Insurance & Debt Collection (DBM Financial)
DBM FINANCIAL SERVICES Ltd (DBMFS) is a wholly owned subsidiary of DBM Ltd (incorporated on 29 July 2002) whose initial main activity was to recover debts of the EX-MCCB Ltd (in liquidation). In January 2008, DBMFS, duly licensed by the Financial Services Commission, started its activities as an insurance agent of SICOM. As from 27 April 2021, the company has been granted an extended licence by the FSC to sell products (Life and General) for SWAN and MUA. On 9 October 2023, after obtaining approval from the FSC, our licence as insurance agent also included NIC (life and general), thus enhancing our ability to offer clients a broader range of products
Life Insurance
General Insurance
Fire & Allied Perils - Business & Home Insurance
More Detail
| Products | Description* | List of Documents |
|---|---|---|
| Decreasing Term Assurance | Life insurance Cover (Premium depending on age, amount and term of loan) – covers capital outstanding on loan | (1) NIC & Sanction/Approval letter Contact us for further details |
| Smart Loan Cover | Additional feature to DTA for life insurance cover. | |
| Group Loan Protection Scheme | Life insurance Cover – covers capital outstanding on loan at preferential rates | |
| Fast cash plan | Cash-Back every 3 years and bonus payable at maturity | NIC |
| Products | Description | List of Documents |
|---|---|---|
| Fire and Allied Perils | Comprehensive cover of building, stock of goods, equipment, furniture & fittings | Individual NIC, Sanction Letter, Utility Bill, List of stock, furniture & equipment Company NIC, Sanction Letter, Utility Bill, List of stock, furniture & equipment, BRN, Certificate of Incorporation Other details Value of building, furniture & fittings and equipment Contact us for details |
| Marine Hull Insurance | Comprehensive cover of boat and engine in case of loss or damage | (Boat Certificate-submitted after completion of boat) Other details Value of fishing vessel & engine Contact us for details |
| Motor Insurance covers |
|
NIC, Driving Licence, Horsepower, Quotation of vehicle, Proof of Profession, Utility Bill., Other details Value, year and capacity of vehicle |
| Travel | Comprehensive Cover | Passport & Utility Bill Other details Age, period of stay, countries to visit & Transit in which countries |
| Group Personal Accident | Covers medical expenses of staff in case of injury and accident. | Contact us for details |
| Money in transit | Covers the money in transit. | Contact us for details |
| Medical Cover | Covers all medical expenses of insured person up to a certain limit. | Contact us for details |
DBM Financial Services (DBMFS) is duly licensed by the FSC to act as an insurance agent – Licence No : AI08000306