Insurance Finance

Insurance Premium Financing

DWASCO SACCO provides Insurance Premium Financing to its members to cover costs for an insurance premium with CIC Insurance.

To finance a premium, the SACCO member requesting insurance must sign a premium finance agreement with DWASCO SACCO. The loan repayment period goes up to 6 months. Premium financing can be a valuable tool for individuals who need insurance but do not want to tie up funds, which they can be using for other higher return investments.

The circle in a nutshell

• You apply for Insurance Premium Financing with DWASCO SACCO based on the quotation from CIC Insurance.
• DWASCO SACCO finances the premium by disbursing the funds straight to CIC Insurance
• You thereafter payback the funds in installments in line with the agreed terms and conditions.

Why choosing insurance premium financing?

• Maximize insurance coverage without adversely affecting your current cash flow (or lifestyle)
• Enjoy affordable financing rates

How to access insurance premium finance

To access Insurance premium financing service, you must be a member. . Find out about membership eligibility through the following link https://dwascosacco.com/membership. If you are eligible, you can download, print and fill a membership application form and take it to the nearest DWASCO SACCO service Centre. Call +265- 996-572-401 (Monday-Friday, 8 a.m. to 4 p.m.) when you need assistance.