Takaful Premium Financing is a product that enables the customer to pay for their insurance premiums needs in installments rather than in one lump sum amount. The customer will be fully covered as the full premium is paid directly to the insurer by the bank, while the customer enjoys flexible and easy equal monthly instalments on their facility.

As a fully shariah compliant Bank, we only finance takaful policies issued by a fully shariah compliant takaful operator such as Takaful Insurance of Africa. We finance Takaful policies with up to 12 months validity period e.g. Motor, Medical etc.

Product is open to both existing and new customers. For new customers, one will be required to open an account with DIB Bank to enjoy the service.

• • Product is open to all DIB Personal, Business, and Corporate customers.

• • Limit of up to Kes. 10 million.

• • Tenure is up to 10 months with easy and equal monthly installments.

• • Easy access and convenient to the customer.

• • Available in Kenya Shillings only.

• • Published DIB Bank financing rates will apply at the time of the facility being granted.

• • Documentation fee will apply as per the published tariff.

• • Tripartite agreement duly signed by insured, the insurer and the bank.

• • KYC – PIN, ID for individuals and Directors and signatories of the account. In addition, for the company we require Company PIN, CR12.

• • CRB check – For individual, directors and company.

• • Insurance debit note or quotation.

• • Postdated cheques.

• • First two installments to be paid.

• • Board resolution (Corporate).

• • Memorandum and articles of association (Corporate).

• Certificate of Incorporation (Corporate).