insurance services

CICL – Covering Insurance Needs In Dominica And The EC

Providing insurance coverage to credit unions and MFGs since 2015, Corp-EFF Insurance Company Ltd is a value-driven organization. We strive to keep all our activities in line with our core company values  of honesty, financial prudence, transparency and collaboration.

CICL operates from its head office in the Commonwealth of Dominica on 13B King George V Street, Roseau. An offshoot of the Dominica Credit Union Movement, we strive to provide specialized products and services to our clients, at costs driven purely by market forces, and not from a profit motive.

We have specific insurance plans on offer for our clients. Our focus is on providing Life Savings ‘LS’ and Loan Protection ‘LP’ insurance plans to our clients. LS plans transfer member savings to the member’s beneficiaries upon demise, while LP save the burden of additional loans falling on the heads of other members upon the demise of another member’s contributions.

LS and LP plans provide the most comprehensive and convenient coverage solutions for our clients. Apart from providing these plans, we ensure perfect client satisfaction at every step in the process, right from  assessment stage on wards.

CICL takes your investment and trust very seriously and has an established relationship with a secure and reputable re-insurer- Lloyd’s Syndicate who enjoys an “A+ rating from Standard & Poor’s, AA- from Fitch and A from A.M. Best” to cover risks associated with any catastrophe.

Get your most reliable insurance coverage from CICL today.

Dependable Insurance Coverage for Unions

We offer Loan Protection insurance and Life Savings insurance (LP & LS) to credit unions, with the objective of reducing cost, while offering better overall coverage. We are dedicated to maintaining the viability of the co-operative movement in Dominica and the Eastern Caribbean nations. To this end, we strive to maintain a standard of financial stability so that credit unions and MFGs find it feasible to continue operating.

Increased Security for Credit Union Members

Our Loan Protection and Life Savings insurance plans are meant to benefit the insured member’s beneficiaries as well as other members. LPs prevent the need for any disabled or deceased member’s outstanding loans to be paid by other members, subject to the restrictions put in place by the union or group. LSs provide benefits to deceased members’ dependants in proportion to their savings.

Customer-Oriented Insurance Coverage

We respect the complexity of co-operative finance structures. This is why we try to simplify your insurance needs as a group. We have the best insurance broker and reinsurer working with us to ensure your security. We also do our best to maintain the feasibility of your credit union or MFG by ensuring insurance costs and returns to the client that are market driven and not driven by a profit motive.

Trust us with your group’s insurance coverage. We guarantee the best.

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