NSIA Assurances Vie and BGFIBank Cameroon have deepened their collaboration by expanding their bancassurance partnership to offer education endowment plans and retirement protection products.
In a statement posted on its LinkedIn account, BGFIBank Cameroon said, “Preparing for your children's education, planning for retirement, and protecting your (household) projects and those that matter most are key objectives. It is around these goals that BGFIBank Cameroon and NSIA Life Insurance are strengthening their partnership with the signing of agreements for the BGFIStudies and BGFIRetirement products.”
The arrangement leverages NSIA's life insurance expertise and the bank’s distribution network.
NSIA Assurances Vie is a subsidiary of the financial services group NSIA, which was founded in Cote d’Ivoire and is present in several countries in Central and West Africa. BGFIBank Cameroon is a subsidiary of the Gabon-headquartered BGFIBank Group, a financial services organisation which has expanded into insurance and fund management operations.
Around 10 life insurance companies, including NSIA Vie Assurances, operate in the Cameroonian life insurance market.