Beneficiaries of overdrafts, feel secured with Malaika, a bankinsurance developed by Afriland First Bank and SAAR-Vie.

What does Malaika stand for?

This is an insurance contrat whereby SAAR-VIE pledges to pay back the overdraft granted you by First Bank in case you die, up to an amount of CFA 10.000.000 FCFA depending of your contract option.

Advantages

Your relatives will not be bothered about the overdraft you contracted during your lifetime.

Contract options :

There are two options.

Option 1 : For accounts where the overdraft ceiling is fixed at CFA 1.000.000 F. In case the insured dies, SAAR-Vie shall pay back the actual debit balance as of the date of death, up to an amount of CFA 800.000 (eight hundred thousand) Frs.

Option 2 : For accounts where the overdraft ceiling is above CFA 1.000.000 F. In case the insured dies, SAAR-Vie shall pay back the actual debit balance as of the date of death, up to an amount of CFA 10 000 000 (ten million) Frs.

Who can subscribe?

Any private individual above 18 and less than 64 years of age, holder of a savings account with AFRILAND FIRST BANK.

Any one currently entitled to an automatic overdraft at Afriland First Bank.

Conditions

Sign the subscription form bearing the insurance terms;

Pay the insurance premiums.

NB : Guarantees take effect as from the date of signature of the subscription form and the contract shall end :

upon expiration of the overdraft or termination of the contract by either party ;

in case premiums are not paid ;

In case the insured dies, the payment of his outstanding debt is subject to the presentation of the following documents:

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.