INSURANCE PREMIUM FINANCING PRODUCT (IPF)

[Audio] INSURANCE PREMIUM FINANCING PRODUCT (IPF) INSURANCE PREMIUM FINANCING PRODUCT (IPF).

[Audio] Definition :is a specialized lending arrangement that allows individuals and businesses to borrow money to pay their insurance premium upfront, rather than paying full amount in lumpsum . The borrower then pays repays loan in ten months installment with a specific interest rate That’s IPF brings good cash flow management to individuals or businesses Definition :is a specialized lending arrangement that allows individuals and businesses to borrow money to pay their insurance premium upfront, rather than paying full amount in lumpsum . The borrower then pays repays loan in ten months installment with a specific interest rate That's IPF brings good cash flow management to individuals or businesses.

[Audio] People with private cars Businesses with motor facilities Organization that issues insurance to their staffs People with both domestic and commercial building Where can we sell IPF(insurance premium financing) Product? Each person in world has insurance whether life insurance or general insurance that’s the opportunity to sell insurance premium financing. Where can we sell IPF(insurance premium financing) Product? Each person in world has insurance whether life insurance or general insurance that's the opportunity to sell insurance premium financing. People with private cars Businesses with motor facilities Organization that issues insurance to their staffs People with both domestic and commercial building.

[Audio] Imagine paying lumpsum amount of premium at once Example : premium amount of 8,636,420 Imagine paying lumpsum amount of premium at once Example : premium amount of 8,636,420.

[Audio] Now imagine getting insurance premium financing that pays your premium amount upfront then you pay in ten months installments Example Instead of paying TZS 8,636,420 now you pay TZS 937,051,57 Now imagine getting insurance premium financing that pays your premium amount upfront then you pay in ten months installments Example Instead of paying TZS 8,636,420 now you pay TZS 937,051,57.

[Audio] NCBA bank offers a competitive insurance premium financing rate in the market 8.5% - for premium amounts less than 10 millions 8,0% - for premium amount more than 10 millions 7.5% - for premium amount more than 100 millions <7.5% - case by case depending on premium amount 5% - for USD currency premiums Insurance premium financing loan interest rates Insurance premium financing loan interest rates NCBA bank offers a competitive insurance premium financing rate in the market 8.5% - for premium amounts less than 10 millions 8,0% - for premium amount more than 10 millions 7.5% - for premium amount more than 100 millions <7.5% - case by case depending on premium amount 5% - for USD currency premiums.

[Audio] Did you know staff ipf rate? NCBA BANK TANZANIA LIMITED staffs get 3.24% interest rate on insurance premium financing loans Did you know staff ipf rate? NCBA BANK TANZANIA LIMITED staffs get 3.24% interest rate on insurance premium financing loans.

[Audio] Example as staff with premium amount of 500,000TZS why opt for third party ? And not comprehensive? While you can get ipf loan of 3.24% Hence instead of paying 500,000TZS at once take ipf loan and repay only 16,200TZS as interest Pay 51,620TZS for 10 installments Example as staff with premium amount of 500,000TZS why opt for third party ? And not comprehensive? While you can get ipf loan of 3.24% Hence instead of paying 500,000TZS at once take ipf loan and repay only 16,200TZS as interest Pay 51,620TZS for 10 installments.

[Audio] IPF KYC FOR DIFFERENT GROUPS IPF KYC FOR LIMITED COMPANY COMPLETE FILLED AND SIGNED IPF AGREEMENT FORM COPY OF CERTIFICATE OF INCORPORATION MEMART COMPANY TIN BRELA SEARCH ID’s OF DIRECTORS (minimum 2) INSURANCE COVER QUOTATION INITIAL ONE MONTH PAYMENT INSTALLEMENT (subject to cover start date) IPF KYC FOR SOLE PROPRIAROR/PARTNERSHIP COMPLETE FILLED AND SIGNED IPF AGREEMENT FORM COPY OF CERTIFICSTE OF REGISTRATION COPY OF TIN ID OF APPLICANT (NIDA or any other government issued ID with NIDA numbers) INSURANCE COVER QUOTATION INITIAL ONE MONTH PAYMENT INSTALLMENT (subject to cover start date) IPF KYC FOR INDVIDUALS COMPLETE FILLED AND SIGNED IPF AGREEMENT FORM COPY OF TIN 6 MONTHS BANK STATEMENT (for non -existing clients) Insurance cover quotation Initial one month payment installment (subject to cover stary date) ID OF APPLICANT (NIDA or any other government issued ID with NIDA numbers) IPF KYC FOR DIFFERENT GROUPS IPF KYC FOR LIMITED COMPANY COMPLETE FILLED AND SIGNED IPF AGREEMENT FORM COPY OF CERTIFICATE OF INCORPORATION MEMART COMPANY TIN BRELA SEARCH ID's OF DIRECTORS (minimum 2) INSURANCE COVER QUOTATION INITIAL ONE MONTH PAYMENT INSTALLEMENT (subject to cover start date) IPF KYC FOR SOLE PROPRIAROR/PARTNERSHIP COMPLETE FILLED AND SIGNED IPF AGREEMENT FORM COPY OF CERTIFICSTE OF REGISTRATION COPY OF TIN ID OF APPLICANT (NIDA or any other government issued ID with NIDA numbers) INSURANCE COVER QUOTATION INITIAL ONE MONTH PAYMENT INSTALLMENT (subject to cover start date) IPF KYC FOR INDVIDUALS COMPLETE FILLED AND SIGNED IPF AGREEMENT FORM COPY OF TIN 6 MONTHS BANK STATEMENT (for non -existing clients) Insurance cover quotation Initial one month payment installment (subject to cover stary date) ID OF APPLICANT (NIDA or any other government issued ID with NIDA numbers).