Very often consumers take out Credit Life Insurance without actually knowing what it is. Simply stated, “Credit Life Insurance” is a life insurance policy taken out by a borrower in order to pay off a borrower’s debt if that borrower dies, is disabled or retrenched. In a typical policy, the borrower will pay a premium Read more about WHAT BORROWERS NEED TO KNOW ABOUT CREDIT LIFE INSURANCE[…]
If you are approached to take out an insurance policy or when you plan to do so on your own accord, you may be asked by the broker or agent to sign a blank contract and that the rest of the information will be filled in later at the office. If that happens, REFUSE! Pay Read more about NEVER SIGN BLANK OR INCOMPLETE CONTRACTS[…]
In tough economic times, people are sometimes left scrambling for cash to meet everyday expenses and lifestyle demands. Your insurance investments are a possible source of funds to meet your financial needs. You may either opt for early withdrawal or surrender. Surrendering an insurance policy means exiting from the insurance policy before the maturity. It Read more about Effects of early withdrawal or surrender of investment plans[…]
The Authority exists to supervise financial institutions and financial services and to advice the Minister of Finance on matters relating to financial institutional and financial services in terms of the Namibian Financial institution Supervisory Authority Act No. 3 of 2001. NAMFISA is the designated Anti Money Laundering (AML) / Combatting the Financing of Terrorism (CFT) Read more about Money Laundering[…]