Premium Financing Solutions
Premium Financing Solutions (Pty) Ltd provides a premium finance facility for
Corporate and Commercial clients who elect to finance their annual short-term
insurance premiums. Premium Financing is a comprehensive banking alternative,
which enables you to pay your annual insurance premiums on a monthly basis.
Our Business Philosophy is to be the preferred business partner in offering
innovative and flexible financing solutions to the insurance market.
- We are represented nationally
- We are equipped to assist Short Term Insurance Brokers with their monthly insurance premium collections
- We are also able to finance non-refundable premiums
Benefits to the client:
- Additional source of finance, does not affect their banking facility or borrowings or working capital
- Improves cash flow – flexible financing. Monthly repayments over an arranged period
- Competitive finance charges
- Endorsements accommodated
- Multiple class of covers funded on one agreement with single monthly debit
- VAT input credit, claimable up front
- Various repayment options
- Fixed rates with the underwriters for the year
Benefits to the broker:
- Flexibility by allowing his/her client the benefit of an annual policy paid monthly
- Competitive and fixed interest rates
- PFS reduces brokers credit control requirements and improve brokers cash flow
- No requirements for broker to set up a collection system
- PFS will follow up and administer debit orders
- Total premium is paid over to broker and commission is earned upfront
- Additional product in offering basket
- Retention of client for the year. Prevents mid-term attacks