means that you are protected should you become permanently unable to care for yourself and require help or supervision to perform simple daily tasks.
Disability Cover also offers a 6-Month Premium Waiver Benefit, so if you submit a disability claim that meets FNB’s requirements, all premiums on your policy will be waived for 6 months.
- Standalone Cover
The Standalone option will not affect your Life Cover amount when a claim is made.
- Combined with Life Cover
The combined option will reduce your Life Cover amount by the disability amount claimed. This type of cover is sometimes referred to as accelerated cover or a rider benefit.
Your FNB Life Simplified or Customised Insurance Policy allows you to receive a percentage of your monthly premiums back in eBucks, if you have met the qualifying criteria.
eBucks Rewards terms and conditions apply. For more details on the eBucks Rewards programme, and how to become a qualifying member, please visit www.eBucks.com .
- Qualifying criteria
Get in touch
Please call us on 087 736 7774 (option 2)
You need to be an FNB customer