Republic Life Insurance signs with the Financial Services Ombudsman

0

Republic Life Insurance Company Limited officially joined the Office of the Financial Services Ombudsman in December 2021.

In a statement, Republic Financial Holdings Limited (RFHL) said it previously announced on August 18, 2021 an expansion into Trinidad and Tobago’s insurance business and that effective September 15, 2021, Republic Life Insurance Company became the newest member of Republic. .

RFHL said Republic Life Insurance Company will now manage and underwrite creditor life insurance cover for the following credit products offered by sister company Republic Bank Limited:

• Personal loans

• Personal mortgages

• Personal credit cards

The company said that with creditors’ life insurance, insured borrowers have the protection that in the event of disability or death, the outstanding balance of the mortgage, loan or credit card will be paid off. by the proceeds of the insurance policy.

The company said that creditor life insurance is Republic Life Insurance Company’s premier offering and that the company intends to introduce other products soon that will enhance the group’s total insurance product offering. Republic.

RFHL said entering the insurance business is a “major step for the RFHL Group and supports the group’s objective of offering our customers a greater choice of products from a financial services group than ‘they know and whom they trust’.

The company said its membership of the Office of the Financial Services Ombudsman is in line with the group’s strong principles of governance and customer focus.

Share.

About Author

Comments are closed.