WELCOME TO TROPICAL BANCASSURANCE

 At Tropical bancassurance, we’re dedicated to providing comprehensive insurance solutions tailored to meet your unique needs. With focus on different regions in country and worldwide, we understand the specific challenges and risks you may face and we’ re here to offer reliable protection and peace of mind.

Our services

• Tropical Insurance products: From a wide range of property and casualty to health and life insurance, we offer a variety of insurance products designed to safeguard your assets and loved ones against unexpected events.
• Expert Guidance: Our team of experience insurance professionals is committed to providing personalized guidance and support every step of the way. Whether you’re a homeowner, business owner or individual looking for coverage, we’re here to help you make informed decisions.
• Risk management solutions: Beyond insurance policies, we offer tailored risk management solutions to help you identify, assess and mitigate potential risks to your assets and finances.

BANCASSURANCE PRODUCTS

General insurance products

Provide a wide coverage for a variety of risks other than those related to human life. It protects against losses and damages to property, liability claims and other unforeseen events.

These include:

• Comprehensive Motor insurance: Accidental damage coverage for your vehicle resulting from collisions with other vehicles, objects or accidents involving single or multiple vehicles. Other coverage including theft, fire and vandalism, third party and personal accident. It’s a robust level of protection for your vehicle that gives one peace of mind and protection.

            Corporates     →    SME’s       →   Individuals

Benefits

• Theft and vandalism. It covers losses from theft, vandalism and malicious damage to your vehicle.
• Third-party liability. Comprehensive insurance covers damages to third party vehicles or property accidents at fault.
• It also provides protection against damages to your vehicle due to accidents regardless of fault.
• Additional benefits depending on the policy like roadside assistance, towing and accessories maybe included

Requirements:

• Type of vehicle(s)
• Value of the Motor vehicle(s)
• Purpose of the vehicle

Fire and Allied perils

This provides cover for loss or damage to property Propertyy against fire and allied perils such as hail storm, earthquake, floods. Coverage includes Fire, Explosion, earthquake, storm, flood, impact damage, strike and malicious damage. These ranges from accidental fires to environmental disasters and industrial accidents.

 Benefits:

• Property Restoration. Interms of repairing, rebuilding or replacing damaged property including machinery, equipment and inventory.
• Liability protection. This protects businesses from legal claims and lawsuits arising from property damage or bodily injuries caused by covered perils.
• Business Continuity. With Financial support from insurance, businesses can recover more quickly from the aftermath of a fire or allied peril.
• Financial Protection. Its helps to mitigate financial burden of repairing damaged property, inventory, equipment or assets.

          Corporates     →    SME’s       →   Individuals

Requirements

• Location of property
• Value of the property
• Use i.e. personal or commercial
• Valuation report

Agricultural Insurance

This is designed to protect farmers and agricultural producers against the financial losses they may incur due to various risks associated with farming. These ranges from Fire and lightening, Drought, Natural Perils, Malicious damage, Riots & strikes, Uncontrollable pests, mortality coverage, disease outbreak

Benefits

• Protects against crop loss caused by natural disasters such as droughts, floods, storms, pests, diseases and other perils.
• Risk management. This allows farmers to manage risks more effectively by transferring the financial burden of crop losses to insurance companies.
• Encourages investments as farmers maybe more willing to invest in modern farming practices, technologies.
• Income stabilization through compensating farmers for crop losses help to stabilize their income and mitigate financial impact of unpredictable events.

Requirements:

• Type of farming
• Geographical location of the farm
• Size and Scope of the cover
• Basis of the indemnity
• Fill the proposal form for agriculture consortium

Other general products include

• All Risks
• Machinery Breakdown
• Marine Insurance
• Fidelity Guarantee
• Professional Indemnity
• Directors and Officers Liability
• Work Mans compensation.