Digital IPF
Digital IPF is a digitization initiative that enables Insurance customers to apply for IPFs via the Websites, Applications and Channels of the Insurance Company. The IPF product is positioned as a digital Buy Now, Pay Later offering for Insurance Products.
Digital IPF provides a system that Insurance Companies can access and integrate with, allowing customers to obtain financing to purchase Insurance Policies from Insurance digital points of sale.
Account Overview
Digital IPF is a digitization initiative that enables Insurance customers to apply for IPFs via the Websites, Applications and Channels of the Insurance Company. The IPF product is positioned as a digital Buy Now, Pay Later offering for Insurance Products.
Digital IPF provides a system that Insurance Companies can access and integrate with, allowing customers to obtain financing to purchase Insurance Policies from Insurance digital points of sale.
What You Need to Open an Account
The requirements are as follows:
Valid ID Number and Document (Passport for Non-Kenyans)
Passport Photo
Valid Mobile Number
KRA PIN
Eligibility
IPFs will only be issued against policies which are provided by Insurers contained in the Banks panel of approved Insurers
Distribution Channels
APIs and Partner Channels
Account Benefits
Discover the advantages of banking with Digital IPF:
For Customers:
Convenient, Affordable Payment Plans on Insurance Premiums which are usually paid upfront.
Short Turnaround Time on Insurance Premium Financing requests. The expedited processing of Insurance Premium Financing requests means customers can secure their coverage without delay.
Account Benefits
Discover the advantages of banking with Digital IPF:
For Insurance Service Providers:
New Customer Acquisition digitally. The digital platform opens avenues for acquiring new customers through streamlined online channels.
Increased revenue generated through Premiums and Sale Commissions.
Injection of value additions to their product offerings and digital channel experiences.
FAQs
You can apply for an IPF Loan through the Website/Application of an Insurance Company that is integrated to the DTB Digital IPF System .
Presently, Jubilee Health Insurance Company are the only Insurance Company integrated to the Digital IPF solution. This number is expected to grow over the course of the next few months.
You can apply for this loan by applying for a Jubilee J-CARE Health Medical Policy and selecting DTB as your payment option. Select the ‘Pay with DTB IPF’ option under the Payments/Checkout Page to apply for a DTB IPF.
The process from IPF Loan Application to Loan Disbursement, and Insurance Policy Issuance takes under 10 Minutes to complete down from a previous market-best time of 48 Hrs (Delays by the customer in completing their Pre-Payment/Deposit could extend this period).
No. Anyone eligible for a J-CARE Policy can apply for a DTB IPF Loan. All loan applications will be subject to the Bank’s approval process.
When you have completed your IPF Deposit/Pre-Payment, you will receive a Loan Repayment schedule via a Loan Disbursement email from the DTB via the email address [email protected]. The loan schedule will indicate your monthly installment due dates, due amounts and your DTB Loan Account number.
IPF Loan repayments are made by crediting your due monthly installment amount to your Loan Account Number. You can find your Loan Account Number on the Loan Disbursement Email sent to you from DTB via the email address [email protected]
To be onboarded and integrated to the Digital IPF System, please write an email to [email protected], and a representative will reach out to initiate the process.
Documents & Forms
Download the necessary documents to apply:
