Phoenix Capital – We Enable, You Prosper
Premium Insurance, Made Easier to Afford
IPF is a loan meant to ease the pressure of paying your insurance premiums. This product helps finance all types of insurance namely but not limited to Motor Comprehensive insurance, Health insurance, Home insurance, all Business insurances,Professional indemnity to Travel insurance.
Up to KSh 5,000,000
3–36 months
From 4.5% p.m.
24–48 hours
— Motor Insurance
Spread the cost of your insurance
Insurance Premium Financing allows you to pay your annual insurance premium over manageable monthly instalments instead of making one large upfront payment. Your policy is activated immediately once the insurer receives the premium.
Comprehensive cover
Protection against accident, theft, and third-party liability in one policy.
Immediate Cover
Your insurance policy becomes active immediately once the premium is settled with the insurer.
Affordable Monthly Payments
Spread your premium into convenient monthly instalments that fit your budget.
How the application works
Four steps from application to money in hand. Most customers with complete documents finish the same day.
Select Cover
Choose the insurance type and coverage level you need.
Get a Quote
Our team provides a transparent, no-obligation quotation.
Spread the Cost
Opt for monthly instalments via Insurance Premium Financing.
Cover Starts
Your policy is issued and cover begins on the agreed date.
— Eligibility
Who qualifies, and what to bring
- Kenyan citizen or resident, 18 years and above
- National ID
- Passport photo
- 6 months' bank/M-Pesa statements
Branches available
Head Office is in Kilimani, Nairobi, with branches across the city and beyond.
Kilimani
8th Floor, The Arch Place, Nyangumi Road
CBD Town
12th Floor, Finance House, Loita Street
Hurlingham
4th Floor, Marala Oasis
Buruburu
2nd Floor, Fairline Centre
Utawala
1st Floor, Grey Park Annex
Kiambu
8th Floor, Bishop Ranji House
Thika
1st Floor, Maisha Heights
Kitengela
3rd floor Kitengela Mall
Licensed lending, on the record.
Phoenix Capital Limited is licensed by the Central Bank of Kenya (CBK) as a Digital Credit Provider under the Central Bank of Kenya Act, and is listed on CBK's public directory of licensed lenders. Every loan we issue comes with a written offer, transparent terms, and a formally registered NTSA transfer — no informal side agreements.
— Apply
Start your application
Frequently Asked Questions
What is insurance premium financing?
Insurance Premium Financing (IPF) is a short-term credit facility that lets you pay your annual insurance premium (motor, medical, business, or other general covers) in manageable monthly installments instead of one large lump sum upfront. It’s a three-way arrangement between you (the insured), your insurance company, and Phoenix Capital as the financier.
How does it work?
Instead of receiving cash, Phoenix Capital pays your insurance premium directly to the insurer (or your insurance broker/agent) in full, so your cover starts or renews immediately. You then repay Phoenix Capital in installments over an agreed period.
What types of insurance can be financed?
Most general insurance policies can be financed this way — motor vehicle insurance, business/commercial insurance, and in some cases medical insurance, depending on the underwriter. Life insurance policies are typically excluded from IPF arrangements industry-wide.
What do I need to apply?
- National ID and KRA PIN (or company registration documents for businesses)
- A risk note, quotation, or policy schedule from your insurer or broker showing the premium due
- Proof of the first installment/down payment
- A signed IPF agreement
How long is the repayment period, and how do I pay?
IPF facilities are short-term by nature, typically structured over 6 to 10 months, aligned with your policy period (usually 12 months), with the first installment often paid upfront.
What happens if I cancel my insurance policy before the IPF loan is fully repaid?
If a financed policy is cancelled mid-term, any refund of unearned premium from the insurer is generally used first to offset your outstanding balance with Phoenix Capital, with any remainder settled according to your agreement.
Why would I use IPF instead of paying my premium in one go?
IPF frees up your cash flow — instead of tying up a large lump sum once a year, you spread the cost, keep your cover active continuously, and use your available cash for other business or personal needs.
How do I apply?
Get a quotation from your insurer or broker, submit it to Phoenix Capital along with your ID/KRA PIN, sign the IPF agreement, pay the first installment, and we settle the full premium with your insurer directly.