Insurance Premium Financing

Flexible Insurance Payments, Hassle-Free Coverage

Insurance Premium Financing (IPF) allows SMEs and salaried individuals to spread their insurance premium payments into manageable monthly installments, ensuring continuous coverage without upfront financial strain.

Who Can Apply?

• SMEs – Businesses needing insurance for assets, liability, or other general coverage.
• Salaried Individuals – Those financing personal insurance (e.g., motor, health, property).

Key Features

Flexible Payments – Repay in equated monthly installments (EMIs) over up to 10 months.

Direct Payment to Insurer – Loan proceeds go directly to the insurance company.

Loan Amount – From KES 20,000, with the maximum based on repayment ability.

Requirements

• Completed IPF loan application/agreement form.
• Risk Note from an approved insurer or broker.
• Proof of the first installment in your operating account.

Stay covered, stress-free! Apply now at BOA Kenya and enjoy flexible insurance premium payments.