When you have valuable properties and items, insurance offers
you protection against unforeseen risk. Yet paying huge annual
insurance premiums can be a financial strain to your cash flows.
Our Insurance premium finance facilities are designed to allow you
to pay annual insurance premiums over a longer period through
By working with your insurance broker, we can finance the lump
sum premium bill.
You will then be required to make equal monthly installments for
a maximum period of 10 months. BancABC will be secured by a cession
over the Insurance policy of the finance policies. Benefits
accruing from the policies will be for the Bank's account.
- This facility eliminates the requirement for a large up-front
payment to an insurance company.
- You can combine multiple insurance policies into a single
premium finance contract, allowing for a single payment plan to
cover the entire policy.
- You can obtain needed coverage without liquidating other