Guiding consumers since 2009

FirstRand Group to offer life insurance

By Staff Writer
by Jessica Wood, journalist,

According to a recent report, the FirstRand Group is looking to diversify its business. One of the ways that this will be done is with the introduction of a life insurance business.

Justmoney contacted First National Bank (FNB), a subsidiary of the FirstRand Group for comment. Lee Bromfield, CEO of FNB Life said: “A license to provide long-term insurance services was awarded to the [FirstRand] Group by the Registrar of Long-Term Insurance at the Financial Services Board on 3 March 2015.”

However, FNB said that it was unable to comment further on the matter as they “are not in the position to formally make announcements at this stage.”

FirstRand Group CEO, Sizwe Nxasana is reported to have said that the new life insurance division of the business will offer life and disability insurance.

“It will be different from how traditional life companies operate. It will have new ways of underwriting risk.”

Recent Articles

Featured Lock down your finances

There are quite a few things that may influence your personal finances. These include an economic recession, losing your job, not receiving your full salary, your company closing, or even a state of disaster in your country, such as the current lockdown due to the Covid 19-outbreak. 

Ensure your family doesn’t feel the impact of your retrenchment

Retrenchment doesn’t only change the way you view yourself; it also alters the relationship between you and your family. Things can go from good to bad within a short space of time. But you can do something to prevent your family from feeling the impact of retrenchment.

Someone got injured on my property – now what?

Life is unpredictable and no matter how careful we are, accidents happen. But what if someone has an accident while visiting your house? Your guest could fall off the stairs, slip on the floor or get bitten by your dog. 

Are you ready for a house upgrade?

You moved into your home knowing one day you would need to make some changes to turn it into your dream home - add a new bedroom, a second bathroom, build a double storey or even move out.


Baby Boom Toy Specials

Price: Available on request
When: Daily
Where: Online

Readers’ Warehouse Book Bundle Deals

Price: From R40
When: While stocks last
Where: Online

Bidorbuy Crazy Wednesdays

Price: From R1
When: Daily
Where: Online

Latest Guide

Complete guide on personal income tax