C.I.B. offers tailored finance plans enabling clients to spread out insurance premium payments throughout the policy term. Utilizing the facilities of various lending sources, we are able to arrange competitive and flexible terms for any of our clients who require this type of service.

There are many reasons and advantages for a company to finance their insurance premiums, some of these are as follows:

  • Up-front premium payments are reduced
  • Operating cash flow is improved
  • Working capital is improved
  • Bank credit lines are unaffected
  • Provides a source of off-balance sheet lending
  • Insurance policies are used as financing collateral
  • Minimal credit qualification
  • Provides a fixed interest rate for the loan repayment term
  • Interest charges are tax deductible
  • All policy premiums are consolidated into a single payment plan