Insurance Premium Financing

Insurance Premium Financing (IPF) is a facility that enables you to pay your insurance premiums in installments rather than in one lump sum amount. IPF is only taken for short term policies, that is, those that are renewable annually.

Examples of such insurance policies:

  • Fire and perils
  • Motor – Commercial or Private
  • WIBA
  • Burglary
  • Medical Insurance
  • Contractors all risk
  • Group Life

IPF allows an organization to obtain needed coverage without liquidating other assets or offering up collateral as with ordinary loans. For organizations, multiple insurance policies can be attached to a single premium finance contract allowing for a single payment plan to cover all insurance coverage.

BENEFITS

  • No credit appraisal for the facility to be taken up
  • Convenient and simple documentation
  • Easy application process
  • Quick processing time
  • No hidden charges or fees
  • Competitive pricing
  • Turnaround time for payment of premium to the Insurance Company is 48 hours.

REQUIREMENTS

  • Copy of National ID/PIN for individual applicants
  • Copy of Certificate of Incorporation/ Certificate of Registration for business entities
  • Company PIN
  • Copy of Memorandum & Articles of Association, Partnership Deed or other constitutive document as per registered entity type for corporate entities

Apply for Insurance Premium Financing

All you need to do is provide your details in the application form.

NOTE: WE DO NOT ASK FOR ANY MONEY FOR LOAN APPLICATION.WE ALWAYS ISSUE A RECEIPT ON ALL OUR TRANSACTIONS