Select Country
What are you looking for?
We care more about making life easier for you!
Insurance Premium Financing
A short-term credit facility covering lumpsum insurance premiums 4-10 months. The product is available to both I&M Bank account holders and non-account holders. IPF works under general insurance policies that are normally placed or renewed for a fixed period of one year. Medical insurance policies are financed exceptionally from specifically approved underwriters.
Examples of Insurance Policies:
- Fire and perils
- Motor Commercial or Private
- Workmen’s compensation
- Burglary
- Golfers’ Policy
- Private Contractors all risk policy
- Professional & Indemnity Cover
Advantages of IPF to Customers
- Cash flow management tool
- Convenient and simple documentation
- Easy application process
- No credit appraisal
- Quick turnaround time
- No loan processing fees / extra charges.
- Competitive pricing
- Presented as a package with BA embedded.
Benefits
100% finance on applicable insurance premiums.
Reliable flow management tool
Convenient and simple documentation
Easy application process
No credit appraisal
Quick turnaround time
No hidden charges and commitment fees
Competitive pricing
Additional Details
Duly Completed IPF Application form
Copy of ID and PIN for individuals
Copy of Company Certificate of registration and Company PIN for Corporates. Company CR12 where applicable
Post dated cheques for non-account holders with I&M Bank Ltd. Cheques should be dated 30 days apart, with One (1) current cheque.
For account holders with I&M Bank Ltd, cheques are not required.
The name of the payee, on the post-dated cheques, is the name of the insured/IPF applicant.
Want Insurance Premium Financing?
For more information contact your Relationship Manager or Customer Service representative or Email us at [email protected] or call 0719 088 264/269
Apply in person
Request Call Back
One of our representatives will call you back as soon as possible.
We are available from 9:00 AM to 4:00 PM Weekly.
Apply for a loan
One of our representatives will call you back as soon as possible.
We are available from 9:00 AM to 4:00 PM Weekly.