Premium Funding


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Who needs it ?

 Businesses that need to spread their insurance payments over the year thus freeing up working capital and making it easier to budget on a month by month basis

Overview

Premium Funding is an often used, simple and cheap method of paying large premiums on a monthly basis. This allows the person or organisation to retain capital and spread the payment of premiums over a twelve month period.

Frequently asked questions

Q. Is there any GST on Premium Funding?
A. No. GST is only applicable on the insurance premium not the funding

Q. What type of policies can be funded?
A. All insurance policies can be funded including non-cancellable

Q. Can domestic insurance be funded?
A. Yes providing business insurance is also being funded and the domestic portion is not over 50% of the premium funded

Q. Are endorsements able to be added?
A. Yes endorsements can be added throughout the loan at no charge provided there are 3 instalments remaining and it is over $100

Q. What payment options are available?
A. Payments can be made via direct credit, direct deposit, Visa and MasterCard (2% surcharge)