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Insurance Premium Finance

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Insurance Premium Financing

Insurance Premium Finance

Insurance Premium Financing is a loan product designed to finance payment of non-life insurance premium due to an insurance company from the Insured. The Bank enters into an agreement with the Insurer and the Insured whereby the Bank agrees to pay immediately in full the insurance premium of the Insured on the terms and conditions stipulated in the IPF agreement. IPF requires endorsement by an Insurer as it creates certain rights and financial interest of the Bank in the insurance policy financed and should therefore be noted in the policy appropriately.

General Insurance

Motor vehicle
Household-domestic protection
Fire insurance
Card insurance
Medical
School package
Personal Accident
Marine insurance
Professional indemnity
Public liability
Computer all risks/electronic equipment
Goods in transit

Life Insurance

Child Education policy
Household-domestic protection
Individual life assurance policy – Endowment
Family life assurance
Group life assurance
Salary protection
Unit linked
Mortgage protection
Credit life assurance
Karo plan – Schools
Keyman insurance

By choosing I&M Bancassurance Intermediary Limited as your preferred insurance partner, you will enjoy the following benefits:-

Convenience

With our “one stop shop” for financial services, customers can now get their insurance requirements met at any I&M Bank branch.

Reputable Companies

We have partnered with underwriters who have vast experience, sound financial strength and satisfactory claims settlement record.

Competitive quotations

Flexible and competitive pricing of insurance covers.

Professional advise

Professional staffs that are well qualified to assist you pick the most suitable cover.

Quick turnaround time

Insurance certificates and cover notes for motor and property insurance respectively will be issued and collected at the Bank.

Flexible payment plan

Automatic access to our Insurance Premium Financing (IPF), which enables payment of premiums in 4-10 installments. For cash payments, premiums are collected directly from customer’s bank account in I&M Bank.