Savings Insurance

Are you looking for savings account insurance for self-employed professionals that guarantees the balance of your passbook account while protecting your family against life’s unexpected events?

BANK OF AFRICA offers savings insurance designed to secure your savings by guaranteeing the payment of a capital amount to a designated beneficiary, equal to the balance of your passbook account, in the event of death or absolute and definitive disability of the insured. This passbook insurance for freelancers in Morocco ensures financial continuity while safeguarding the savings you have built over time.

Thanks to BANK OF AFRICA’s savings insurance, self-employed professionals benefit from death and disability cover with insured capital of up to MAD 300,000 at a highly accessible cost. This solution helps protect savings balances for professionals in Morocco, offering peace of mind for both you and your loved ones.

3 benefits of this savings insurance

The guaranteed capital is directly linked to the balance of your passbook account, allowing coverage to evolve with your savings. You also benefit from competitive pricing and immediate payment of the insured capital following a claim.

Adapted coverage: the insured capital in case of death or disability is linked to the balance of your passbook account
Strong protection: your loved ones remain financially protected in the event of death or disability
Affordable premium: from only MAD 20 per year, with a minimum insured amount of MAD 5,000; when the account balance increases, the premium is automatically deducted from accrued interest

Your questions, our answers

Any private persons holding a passbook account with BANK OF AFRICA and under the age of 65 may subscribe to this insurance. If the passbook account is opened by a parent or guardian for the benefit of a minor child, the guarantee relates exclusively to the parent or the guardian who opened the passbook account.

No problem, we just need to be informed in writing and we will change the clause in the contract. The new clause will take effect once the change is made.

The insured capital is equal to the balance of your account, so for any amount exceeding the minimum of MAD 5,000, an additional premium is deducted from the paid-out interest. The advantage of this formula is that it preserves your savings, and in addition, you benefit from a free splitting.