The new FNB Funeral Plan, developed with LNIG Hollard, offers up to M100,000 in coverage for 21 family members, with premiums starting at M1.63 daily.
FNB Lesotho has introduced a new funeral insurance product designed to support families during times of bereavement. The FNB Funeral Plan, a collaboration with LNIG Hollard, provides coverage of up to M100,000 for a maximum of 21 family members under a single policy. Premiums for this plan begin at M1.63 per day, making it accessible to a wide range of customers.
The bank stated that the product aims to offer practical support and financial protection, reflecting FNB Lesotho’s commitment to developing solutions that meet evolving customer needs. FNB Lesotho Chief Executive Officer Delekazi Mokebe highlighted the importance of partnerships in creating customer-centric offerings, while Insurance Manager Gloria Senatsi emphasized the plan's inclusive features. Retail Banking Executive Nthabeleng Khoali added that the plan is an answer to the bank's ongoing question of how it can help customers navigate significant life events.
LNIG Hollard Chief Executive Officer Mpho Vumbukani underscored the value of collaboration between financial institutions and insurance providers, noting that FNB's extensive customer base and distribution networks will help extend services to more people. He stressed that such partnerships should extend beyond commercial interests to deliver tangible benefits to customers and stakeholders, focusing on insurance solutions that positively impact the well-being of those they serve.
Why it mattersThe FNB Funeral Plan offers financial protection to Basotho families during bereavement, with coverage for up to 21 members.
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