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Secure Today, Pay Flexibly.
Manage your insurance costs with the ICB Insurance Premium Financing (IPF) Loan. Designed for individuals, SMEs, and corporates, this facility allows you to spread insurance premium payment over time, helping you secure coverage without upfront financial pressure. With flexible financing from TZS 100,000 up to TZS 500 million, IPF supports cash-flow planning while keeping your assets and risks covered.
Features & Benefits
Quick Processing
Quick approvals with minimal documentation required.
Low Processing Fees
Just TZS 5,000 for loan amount below TZS 1,000,000 and zero processing fee for higher amounts.
Affordable Interest Rates
Competitive rates to suite your business needs.
Full Premium Coverage
ICB finances up to 100% of your insurance premium so you don’t have to pay upfront.
Convenient Repayment
Repay your loan in easy monthly instalments of up to 10 months with one instalment payable upfront, designed to fit your cash flow.
Flexible Loan Amounts
Borrow from TZS 100,000 up to TZS 500 million to cover your premium needs.
For Businesses of All Sizes
Tailored for corporates and SMEs looking to finance insurance premiums for business assets and risks.
Safe & Secure Banking
Borrow with confidence from a trusted and regulated bank.
Stay in Control
Receive free e-statements and instant transaction alerts and reminders, so you’re always informed and in charge of your finances.
Convenience at Your Fingertips
Use ICB Digital our NetBanking and MobileBanking platform to check your account balances, pay utility bills, GePG payments or transfer funds to other banks and mobile wallets and more, anytime, anywhere.
No Hidden Costs
Transparent terms and clear charges, so you know exactly what you’re paying.
Currency
Available in TZS and in USD
Eligibility
Good credit standing (verified through the Credit Reference Bureau).- Standard business documents (TIN, business licence, certificate of incorporation, annual returns, tax clearance, directors’ IDs)
- A board resolution approving the loan application
- A signed Tripartite Agreement between the borrower, the insurance company, and the Bank
- An undertaking from the insurance company to settle unexpired premiums directly with the Bank.
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Alternative Delivery Channels
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Agency Banking
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Internet Banking
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Mobile Banking
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ICB Umoja Debit Card
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ICB Mastercard Debit Card
Download ICB Digital App
Experience convenient and secure banking with ICB Digital, enabling you to manage accounts, transfer funds, pay merchants and settle utility bills and government payments anytime, anywhere.
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