Insurance Premium Finance (IPF)
Intended to provide ease on payment of annual insurance covers through the Bank paying off the annual premium to the insurance company and client repaying Akiba Bank on monthly installments at an agreed interest rate.
Target Client Category
Bank and Non-Bank insurance clients who have a confirmed source of monthly income.
Purpose of Insurance Premium Finance
Meet insurance needs for the client
Client can manage their cash flow properly due to ease of premium payment
Builds client’s loyalty as the Bank shifts from product-base to client-one-stop-shop.
Currency
Tanzanian Shilling (TZS) and United States Dollar (USD)
• Terms and conditions apply
For further information please visit any Akiba branch near you or call +255 746 811 510