Franklin D Roosevelt wisely said: “We cannot always build the future for the youth, but we can build our youth
Share this News Post.
As part of annual renewal or new policy discussions, the broker quotes the client (the insured) an annual insurance premium and discusses the benefits of premium financing as an option. If the client is interested, the broker – or the insured – contacts a premium finance provider for a quote. In order to provide a premium financing quotation, the following information would typically be required:
If the client is happy with the quotation, we would then draw up the documentation, which is really simple and easy to understand, and send it through for signature.
Once activated, we would collect the instalments due and pay the premium to the insurer or broker in line with the policy requirements.
At the end of the day, premium financing is an option that benefits brokers, insurers and policyholders alike. The set-up process is hassle-free, with minimal admin and paperwork required.
Our long-standing relationships with our brokers and clients are built on trust, service and expertise that is unparalleled in South Africa’s Premium Finance industry. It’s why we’re trusted to finance more than R800 million in premiums every year – a reflection of our values, efficiency and service.
With Fulcrum, the process of initiating a Premium Finance facility takes no more than 24 hours, so chat to us today to find an optimal solution.