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Our Story
FMI was established in 1995 and was one of the first Financial Services Providers to provide Income Protection for self-employed individuals and commission earners. We understand that self-employed individuals face certain business challenges and have specific cover needs, including needing cover for an immediate loss of income. From the start, our products have been tailored with the needs of these individuals in mind.
If you fall ill or are disabled, FMI will respond with empathy and speed to sustain you financially during your time of need. Our commitment to ease of process and claim certainty will allow you the time and peace of mind to recover and maintain your lifestyle during this difficult time.
Our Business Partners
FMI acts as a Managing General Agent for a number of insurers and we do not hold either a Short Term or Long Term insurance licence. We package insurance benefits into niche market products, and carry out the administration and marketing of these products on behalf of the insurers without carrying the risk of these products. We believe that the combination of a highly focused product provider and the strong backing of our underwriters and re-insurers (Swiss Re and RGA Re-Insurance) provide our clients with an unbeatable risk solution.
Lombard Insurance Company
In 2009, FMI entered into a partnership with Lombard and in 2010, Lombard acquired a 75% shareholding in FMI. Recognised and respected for its expertise and superior products, Lombard has impeccable financial credentials and enjoys a reputation for independence, reliability, and exceptional client service. This enables FMI to effectively deliver on our promise of continuous product development and service excellence.
IFAnet
In July 2010, FMI and IFAnet concluded a distribution agreement which has seen FMI’s specialised Income Protection Products being distributed through IFAnet’s extensive broker network. With both companies searching for growth and diversification, a partnership was inevitable.
ABSA
For the past 11 years, FMI has been chosen to provide ABSA Advisers with a compulsory Income Protection scheme (AIFA) to protect their income in the case of disability. This year, we partnered with ABSA LIFE to offer their clients a specialised Income Protection solution (ABSA LIFE BPE) as part of the ABSA LIFE @ ease product range. We plan to continue to offer the highest level of service and professionalism in all our ABSA-associated projects.