FNB Lesotho launches funeral cover plan
The new FNB Funeral Plan offers up to M100,000 in cover for as many as 21 family members under a single policy.
FNB Lesotho has introduced a new funeral plan in partnership with LNIG Hollard, providing up to M100,000 in cover for up to 21 family members. The product, launched in Maseru, aims to offer financial assistance during times of bereavement, with premiums starting at M1.63 per day. FNB Lesotho Chief Executive Officer Delekazi Mokebe highlighted the importance of partnerships in developing solutions that meet customer needs and support Basotho families.
According to FNB Lesotho Insurance Manager Gloria Senatsi, the plan reflects the bank's dedication to creating products that adapt to evolving customer requirements. She stated that the FNB Funeral Plan, an extension of the bank's 'Help Changes Everything' philosophy, includes inclusive features designed for the current market. FNB Lesotho Retail Banking Executive Nthabeleng Khoali added that the plan helps customers manage significant life events with greater confidence.
LNIG Hollard Chief Executive Officer Mpho Vumbukani emphasized that collaborations between financial institutions and insurers can broaden service accessibility. He noted that FNB's existing customer base and distribution networks would allow LNIG Hollard to reach more clients through familiar channels. Vumbukani also stressed that such partnerships should prioritize delivering tangible benefits to customers and stakeholders beyond commercial interests.
Why it mattersBasotho families are affected by the new funeral plan which provides financial protection during bereavement.