CAPITAL Insurance Ltd will now be offering their range of insurance products to customers of Merchant Finance Ltd following an official partnership signed between the two companies in Suva yesterday.
Capital Insurance CEO David Ariff Chan said Merchant Finance customers are now able to access insurance solutions like Motor, Homes, Medical, Commercial Properties, Business as well as Term Life policies offered by Capital Insurance Ltd.
“When a customer comes into Merchant Finance branch for example and they take a car loan, or a housing loan, or business loan – we’re delighted to offer our insurance solutions to the Merchant Finance customers,” Mr Chan said.
He said Capital Insurance Ltd offers a wide range of insurance products in the Pacific region and partnering with companies like Merchant Finance would allow them to share their products to a wider range of customers in Fiji.
Merchant Finance CEO Veilawa Rereiwasaliwa said while they have rolled out a number of loan products, a big aspect of finance was insurance and partnering with Capital Finance offers Merchant Finance the ability to expand their insurance options.
“There’s a lot more that we can do, so I am quite excited with what they’d offer for our customers in terms of their value and what they’d bring,” Mr Rereiwasaliwa said.
“I am also excited towards some of the new products that we can develop together.”
He said Merchants was a secured lender and do require collateral from their customers which has to be insured and Capital insurance fills that gap as the recommended insurer for Merchant Finance as well as providing additional products for Merchant Finance customers.
“A part of our lending requirement is for those collateral assets to be insured and partnering with Capital we’ll be recommending them as the insurance provider to use,” he said.
The partnership between the two companies promises innovative insurance solutions and financial security for Merchant Finance customers.