January 18, 2021 Macdonald Chapalapata 3 Comments
National Bank of Malawi (NBM) plc has rolled out an insurance premium financing facility where the bank will pay annual insurance premiums on behalf of its customers thereby freeing up their cash flow in the process.
Oswin Kasunda: NBM plc Head of Personal and Business Banking
Announcing the introduction of the facility in Blantyre, NBM plc Head of Retail Banking Division Oswin Kasunda said the Insurance Premium Finance (IPF) product allows the bank to pay insurance premiums to the insurance company on behalf of the customer and grants a loan to the customer which is repaid in monthly instalments.
NBM plc Rolls Out Insurance Premium Financing Product
Oswin Kasunda-NBM plc Head of Personal and Business Banking
National Bank of Malawi (NBM) plc has rolled out an insurance premium financing facility where the bank will pay annual insurance premiums on behalf of its customers thereby freeing up their cash flow in the process.
Announcing the introduction of the facility in Blantyre, NBM plc Head of Retail Banking Division Oswin Kasunda said the Insurance Premium Finance (IPF) product allows the bank to pay insurance premiums to the insurance company on behalf of the customer and grants a loan to the customer which is repaid in monthly instalments.