Premium Funding
Premium Funding option enables you to pay for any insurance policy on a monthly, quarterly and half yearly option. Essentially the premium funding company pays the full premium on your behalf, and you then repay the funding company with monthly payments over the course of the year.
Premium funding has the following advantages:
- The total insurance costs are distributed over a 12-month period;
- You can use premium funding for one or multiple policies;
- Any interest payments may be tax deductible