FNB Zambia has announced that it will begin to distribute Short-Term Insurance solutions for both Retail and Business customers through a partnership with Minet Zambia. Customers can now get affordable General Insurance with monthly payment options through FNB Zambia outlets.
In a statement made available to the Zambian Business Times – ZBT by FNB Head of Strategic Marketing and Communications Clotilda Mulenga, the Short-Term Insurance Partnership between FNB and Minet is a significant milestone in the strategic intent of both businesses and will further enhance financial inclusion and increase insurance penetration in Zambia in line with the Government’s Financial Literacy Agenda.
FNB outgoing Chief Executive Officer Leonard Haynes says the bank is thrilled to announce the enhancement of its insurance offering, enabled by a landmark partnership with Minet as the insurance broker.
“Effective 4 May 2020, FNB became the first bank to act as a distributor for Household, House Owner, Building, Motor and Fire and Allied Perils cover, under this model, FNB will be the first bank to be able to print Motor Insurance Cover Notes (Car Insurance Disks) at branch level.
These documents can then be collected at a branch of choice to avoid customers queuing up, while all other policies can be communicated electronically or printed if requested by a customer,” He added.
Haynes said over the last 11 years, FNB Bank has worked to become a complete one-stop financial services provider to its customers, with a strong focus on digital solutions and that the timely launch of its new paperless, and system-driven model ensures that customers can get cover safely and conveniently, further reducing the risks associated with the ongoing COVID-19 pandemic.
“With a transformative approach to insurance and risk advisory business modelling over the last 70 years, Minet Zambia is excited to partner with FNB Zambia as a distribution link to deliver various products and services to its clients through easy to access digital platforms” added Humphrey Kabwe, Minet Zambia MD.
