Premium funding is an insurance payment method to assist with cash flow by giving businesses the ability to spread the insurance premium over regular instalments, instead of paying the full policy cost upfront.
Benefits of using premium funding include:
- Easy, secure and simple online application process
- Multiple insurance policies can be funded under the one contract with one monthly repayment
- Interest repayments may be tax deductible
- Payment options including direct debit or credit card
- Fixed application fee & interest rate for the term of the loan
- Automatic renewal option (optional)
