Insurance Premium Financing
DTB pays the premium amount to be financed for clients directly to an underwriter. The bank’s minimum criteria for acceptance include the following:
Financing applicants who demonstrate the ability to meet subsequent monthly installments.
Financing only applicants who have a direct relationship with DTB or applicants recommended to the bank by an insurance company.
Account Overview
DTB pays the premium amount to be financed for clients directly to an underwriter. The bank’s minimum criteria for acceptance include the following:
Financing applicants who demonstrate the ability to meet subsequent monthly installments.
Financing only applicants who have a direct relationship with DTB or applicants recommended to the bank by an insurance company.
What You Need to Open an Account
The requirements are as follows:
Individuals/Sole proprietors/Partnerships
National identity card/passport/KRA Pin certificate of individual borrowers – original and copy
Certificate of registration (if proprietor or partnership)/Business PIN, First current cheque/Instalment
Post-dated cheques
IPF Application/Agreement
Debit note(quotation)
Companies
KRA Pin certificate of borrowers – original and copy
Certificate of incorporation/Business PIN
First current cheque
Post-dated cheques
IPF Application/Agreement
Debit note(quotation)
First installment paid upfront
Product Features:
Feature | Details |
|---|---|
Purpose | To facilitate the financing of Insurance premiums |
Currency | LCY/FCY |
Security | Tripartite agreement duly signed by insured, the insurer and the Bank |
Minimum IPF amount | KES 20,000 |
Repayment period (loan period) | Maximum of 10 months |
Interest rate | Kindly inquire with your branch for current rates |
