A death benefit on your savings account.
What does AKIBA stand for?
AKIBA is an insurance contract which guarantees to holders of savings accounts with AFRILAND FIRST BANK the payment of a
capital in the event of death.
Advantages
Upon your death, your rightful claimants will be paid a capital in addition to the credit balance in your savings
account.
Who can subscribe?
Any private individual above 18 and less than 64 years of age, holder of a savings account with AFRILAND FIRST BANK.
If it is a joint account, each joint holder may insure the account.
Contract options :
There are two contract options.
In the event of death, the payable capital shall be equal to the credit balance in the insured savings account as of the
date of his death, plus a benefit of at least CFA 100.000 Frs up to CFA 1.000.000 (one million) Frs.
In the event of death, the payable capital shall be equal to the credit balance in the insured savings account as of the
date of his death, plus a benefit of at least CFA 500.000 Frs up to CFA 5.000.000 (five million) Frs.
NB : For either option, the capital payable shall be doubled in the event of accidental death.
In order to be paid the death benefit, the rightful claimants shall produce :
- A civil status form, indicating the insured’s date of birth and date of death.
- A medical certificate indicating the nature of death.
- The statement of account as of the date of death.
Insurers guarantee against all death risks irrespective of their nature, except for self willed death and plane crash
during off scheduled flight.
