Finafrica Microfinance Guinee review

Its life range is a single product: a lump sum on death or total permanent disability, plus a hospitalisation allowance, so dependants and treatment bills are both covered under the same contract rather than two separate policies.

The life policy pays its largest sum on death or total permanent disability and a lower figure as a hospitalisation allowance, both expressed in guinean francs, so the two benefits are not the same amount.

It is licensed by the Banque Centrale de Republique de Guinee under 007/LSFD/BCRG/2005. The broker is supervised by that central bank rather than carrying the risk itself, so the insurer behind the Finafrica Microfinance Guinea policy is a separate party.

It is a broker, not the insurer, and the Finafrica Microfinance Guinea places the policy with a carrier. For a household taking on its first life policy that is a convenience, since someone else reads the wording and terms with you.

It has traded since 2005 and is registered in Guinea as Finafrica Microfinance Guinea. For a life policy bought through an intermediary rather than a direct insurer, that record is the main marker of staying power in the market.

Support runs on phone, email and help centre, so phone and email are the direct routes with a help centre behind them. The same broker team that placed the policy handles the conversation, so keep your Finafrica Microfinance Guinea policy details to hand when you call.

Benefit sums are set out for the life policy, while the premium is not one of the published figures, so the broker team sets the price when it quotes. Ask on phone, email and help centre for the premium in writing, with the cover sum you want, before you commit.

The comparison covers 244 life brands, 155 of them licensed, and monthly paying is the norm, with 94.4% of listings offering it. Finafrica Microfinance Guinee sits at the narrow end, offering life cover only.