Introducing the Business Credit Protection Plan
Financial protection for your business in the event of unfortunate circumstances
Business debt paid in full
In the event of your death, or if you are diagnosed by a certified medical practitioner with less than 12 months to live, or if you become permanently disabled and you can no longer take care of yourself, your business debt will be paid in full.
Minimum monthly repayments covered
In the event of a disability that lasts more than a month, but is not permanent, the minimum monthly instalments across all your insured FNB Business credit facilities may be paid for for up to 12 months.
One premium, multiple products covered
Cover a combination of your FNB Business credit products; Overdraft, Revolving Loan, Term Loan, Credit Card and pay a single premium.
Immediate cover that's simple and easy
No questions, medicals or underwriting
Cover is simple and easy to take up and stays in place for as long as there's an active FNB Business credit facility linked.
Cover is immediate
The cover pays out immediately in the event of accidental death, 3 months waiting period for disability claims and 12 months for suicide and pre-existing conditions.
Covers multiple FNB credit facilities
The Business Credit Protection Plan covers your FNB Business overdraft, credit card, revolving loan and business term loan.
Affordable and based on usage
The premium is based on a fixed rate per R1 000 calculated on average monthly usage for the revolving facilities and total outstanding balance on the term loans.
