Premium Funding Benefits For The Intermediary / Underwriter
We easily integrate with the way you already do business.
We provide underwriters with cost-effective means of collecting customer’s monthly premium payments, which are PCI compliant.
Underwriter receives full annual premium at 30 days from inception date of policies.
Introducer receives full commission/incentive based on annual premium at renewal/inception (if applicable).
Monthly premiums are collected on the due date & dishonours are actioned on the day of dishonour.
Retention rate is high with easy rollover at renewal (no re-application needed).
Flexible integrated system can handle all aspects of underwriter’s interface with customer’s premium variations.
Minimal broker involvement needed.
With over 10 years’ experience in customer service, we provide dedicated phonelines for payment queries, credit card amendments, payment date variations & other customer service queries.
No need for you to allocate dedicated staff to handle queries or provide administration to follow up overdue payments.
Online Portal is user friendly & available 24/7.
Our facility meets APRA requirements & complies with Section 52-63 of the Insurance Contracts Act & is exempt from the Uniform Credit Code.