Nedbank Insurance

Nedbank Group, which owns Nedbank Limited, is among the four biggest banks in South Africa.

It was founded in South Africa and has been publicly traded on the JSE Limited since 1969 and on the Namibian Stock Exchange since 2007. The company provides various banking services to individuals and businesses, offering asset management, insurance and wealth management products.

Strategic partnerships and the global presence of Nedbank Group

Nedbank Group, has been extending its operations into other parts of Africa. It operates in five Southern African Development Community (SADC) countries. Nedbank has established a strategic alliance with Ecobank Transnational Incorporated (ETI) to expand its presence in Central and West Africa. Additionally, the bank has representative offices located in Angola and Kenya.

Additionally, it maintains a presence in important global financial centres such as the Isle of Man, Guernsey, London and Jersey. It has a representative office situated in Dubai to offer international financial services to African multinationals and high-net-worth clients.

The modernization of Nedbank Group

The roots of Nedbank Group can be traced back to the creation of the Cape of Good Hope Bank in 1831. Over time, the bank underwent multiple changes in its branding and structure until it eventually became the Nedbank Group in 2003.

Today, the bank has formed strategic partnerships with other institutions worldwide and is known for being one of the most modernised banks in the country.

Building trust and respect through a client-focused approach

Nedbank Group aims to utilise its financial knowledge for the betterment of individuals, families, businesses, and society.

The organisation strives to become Africa's most esteemed financial services provider, as perceived by its employees, customers, shareholders, regulators, and society. The bank adheres to various values, including integrity, respect, accountability, people-centeredness, and a client-focused approach.

Ambitious targets set by the bank for medium-term growth

The bank has established challenging goals for the next few years. These objectives include increasing their earnings per share and return on equity to surpass their 2019 levels, lowering their cost-to-income ratio to below 54%, and achieving the top rating in the NPS rankings by the conclusion of 2023.

To achieve these objectives, the bank intends to concentrate on transactional relationships to promote growth and enhance its operational efficiency to increase productivity. The bank's approach to risk and capital management balances risk and return.

Nedbank provides essential insurance services to its clients, believing that something valuable to customers is worth insuring.

Their insurance offerings range from car and life insurance to funeral coverage and credit card assurance. The bank aims to offer affordable insurance solutions that ensure customers are covered in the event of unfortunate circumstances.

Protect your income with Nedbank's income protection insurance

Nedbank offers income protection insurance, which provides financial support to individuals unable to work due to circumstances beyond their control. This insurance replaces lost earnings and provides a regular income, giving customers peace of mind.

Nedbank's income protection insurance is flexible, affordable, and accessible to many customers. A dedicated team provides expert advice to help you select the best insurance product, especially if you aren’t sure if income protection cover wll suit you.

Nedbank's value added services for your convenience

Nedbank's insurance products are accessible through various digital platforms, including the Money app, Online Banking, and Cellphone Banking, allowing you to manage your policies and make claims from anywhere. The bank provides free benefits, 24-hour services, and other value-added services to ensure comprehensive coverage.

Beyond income protection: Nedbank's other insurance products

In addition to income protection insurance, Nedbank offers a range of other insurance products, including funeral, car, life, credit, travel, and business insurance. The bank's insurance products cater to small, medium, and large businesses, providing comprehensive customer coverage.

Flexible and affordable insurance solutions from Nedbank

Nedbank's income protection insurance is a valuable service that provides financial support to you during difficult times. The bank's flexible and affordable insurance products, expert advice and simple claims process make it an excellent choice for anyone seeking reliable insurance coverage. With Nedbank, you can have peace of mind knowing they are covered 24/7.

Benefits of applying for income protection insurance at Nedbank:

• Provides financial support to you if you’re unable to work due to illness, disability, or other circumstances beyond their control.
• Offers a regular income to replace lost earnings
• Flexible and affordable
• Provides expert advice from a dedicated team
• The straightforward and fast claims process
• Easy access to insurance products
• Offers free benefits, 24-hour services, and other value-added services