Insurance Premium Financing
Insurance Premium Funding (IPF) is a financing solution by Jawabu that allows you to pay your insurances as monthly installments rather than one large payment. With Jawabu IPF, we pay the underwriter and allow you to repay the premium in affordable monthly installments.
Features
- Finance up to 100% of the premium amount to a maximum of Ksh 120,000
- Minimum repayment tenor of 3 months and a maximum of 6 months
- Repayments are via equal monthly installments (EMIs).
- Loans are payable through postdated cheques and standing orders
- Very competitive pricing
Frequently Asked Questions (FAQ)
1. Who are the target customers?
This product is available to both Individuals and Business Clients.
2. What is eligible for financing?
Whether it’s a fleet of cars, your business premises or even home, Jawabu Biashara will finance your insurance premiums and allow you to repay in affordable monthly premiums.
3.What are the benefits of Jawabu IPF to the target customers?
- Immediate access to annual insurance cover
- Enhances business cash flow management
- Lifts the burden of lump sum insurance premium payment
- Flexible repayment periods for the insurance premium