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Provider comparison · Updated May 2026

Santam vs FNB Insurance

How Santam and FNB Insurance compare on price, claims, products and rewards across the South African market.

Santam edges FNB Insurance on customer rating.

FeatureSantamFNB Insurance
Customer rating★ 4.6★ 4.3
Average premiumR790/pmR660/pm
Claims turnaround72h48h
Pricing tierPremiumMid-range
Flagship productComprehensive PlusSmart Car Insurance
Product rangePersonal Lines, Commercial, Agriculture, SpecialistCar, Home, Life, Funeral

Santam

South Africa's largest short-term insurer

Santam is South Africa's largest short-term insurer with a 100+ year history, serving personal, commercial and agricultural markets.

Strengths
  • Largest local insurer
  • Extensive broker network
  • Strong commercial offering
Trade-offs
  • Slower digital experience
  • Higher premiums on entry tier

FNB Insurance

Bank-linked short-term cover

FNB Insurance offers short-term and life cover bundled with FNB banking, with eBucks rewards and in-app policy management.

Strengths
  • eBucks rewards
  • Seamless banking integration
  • Easy app management
Trade-offs
  • FNB customers only for best rates
  • Underwritten by partner insurers