FNB and Momentum Metropolitan join hands for funeral cover
Collaborating for an affordable cause
The funeral cover will provide cover without the need for medical underwriting.First National Bank and Momentum Metropolitan Namibia have partnered to offer affordable funeral cover to FNB clients, underwritten by Momentum Metropolitan.
The two financial institutions said the collaboration will provide immense value to FNB clients in Namibia. The funeral cover will provide cover without the need for medical underwriting, ensuring that FNB clients have access to affordable financial solutions that meet their needs. The institutions have previously established a strategic partnership through FNB's credit life offering, which is also underwritten by Momentum Metropolitan, making this an additional and not the first collaboration between the two.
Momentum Metropolitan's group chief executive officer, Sakaria Nghikembua, said the company will reach more people in Namibia with affordable products because of this. He said this collaboration reflects the company’s commitment to excellence and innovation as they strive to serve Namibians.
Head of insurance at FNB, Georg Garrels, said: "We are delighted to expand our existing partnership with Momentum Metropolitan. Our credit life offering has been successful, and we look forward to collaborating further to provide our clients with an affordable and comprehensive funeral cover product."
The new family funeral cover is a whole-life comprehensive funeral policy that gives clients the choice between an individual life plan and a family bundle plan. Parents and extended family members can be covered additionally at a premium per life insured. All lives, including the children, will be covered for life.
Furthermore, an accidental death benefit is provided to the main life insured and their spouse at no additional cost. This benefit ensures that the family is financially protected in the event of an unexpected accidental death.
Easy to sign up
Family funeral cover is available to any citizen or legal permanent resident of Namibia who is a FNB client. The cover can be purchased at an affordable premium. To make accessing the family funeral cover as easy as possible, clients can sign up by sending an SMS with the word 'Funeral' to 34778.
Clients can access affordable and comprehensive funeral cover telephonically, without the need for complex medical underwriting or an in-person visit to the branch. This process allows clients to quickly and easily acquire cover, ensuring financial security and peace of mind during an otherwise stressful time.
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