Prepare for Tomorrow with the NBS Funeral Cash Plan (FCP)
We are pleased to advise that NBS has introduced the Funeral Cash Plan, in partnership with Fidelity Life Assurance. This arrangement provides an immediate lump sum payout in cash upon the death of a member. Paid-out funds can be used to meet the many expenses that arise when there is loss of life. All NBS clients as well as non-account holders can join and there are no medical requirements to be met.
FCP Premiums
The table below shows the premium/amount to be paid by different categories of individuals to benefit from FCP cover:
Lump Sum Payout Amount | Monthly Premium per person and per benefit | ||
Adult | Child | Senior Citizen (Aged Between 65 & 75) | |
$1,000.00 | $1.00 | $0.80 | $1.50 |
$2,000.00 | $2.00 | $1.60 | $3.00 |
$3,000.00 | $3.00 | $2.40 | $4.50 |
Benefits of the FCP:
Sign-up for the NBS FCP and empower yourself by preparing for life’s eventualities.
FREQUENTLY ASKED QUESTIONS – NBS FUNERAL CASH PLAN
Yes, all children up to age 18 or 23 if they are undergoing formal tertiary education.
Adult dependents in the nuclear family may also be covered in the policy.
It is a pay as you go policy.
Cover is immediate upon payment of first premium.
There is instant access to benefits upon death.
Fill in a claim form, attach a burial order/death certificate and submit to any NBS Branch.
The policy will lapse after two consecutive months without paying premiums.
Benefits will be paid/transferred into the beneficiary’s bank account.
Funeral services will be provided by Fidelity Funeral Services up to the sum assured.
This is a USD policy and benefits will be paid in USD.