Insurance Premium Finance - IPF
n consideration of the changes in regulations in the Insurance Sector making Cash deposit mandatory before Cover for all insurances.
Features & Benefits
- Maximum eligible amount - 80% of the Total Annual Insurance Premium Payable or Amount of Insurance due for Unexpired period.
- Minimum Amount of USD 500 or TZS 1,000,000
- Tenor - 12 Months or less if unexpired Insurance period is less than 10 months
- The mandatory deposits of two months instalment.
- The installment payment mechanism is Post Dated Cheque or Standing Instruction to debit account with EXIM Bank for instalment basis.
Requirements
- Copy of ID
- 3 Passport Size Photos
- Resident, Work Permit (Non-Tanzanians)
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