Bridge Account Insurance
BRIDGE ACCOUNT INSURANCE is a bancassurance product of the life insurance type that guarantees the payment of a guaranteed capital to the insured member or to a beneficiary designated by the former in the event of a claim (death, Total and Permanent Disability - TPD). The capital paid by the insurance company depends on the formula chosen by the insured account holder at the time of subscription. The subscriber freely chooses the level of the guaranteed capital within the limit of the ceiling provided for this purpose, namely 4,000,000 XOF.
ADVANTAGES
Complete freedom in the choice of the guaranteed capital;
Rapid disbursement of the guaranteed capital in the event of a claim;
Subscription without any medical formalities;
Protection for the subscriber and their loved ones;
Highly competitive annual contribution amount.
FEATURES
Acceptance criteria for risk:
Being the holder of a current account or a savings account with BRIDGE BANK GROUP CI;
Aged between 18 and 65 at the time of joining;
Nature of the contract:
Account Insurance is a life insurance product. In the event of a claim, the guaranteed capital is paid directly into the BBGCI bank account of the insured member. If the account balance is in debit, the debit coverage is provided and any remaining amount is paid to the member themselves or the designated beneficiary, depending on the situation that arises (death/TPD).
In the case of a joint account, to cover each of the Co account holders, you need to take out 2 account insurance policies.
The insurance company has granted BRIDGE BANK GROUP COTE D'IVOIRE a delegation of technical acceptance on all files under this agreement according to the following characteristics:
Amount limited to four (04) million;
Duration of 12 months renewable by tacit agreement;
No medical formalities.
An application is made available to BRIDGE BANK GROUP COTE D'IVOIRE for the acceptance and issuance of Individual Subscription Forms (ISF).
Duration of the contract
1 year, renewable by tacit agreement;
The guarantee ceases on the annual due date following the 65th birthday of the insured member.
Insurance premium
Guaranteed capital and premiums
| Guaranteed capital in XOF | 1,000,000 | 2,000,000 | 3,000,000 | 4,000,000 |
|---|---|---|---|---|
| Premiums in XOF | 10,000 | 20,000 | 30,000 | 40,000 |
The contribution is collected annually on the anniversary date of the Account Insurance contract
Coverage (in case of death by all causes or Total and Permanent Disability - TPD).
Total and Permanent Disability Coverage:
In the event of total and permanent disability (TPD) of the insured member (account holder), the insurer pays Bridge Bank Group Côte d'Ivoire an amount equivalent to the debit balance of the member's account up to the guaranteed capital and then pays any remaining amount to the member. In the case of a credit balance, the entire guaranteed capital is paid to the member.
Death by all causes coverage:
In the event of death by all causes of the member (account holder), payment to Bridge Bank Group Côte d'Ivoire of the debit balance amount up to the guaranteed capital and then payment of any remaining amount to the beneficiaries or legal heirs. In the case of a credit balance, the guaranteed capital is paid to the beneficiaries or legal heirs.
Declaration and settlement of the claim
In the event of the insured person's death or Total and Permanent Disability (TPD), after the declaration by the Subscriber, the Insurer will transfer the guaranteed capital to their account, after submission of the following documents:
In case of death
The death certificate of the insured issued by a civil registrar or the medical certificate of death or the report of the finding of death,
The birth certificate or a copy of the ID of the insured member,
The medical certificate specifying the cause of death only for capital amounts exceeding 2,000,000 XOF,
The Individual Subscription Form.
In case of Total and Permanent Disability
The Individual Subscription Form,
The extract of the insured member's birth certificate or civil status sheet or a copy of their ID,
The medical documents attesting to the disability and the consolidation.