Group risk benefits
Reach out to your insurer and check the
policy conditions of the group risk benefits
you are paying for your employees.
You will want to check:
- The coverage of your policies for Covid-19
- The existence of services/tools embedded in the product that may be of service to your employees in a time like this.
Below, we outline the relevant elements of our FNB insurance products.
We would like to assure you that there are no new exclusions for COVID-19 on any FNB Life products. This means that you and your employees will remain protected for this and all of life's eventualities.
- COVID-19 is covered by FNB Life in the same way that other natural diseases are. If you have an FNB Life Policy, for example, Group Risk Simplified, an Employer's Funeral Plan or Key Persons Insurance, or any of our products that pay on the death of an insured life, then you and your employees will be fully covered if they pass away due to COVID-19 (standard waiting periods apply, please see below for more information).
- FNB Life Capital Disability benefit clients are also covered if they meet any of the applicable claims' definitions for their benefit as a result of contracting COVID-19.
- Additionally, employees covered by FNB Group Risk Simplified or the FNB Employer's Funeral Plan can make use of our dedicated free telephonic medical service which gives them telephonic access to professional nurses, in any of the 11 official South African languages, 24 hours a day, 365 days a year.
Applicable waiting periods across the product range:
| Event |
Group Risk Simplified |
Employer's Funeral Plan |
Key Person Insurance |
|---|---|---|---|
Accidental Death |
None |
None |
None |
Natural Death |
None |
3 months |
None |
Suicide |
6 months |
12 months |
24 months |
Disability |
9 months |
N/A |
None |
