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How Does Insurance Premium Financing (IPF LOAN) Work?

Insurance Premium Finance is a short term loan product that allows your business to spread the cost of large annual insurance premiums. It pay the cost of your insurance in one sum directly to your insurance provider and then your business repays the cost in monthly repayments over an agreed term. We provide this service over a 3-10 month period to our customers, while our financing solutions range between KES 20,000 as the minimum and KES 400,000 maximum amount.

The IPF loan involves a tripartite agreement between the customer, the insurance company (guarantor), and the NCBA BANK (financier).

Requirements:

1. Copy of I.D / Registration Certificate
2. KRA Tax Certificate Number
3. Memorandum/Article of Association for Companies
4. Copy of I.D of Directors
5. CR12 Certificate
6. CRB Free
7. IPF Loan Form Completed by Insurer and Applicant

NCBA IPF FORM

NCBA IPF RATE CARD

LIFE Insurance Form

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