Who gives Insurance Premium Loans in Kenya

Insurance Premium Finance Loan is new credit facility that was developed by lenders in partnership with insurance companies in kenya to easy payment of insurance premiums by policy holders.

This credit facility allows a lender to pay an insurer on behalf of an insured person or business, the insurance premium in a lump sum for a given period of time.The insured will then pay the lender all the premium amount plus the interest accrued when the agreement is due.The insurer takes back all the premium amount to the lender when the insured defaults in loan repayment. The insurance premium serves as security for the insurance premium loan.

In Kenya,who can give out insurance premium loans? We have lenders and insurers who can give out insurance premium loans to their clients.We have listed the following, though the list is not exhausted;

Commercial Banks.

• I&M Bank
• National Bank of Kenya
• NIC Bank
• Commercial Bank of Africa(CBA) Bank
• Diamond Trust Bank (DTB)
• Cooperative Bank of Kenya
• Giro Bank
• Family Bank of Kenya
• Chase Bank of Kenya
• CFC Stanbic Bank
• Consolidated Bank
• Guardian Bank
• First Community Bank
• Equity Bank
• Credit Bank 
• Prime Bank
• Fidelity Commercial Bank

Microfinance Banks

• Fit-Xpress limited
• Caritas MFB
• AAR Credit
• Faulu Kenya
• Springboard Capital Limited

Insurance Companies.

• Eagle Africa Insurance Brokers
• Pacific Insurance Group
• Heritage Insurance
• APA Insurance

For more details about the above lenders and insurers,please check our lenders and insurers pages respectively.