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Screenshot of BNP Paribas Insurance Options

Insurance is the one thing we don’t want, but can’t seem to live without. It helps in those unforeseen events where disaster and calamity reign. Without insurance, disaster and calamity can cause a multitude of problems and financial issues are just a small part of it. Without the right cover in place, consumers put themselves at risk. Therefore, it is vital that consumers are 100% aware of what they’re getting themselves into when signing up for insurance. The right product with the right institution can make a world of difference when that unfortunate moment happens. BNP Paribas Insurance is not short on products, but will it meet the needs of the customers? This review takes a closer look to determine just that.

We recently did a review on the Santander UK range of insurance products.

About BNP Paribas

BNP Paribas
Screenshot of the History of BNP Paribas

The early 1800s when banking just started flourishing, BNP Paribas was established on shores that were not French. Initially founded in Brussels, the bank made its appearance in France shortly thereafter, but soon became a way of life for the locals. The bank was at the forefront of Anglo-French relations, and this was to set the tone for international business. It served the bank well as it managed to claim quite a large customer base. An expansion was necessary and soon the bank started setting up branches all over the world. Currently, the bank is regarded as one of the major players in the banking world. It is also a game changer as it promotes the integration of a cashless society.

BNP Paribas Insurance Product Offerings

Property Insurance

Home Insurance

This is the ideal insurance for those who wish to have cover for their homes and their possessions. Also, the insurance provides civil liability cover for all the members of the household.

  • There are five policies to choose from and customers have options between different cover levels and lifestyle options. This means the policies are fully customizable.
  • Customers have the option to add electrical damage to their policy. This cover is not the same as fire insurance, as it covers power surges and more.
  • Furthermore, there are no upfront costs when customers decide to use the bank’s partner repair services to fix the damage in their home.
  • Finally, the customer service team is available 24/7.
Auto Insurance

Not only does this insurance cover the vehicle in the event of an accident, but also protects the owner. Furthermore, there is compensation of up to EUR 1 million for personal injury.

  • Customers choose between five different policies and four additional guarantees.
  • Some of the options include Third Party, All-Risk, and more. This means the policies are entirely customizable to suit the needs of the customer.
  • Furthermore, customers who find themselves in Metropolitan France will only need to wait up to an hour for help to arrive.
  • Customers also benefit from specialized advice in the event of a breakdown.
  • Finally, road safety is a priority and those who are within 50 km from their home can request a driver if they are in no position to drive.
Mobileo

Customers who don’t want to suffer too great a loss when their gadgets are stolen will find this insurance category ideal. Furthermore, the monthly installment is an affordable EUR 9.90 per month.

  • The cover includes theft, breakage, and accidental water damage.
  • Many devices are covered under the comprehensive option, such as mobile phones, tablets, laptops, digital cameras, and more.
  • Also, sign-up to the policy takes place online, which makes it simple and easy to join.
  • Furthermore, customers also enjoy cover should their smartphone or tablet screen break.
  • Finally, this policy covers everyone in the household.
Card and Personal Belongings Insurance

Customers have two options to choose from in this category. The first is the BNP Paribas Security Plus option the protects the entire family. It covers payment instruments from any bank and personal belongings such as keys, official documents, handbags, and identity theft.

The second is BNP Paribas Security which is designed for the individual. It covers payment instruments and personal belongings.

Alarm and Remote Surveillance System

This offers customers complete security for their home. It provides customers with a security with a human face. There is also complete coverage by the Protection 24 teams. Furthermore, the system is managed remotely and customers have access to a mobile app to manage their profile. Finally, customers enjoy peace of mind with a fast and responsive reaction that will alert the police in the event of an emergency.

Rental Property Investor Insurance

Customers who have a property but they’re concerned that their tenants might damage it or not pay their rent, should consider this option. Also, the total coverage limit is EUR 80,000 per claim.

  • This cover is in place for an unlimited period.
  • The policy offers cover from the first missed payment, which is subject to the terms and conditions of the policy.
  • Customers are also in a position to choose seek assistance to choose their tenant. The paperwork is handled by the bank to ensure the right tenant is chosen.
  • Furthermore, customers enjoy full coverage of the damage to their property.
  • Finally, customers are protected should there be a dispute with the tenant.
Motorcycle or Scooter Insurance

With this cover, customers enjoy compensation of up to EUR 200,000 for personal injury.

  • Customers have access to roadside assistance in the event of incident wherever they are.
  • The policy also includes reimbursement for helmets, broken windshields, and airbag jackets.
  • Finally, customers enjoy access to a replacement vehicle in the event of a breakdown or accident.

Another French institution known for its impressive insurance range is Credit Agricole.

Life Insurance

Screenshot Life Insurance Options BNP Paribas
Multi-Investment Life Insurance

This is a multi-investment policy that is designed to protect the policyholder’s loved ones for the future. Furthermore, it allows customers to build capital and diversify their savings.

  • Customers enjoy a competitive rate of return on their funds.
  • This is a life insurance product that also offers a long-term savings option.
  • With this product, customers can diversify their savings from secure to incredibly dynamic.
  • Customers may save at their own rate and choose flexible or fixed rates.
  • There is also the option of full or partial surrender. However, there might be tax implications.
  • The policy allows customers to customize the life insurance portion.
  • Finally, customers benefit from the favorable taxation rates to their beneficiaries in the event of a payout.
Multi-Investment Future Life Insurance

Customers who wish to provide for the children’s future projects will find this a suitable option. Furthermore, customers enjoy a great rate of return on their funds.

  • The policy is adaptable and suits any budget. Customers also decide on their method and frequency of payment.
  • These funds are flexible and provide customers with access to funds for special events such as birthdays.
  • Customers control the policy until their child reaches the age of 18.
  • The policy allows customers access to a life insurance portion as well.
Individual Retirement Savings Plan

This is the ideal policy for those who want to prepare for their retirement. Also, this type of policy holds some tax benefits as well.

  • Customers benefit from a tax advantage right from the start.
  • They also have access to a very competitive interest rate.
  • The customer decides the frequency of their deposit and whether they will make manual or automatic payments.
  • Finally, customers have a range of options available to them when it’s time to choose their annuity.
Life Insurance and Retirement Plan

Customers who want to prepare for a secure retirement will find this a good option. Furthermore, customers have the benefit of capital or a guaranteed income.

  • The capital is guaranteed at maturity.
  • Also, customers have access to long-term investments that offer terms of 8 to 40 years.
  • The policy aims to earn customers long-term performance through the managers of BNP Paribas Cardif.
  • Finally, the savings are available at any time.

Personal Insurance Products

Borrower Insurance

This cover is perfect for those who have a mortgage loan. Furthermore, customers have peace of mind that their insurance costs will never change throughout the life of the policy.

  • Customers enjoy immediate coverage as the agreement takes place in minutes.
  • The policy also follows a simplified process for medical exams if certain criteria are met.
  • Also, customers benefit from comprehensive coverage.
  • Finally, customers have the opportunity to deal with experts in their field.
Savings Insurance

Customers have access to nine risk insurance policies. These provide for the payment of a death benefit to beneficiaries. Furthermore, the policy covers incidents such as accidental death.

  • The accidental death benefit pays out irrespective of the capital accumulated in the savings account for this policy.
  • Customers enjoy a fixed rate irrespective of their age.
  • Furthermore, no medical check is required for this policy.
  • Finally, the capital paid to the beneficiaries is exempt from inheritance taxes.
Risk or Disability Income Insurance

This cover is ideal for those who want to protect their income in the event of loss of employment, work leave, and more. Also, customers have two policy options.

  • Customers enjoy peace of mind that the sign-up and payout process is simple and efficient.
  • The contract can be modified to suit the needs of the customer.
Personal Accident Insurance

Customers who want to protect their families against everyday accidents will find this policy suitable. Furthermore, this is a single policy that covers the entire family.

  • This cover protects policyholders wherever they find themselves across the world. It includes hospitalization, permanent disability, and death resulting from an accident.
  • Customers know their compensation in advance and the benefit cap is EUR 1 million.
  • Furthermore, once the cover is applied for it kicks in immediately.
  • Finally, customers enjoy superior assistance throughout the duration of their policy.
Funeral Insurance

This insurance provides a guaranteed compensation from EUR 3,300 and allows policyholders to die with dignity.

  • There are no upfront costs should customers go with a funeral director from the bank’s network list.
  • Customers enjoy services that will meet their budget.
  • Furthermore, the instructions left with the bank are honored at all costs.
  • Finally, customers enjoy professional consultations throughout the agreement.
Family Life AD&D Insurance

Customers who require cover in the event of death or total and irreversible loss of independence should find this a good candidate. Furthermore, it covers no matter the cause, such as accident or illness.

  • The policy provides cover amounts that range from EUR 3,000 to EUR 30,000.
  • Customers choose the benefit for each beneficiary in the event of death.
  • Furthermore, the policy is fully customizable and customers can make amendments at any time.
  • Also, customers enjoy immediate coverage for accidental death while they’re waiting for their policy to be in place.
  • Finally, the double option allows customer to double their coverage level in the event of an accident.
Body Repatriation Insurance

Customers who live far from their families or who do a lot of traveling might find this policy valuable. It provides a transportation services of the deceased to their chosen place of burial.

  • The policy doesn’t require policyholders to go for a medical exam when they sign up.
  • Customers enjoy immediate assistance in the event of death of the policyholder.
  • Furthermore, the policy covers the travel of a family member of the deceased between their home and the place of burial to accompany the deceased.
  • Finally, there is no odious amount of paperwork during a claim. Claims are simple and efficient.
School Insurance

Anything can happen and this is true even at school. This policy offers customers the choice between two policies.

  • The cover is in place at school, traveling to and from school, during activities and after school projects, during vacations, and also during internships.
  • Also, the cover is in place in France and abroad for various reasons.
  • Furthermore, the cover runs from nursery school to higher education.
  • Finally, the aim of the policy is to ensure that the child does not miss out on education. This means covering any remedial classes the child may need in the course of their student academic programs.
Cat or Dog Insurance

Pets are often more than just pets and are considered to be part of the family. It only makes sense that owners would want the best treatment for them when it comes to veterinary visits.

  • The policy covers veterinary fees in the event of accident or sickness.
  • Also, the coverage is maintained throughout the pet’s life and owners have a choice between two policies.
  • Furthermore, it covers all breeds of cats and dogs.
  • There is no check-up required for customers to sign up.
  • Finally, the rate is the same across the different breeds of pets.

Complementary Health Insurance

Crystal Studies

This is a great policy for students who study overseas. Furthermore, they enjoy reimbursements of up to EUR 200,000.

  • The cover extends to all the countries they visit and even temporary returns to their company of origin.
  • Also, the cover extends to many different situations such as internships, travel, studies, and more.
  • Customers enjoy immediate reimbursements in the event of an emergency.
  • There is also access to a translation service, legal support, and more.
  • Finally, this cover complies with the international requirements.
Health Insurance

There are three different policies to choose from to allow customers some flexibility within their budget.

  • Customers enjoy immediate coverage without medical checks or waiting periods.
  • They also enjoy immediate repayment once the bank receives payment information from the Social Security office.
  • Furthermore, customers enjoy long term coverage regardless of the state of their health.
  • The policy provides access to 24-hour support, which includes a doctor or an ambulance in the event of a home emergency.
  • Finally, this cover is international and customers benefit from assistance abroad as well.

Deutsche Bank offers a great range of products in the insurance category.

Critical Reviews Rating BNP Paribas Insurance – 10 of 10

Screenshot Insurance Claim Options BNP Paribas

There is simply nothing to add to this range of policies that could make it any better. Customers can simply have a look through all that is on offer and make their choice. There is no need to even look around for a bigger variety, as it will be hard to come by.

We are simply in awe of the spectacular range and attention to detail. There is no way we could grant anything less than a perfect score.

Have a look at the South African Bank, Standard Bank's insurance performance. 

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