Premium Payment Installments

    Flexible payment options to make premium management easier for your business.

    Available Payment Plans

    We offer various installment options to suit different business needs and cash flow requirements.

    Annual Payment

    Pay the entire premium in one go

    Benefits:

    • Maximum discount on premium
    • Simplified administration
    • No recurring payment management

    Ideal for:

    Companies with stable cash flow

    Semi-Annual

    Split premium into two installments

    Benefits:

    • Better cash flow management
    • Small additional cost (2-3%)
    • Reduced upfront payment

    Ideal for:

    Medium-sized businesses

    Quarterly

    Pay premium in four installments

    Benefits:

    • Improved cash flow planning
    • Lower individual payments
    • Moderate additional cost (4-5%)

    Ideal for:

    Growing companies with variable revenue

    Monthly

    Pay premium every month

    Benefits:

    • Maximum payment flexibility
    • Easiest on cash flow
    • Higher overall cost (6-8% extra)

    Ideal for:

    Startups and small businesses

    Important Information About Installment Payments

    Payment Methods

    We accept various payment methods including direct bank transfer, check, and online payment gateways.

    For recurring installments, we recommend setting up auto-debit mandates for seamless processing.

    Mid-Term Changes

    If there are mid-policy changes like adding or removing employees, the remaining installments will be adjusted accordingly.

    Pro-rata calculations ensure you only pay for the actual coverage period.

    Late Payment Policy

    It's important to make installment payments by the due date to ensure continuous coverage. Most insurers offer a grace period of 15-30 days, after which the policy may lapse.

    Documentation

    Clear payment schedules will be provided at policy inception, detailing all installment dates and amounts. We send reminders before each due date to help you manage payments effectively.

    Need a Customized Payment Plan?

    We can work with you to create a tailored installment plan that matches your company's financial cycle and cash flow needs.

    Discuss Payment Options