First National Bank (FNB) is offering customers a funeral plan via cellphone banking.
FNB Life, the bank's insurance distribution and administration arm, has introduced the new option to allow customers to take up funeral insurance anywhere and anytime, says the bank.
"We plan to drastically improve convenient access to funeral insurance by maximising FNB's readily available infrastructure," says Lee Bromfield, CEO of FNB Life.
Bromfield adds: "Cellphone banking is one of the most used channels for consumers to access financial products. South Africa's high mobile penetration means that consumers across the country, including rural areas, will now have easy access to great quality funeral insurance from a provider they can trust... Consumers are now in control of a transparent take-up process to get the cover they want and need, under terms and conditions they understand."
FNB account holders can immediately use the FNB cellphone banking platform to take up funeral cover.
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