Bancassurance, an associate company of Fransabank Group, was established in 1999 by Fransabank SAL and Crédit Agricole Assurances, the insurance company affiliated to Crédit Agricole – France.
Bancassurance was, once again, ranked first in the bank-insurance market based on the volume of its portfolio and third in the life insurance market in Lebanon, as published by Al Bayan Magazine, April 2010 issue.
Compulsory Life Insurance Products for Loans
The compulsory life insurance products for loans covers the Bank in case of death or total permanent disability of the borrower in all types of loans: personal loan, housing loan, housing loan with the Public Housing Establishment, Kafalat loans, university loan, among others.
Term Life Products
The term life products are non-refundable plans intended for family protection in case of death or permanent disability of the insured. Bancassurance offers two types of term life products: the ordinary term life insurance (Fransavie) and the personal accident insurance (Fransaplus).
Saving and Life Insurance Products
These saving and insurance products allow the insured to secure a decent and comfortable retirement (Fransavenir) or to secure his children's future university education (Fransajeunesse), while benefiting from a life insurance to protect his family. In addition to the educational plan, an additional and optional schooling cover securing the schooling tuitions of the child in case of death or total permanent disability of the insured. The unit link products (Fransafuture) are intended for the constitution of a capital that meets the financial plans of the insured, granting him investment opportunities in international financial markets, while ensuring his life and protecting his family.
Géfinor Center, Clémenceau Str., Bloc A, 2nd Floor
P.O.Box 11-0393 Beirut, Lebanon
Tel & Fax (961) 1 744403