Republic Life Insurance officially signs on to the Office of the Financial Services Ombudsman

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Port of Spain, Trinidad, January 24 2022: Republic Life Insurance Company Limited officially signed on to the Office of the Financial Services Ombudsman in December 2021.

As previously announced on August 18th 2021, Republic Financial Holdings Limited (RFHL) expanded its lines of business into Trinidad and Tobago’s insurance sector and effective September 15th 2021, Republic Life Insurance Company became the newest member of the Republic Group.

Republic Life Insurance Company will now manage and underwrite creditor life insurance coverage for the following credit products offered by sister company Republic Bank Limited:
• Personal Loans
• Personal Mortgages
• Personal Credit Cards

With creditor life insurance, insured borrowers have the protection that should they become disabled or die, the outstanding mortgage, loan, or credit card balance will be repaid by the proceeds of the insurance policy.

Creditor life insurance is the first offering from Republic Life Insurance Company and the company intends to soon introduce other products which will enhance the total insurance product offering from the Republic Group.

The move into the insurance sector is a major milestone for the RFHL Group and supports the Group’s objective of providing our customers with greater product choice from a financial services group they know and trust.

The company’s signing on to the Office of the Financial Services Ombudsman is consistent with the Group’s strong governance and customer focus principles.

February 3, 2022
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