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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.