BMOI Groupe BCP Tohivakana review

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

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Our verdict

BMOI Groupe BCP Tohivakana suits expats in Madagascar who want home, renters and health cover from a single insurer, home, renters and health, with help on email, phone and help centre. It holds a banking licence from Banky Foiben'i Madagasikara, 004/Ba/1989 (Arrete n6832/88 du 20 decembre 1988), which matters if you bank there too.

Key facts

Best for
Expats in Madagascar who want home, renters and health cover from a bank insurer.
Insurance types
Home, Renters, Health (Source, checked September 26, 2026)
Provider type
Insurer (Source, checked September 26, 2026)
Legal entity
BANQUE MALGACHE DE L'OCEAN INDIEN (BMOI) (Source, checked September 26, 2026)
Headquarters
Madagascar (Source, checked September 26, 2026)
Founded
1988 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Audience
Expats
Official website
bmoi.mg

Apps and profiles

Elsewhere
LinkedInXfacebook.com

Pros and cons

Pros

  • Home, renters and health sit in a single personal range, home, renters and health, so tenants and owners can cover more than one property type.
  • An insurer writing its own policies, insurer, rather than a broker or comparison site.
  • Founded in 1988 and based in Madagascar, with support on email, phone and help centre.

Cons

  • The personal range stops at home, renters and health, home, renters and health, so no auto, travel or pet cover sits with it.
  • It is written for expats, expats, which narrows the audience the lines are built around.
  • Support runs on email, phone and help centre alone, with no live chat named.
BMOI Groupe BCP Tohivakana

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Scored 9.3 / 10 by AssureCue.

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Who it suits

  • Expats in Madagascar, expats, who want home, renters and health cover from the same company that holds their bank account.
  • Readers who put a central bank licence and reachable support ahead of a wider personal range, 004/Ba/1989 (Arrete n6832/88 du 20 decembre 1988).

Who should look elsewhere

  • Good Sam Insurance Agency, auto, home and renters, if you want life, pet, auto and travel lines alongside home and renters.
  • Hiscox UK, home, renters and landlord, if you are after landlord and home emergency cover in a UK market.
  • Euroasia Insurance, auto, home and travel, if your priority is auto or gadget cover rather than health.

How your money is protected

BMOI writes its own policies rather than placing cover for another insurer, insurer. Its banking side sits under Banky Foiben'i Madagasikara, the Banque Centrale de Madagascar, under licence 004/Ba/1989 (Arrete n6832/88 du 20 decembre 1988). What that authorisation means for an insurance claim is set out in the policy terms, so read the wording before you buy.

The company behind it

The insurer trades as BANQUE MALGACHE DE L'OCEAN INDIEN (BMOI), BANQUE MALGACHE DE L'OCEAN INDIEN (BMOI), based in Madagascar and founded in 1988. The same bank name carries the BFM banking licence, 004/Ba/1989 (Arrete n6832/88 du 20 decembre 1988), so the personal lines sit inside a regulated bank rather than a standalone insurer. Questions on those lines go to email, phone and help centre.

How BMOI Groupe BCP Tohivakana compares

Where BMOI Groupe BCP Tohivakana is available

Available
Madagascar
Licence in Madagascar
Banky Foiben'i Madagasikara (BFM) - Banque Centrale de Madagascar (004/Ba/1989 (Arrete n6832/88 du 20 decembre 1988)), checked September 26, 2026

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

Frequently asked questions

What kind of insurance does BMOI sell?+

BMOI is an insurer, insurer, and the personal lines listed are home, renters and health, home, renters and health. Nothing else appears in that personal range, so a policy for a car, a trip or a pet would sit elsewhere.

Is BMOI an insurer or a broker?+

BMOI is an insurer, insurer, which means it carries the risk on its own policies rather than passing it to another carrier. The same company also holds a banking licence, 004/Ba/1989 (Arrete n6832/88 du 20 decembre 1988), so the insurance sits inside the bank rather than a separate agency.

Who regulates BMOI?+

BMOI is regulated by Banky Foiben'i Madagasikara, the Banque Centrale de Madagascar, under the banking licence 004/Ba/1989 (Arrete n6832/88 du 20 decembre 1988). That authorisation belongs to BANQUE MALGACHE DE L'OCEAN INDIEN (BMOI), BANQUE MALGACHE DE L'OCEAN INDIEN (BMOI), the legal entity named on the paperwork, and the policy terms set out what it covers for a claim.

How do I contact BMOI?+

Support runs on email, phone and help centre, so questions can go by phone, by email or through the help centre. The company behind the lines is BANQUE MALGACHE DE L'OCEAN INDIEN (BMOI), BANQUE MALGACHE DE L'OCEAN INDIEN (BMOI), based in Madagascar, so banking customers and insurance customers reach the same organisation.

How long has BMOI been in business?+

BMOI dates from 1988 and operates from MG, trading as BANQUE MALGACHE DE L'OCEAN INDIEN (BMOI). It is a bank that also sells cover, so many customers in the market will already know the name from the banking side.

How does BMOI compare with other providers?+

BMOI's personal range is home, renters and health. Good Sam Insurance Agency lists a wider set, auto, home and renters, and Hiscox UK adds landlord and home emergency cover, home, renters and landlord. Euroasia Insurance leans towards auto, home, travel and gadget, auto, home and travel, so the pick comes down to the lines you need.

Who is BMOI aimed at?+

The stated audience is expats, expats. The company sits in Madagascar, MG, and the range covers home, renters and health, home, renters and health, which suits tenants, owners and anyone moving to the country who wants cover handled by a bank they may already use.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Premium from, Monthly payments.

BMOI Groupe BCP Tohivakana

BMOI Groupe BCP Tohivakana

Expats in Madagascar who want home, renters and health cover from a bank insurer.

9.3/10See alternatives

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