Insurance premium finance is a type of short-term loan meant to help people pay for their insurance premiums. This is offered against the customer’s insurance premium payment for a maximum of 5 months.
Why is Insurance Premium Financing important?
Reduces the financial burden of paying a lump-sum insurance premium.
Up to 100% of the premium amount can be financed.
Improves the management of a company’s financial flow
Instant access to a year’s worth of insurance coverage
Insurance premiums can be paid over a variety of time periods
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