Bancassurance: Rawbank Expands its Offering with Rawsur and Rawsur Life in the DRC

For entrepreneurs and individuals, Rawbank has expanded its insurance products and offerings with two partner entities, Rawsur and Rawsur Life, whose products are distributed by the bank.

Much remains to be done to develop bancassurance in the Democratic Republic of Congo, and Rawbank is confident it has what it takes to meet this challenge. Rawbank’s teams work closely with Rawsur’s teams to develop the best product offering that meets the needs and expectations of the population.

Rawbank’s teams mobilized in the DRC

The presence of Rawbank’s sales teams across the country is an asset for the company, as their feedback from the field allows the bank and its departments to constantly improve its products on the market, anticipate potential customer needs, and ultimately, better advise and serve them.

To date, five Rawbank pilot branches have been set up in Kinshasa, offering a wide range of car, travel, home, and personal accident insurance products to the local population.

Rawbank’s life insurance products

Rawbank aims to offer its customers products that meet all their needs. expectations, which is why two life insurance products are also offered.

KIMIA, life insurance for everyone

KIMIA, the first to be launched in the country, guarantees financial security, peace of mind, and dignity in the event of the loss of a loved one. The policy is available for $10 per year, in both Individual and Family plans, and provides for the payment of a sum of money to the beneficiary within 48 hours of application submission.

SECURIS, life insurance to protect loved ones

The second product, SECURIS, is designed for the head of a family who wishes to leave a solid legacy in the event of death or disability, in order to protect their loved ones from life’s needs and uncertainties.

To learn more about Rawbank’s bancassurance offerings: click here!

Rawbank’s constantly evolving bancassurance products

Rawbank, in collaboration With Rawsur and Rawsur Life, Rawbank is committed to continuing to innovate and expand its insurance product offering to meet the evolving needs of the Congolese population. As a leading bank in the DRC, Rawbank is proud to contribute to the development of bancassurance and provide financial security solutions to its clients.

Towards a broader insurance culture in the DRC

The insurance culture can still be expanded in the Democratic Republic of Congo. Rawbank, a resolutely Congolese and committed bank, aims to contribute to the development of local economies while promoting investment and savings throughout the country.

The insurance penetration rate in the DRC has long been very low (0.97% in 2018) but aims to expand with the recent market liberalization. Rawbank has therefore chosen to diversify its offerings to meet the needs of as many people as possible.

Rawbank offers a $5-per-month package aimed at the Congolese middle class, as well as a Civil Servant Pack, a Youth Pack through its Academia offering, and a Pack for 16-25 year-olds with Illicocash.

This diverse yet targeted offering will be further expanded in the near future, always with the aim of serving the population in all its diversity.