First National Bank (FNB) and Momentum Metropolitan Namibia are proud to announce a new collaboration that will provide immense value to FNB clients in Namibia. The two financial institutions have partnered to offer affordable funeral cover to clients of FNB underwritten by Momentum Metropolitan.
The partnership between Momentum Metropolitan and FNB will see the launch of an affordable funeral cover product for FNB clients, which will be underwritten by Momentum Metropolitan. This new product will provide comprehensive cover without the need for medical underwriting, ensuring that FNB clients have access to affordable financial solutions that meet their needs.
This is not the first collaboration between FNB and Momentum Metropolitan, as the two financial giants have previously established a strategic partnership through FNB’s credit life offering, which is also underwritten by Momentum Metropolitan.
“We are delighted to expand our existing partnership with Momentum Metropolitan,” said Georg Garrels, Head: Insurance at FNB. “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.”
Momentum Metropolitan’s Group Chief Executive Officer, Sakaria Nghikembua, was incredibly pleased with the partnership. He said that the company would be able to reach more people in Namibia with affordable products because of it. He also mentioned that this collaboration reflects Momentum Metropolitan’s commitment to excellence and innovation as they strive to serve Namibians adding, “This decision is in line with our commitment to providing innovative and affordable financial solutions to our clients, whilst ensuring financial inclusion of all Namibians.”
The new Family Funeral Cover is a whole life comprehensive funeral policy which 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.
Family Funeral Cover is available to any citizen or legal permanent resident of Namibia who is an FNB client and can be purchased at an affordable premium. To make accessing the Family Funeral Cover as easy as possible, clients can sign up with just a few simple steps. 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 innovative and convenient process allows clients to quickly and easily acquire cover, ensuring financial security and peace of mind during an otherwise stressful time.
FNB and Momentum Metropolitan are committed to unlocking value for their clients by providing innovative and affordable financial products that offer peace of mind and financial security. This partnership demonstrates their shared commitment to providing accessible, reliable, and affordable financial solutions that meet the needs of their clients.