Bank of Africa review

Updated September 28, 2026 · AssureCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Bank of Africa suits people in Morocco who want personal cover bundled with an everyday bank account, and it stands apart because it works as a broker rather than an insurer. Monthly payments are available, and the group has operated since 1959.

Key facts

Best for
Customers who want home, travel, health, life and income protection collected through one bank relationship.
Insurance types
Home, Travel, Health, Life, Income-protection (Source, checked September 26, 2026)
Provider type
Broker (Source, checked September 26, 2026)
Monthly payments
Yes (Source, checked September 26, 2026)
Cover limit
Sum assured from MAD 10,000 (Taamine Al Aazae death cover) (Source, checked September 26, 2026)
Age range
18 to 60 at subscription, cover until 65 (Source, checked September 26, 2026)
Legal entity
BANK OF AFRICA (ex BMCE BANK) - S.A. (Source, checked September 26, 2026)
Headquarters
Morocco (Source, checked September 26, 2026)
Founded
1959 (Source, checked September 26, 2026)
Support channels
Phone, Email, Chat, Help-centre (Source, checked September 26, 2026)
Audience
Seniors
Pricing model
Monthly
Official website
bankofafrica.ma

Apps and profiles

Elsewhere
WikidataXLinkedIn

Pros and cons

Pros

  • One provider covers home, travel, health, life and income protection, so the policy set sits with a single name
  • Monthly payments are available, which spreads the cost of cover across the year
  • It works as a broker, so cover is sourced for the customer rather than written in house
  • Support runs on phone, email and chat

Cons

  • It works as a broker (broker), so cover is arranged for the customer and the policy itself is written by an insurer
  • The savings-linked life product accepts subscriptions 18 to 60 at subscription, cover until 65, which narrows who can hold it
  • Auto, pet and landlord lines are not among its insurance types (home, travel and health), so those needs go elsewhere
Bank of Africa

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Scored 9.2 / 10 by AssureCue.

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Who it suits

  • Bank of Africa customers who want personal cover added to an existing account
  • People shopping for savings-linked life cover alongside day to day banking
  • Households who prefer one point of contact rather than separate policies per line

Who should look elsewhere

  • Shoppers who want motor and gadget lines next to home and travel are better served by Euroasia Insurance (auto, home and travel)
  • Renters and landlords after landlord or home emergency cover belong with Hiscox UK (home, renters and landlord)
  • Pet owners get more from Good Sam Insurance Agency, whose lines include pet cover (auto, home and renters)

How your money is protected

Bank of Africa sits in this comparison with a provider type of broker (broker), which shapes who carries the risk on the policy. The group is supervised by Bank Al-Maghrib in Morocco, and the contracting entity is BANK OF AFRICA (ex BMCE BANK) - S.A.. Protection on the savings-linked life product starts at Sum assured from MAD 10,000 (Taamine Al Aazae death cover) on the death benefit, so check the insurer named on the document before you sign.

How Bank of Africa compares

Where Bank of Africa is available

Available
Morocco
Licence in Morocco
Bank Al-Maghrib, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What kinds of insurance does Bank of Africa offer?+

The range covers home, travel, health, life and income protection (home, travel and health). Those are the lines listed, so motor, pet and landlord cover sit outside what this brand offers, and anyone needing those looks further afield.

Can I pay monthly?+

Monthly payments are available, and the payment model listed is monthly (monthly). That suits people who would rather spread the cost of cover across the year than settle it in one go, which is the commonest billing pattern on the site (88.9%).

Is Bank of Africa an insurer or a broker?+

It appears in this comparison as a broker (broker). That means the group arranges cover on your behalf rather than carrying the risk itself, so the insurer named on your policy document is the party you deal with on a claim.

Who regulates the bank?+

The bank is supervised by Bank Al-Maghrib, listed for MA. That listing covers the banking side of the group, and the personal lines are arranged through the brokerage arm, so the policy terms you sign sit with the insurer named on the document.

What is the minimum cover on the savings-linked life product?+

The sum assured starts at Sum assured from MAD 10,000 (Taamine Al Aazae death cover) for the death benefit on the savings-linked life product. Entry is open to adults within 18 to 60 at subscription, cover until 65, so there is a lower age limit and cover runs only to the end of that window.

How do I get help if something goes wrong?+

Support runs on phone, email and chat, so you can pick up the phone, send an email, start a chat or work through the help centre. Claims handling itself sits with the insurer named on the policy, given the broker arrangement.

Who is this range aimed at?+

The listed audience is seniors, and the product set is built around customers of the bank. It makes most sense for people who already bank with Bank of Africa and want personal cover added to that relationship.

Sources

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Premium from.

Bank of Africa

Bank of Africa

Customers who want home, travel, health, life and income protection collected through one bank relationship.

9.2/10See alternatives

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