Cash Assurances and CNEP-Banque to launch two bancassurance products

Cash Assurances and Caisse Nationale d’Épargne et de Prévoyance (CNEP-Banque) are introducing two new bancassurance products to the Algerian market.

The first product provides coverage against natural disasters, including earthquakes, floods, storms, and landslides.

The second is a comprehensive homeowner's insurance policy that covers fire, water damage, theft, and glass breakage, while also including third-party liability coverage and home assistance services.

CNEP-Banque customers with mortgage loans will be automatically eligible for the natural disaster coverage, while the comprehensive homeowner's insurance will be available as an optional product for all bank clients.

Initially, the new products will be offered across 36 CNEP-Banque branches, before being gradually extended to all 230 branches throughout the country.