If you currently pay your premiums monthly, you may be eligible for a discount by changing to half-yearly or annual payments.
Some things you may want to think about:
- How you prefer to manage your finances. Can you afford to pay a larger amount annually or half-yearly in order to receive a discounted rate?
- Do smaller monthly payments (rather than half-yearly or annual) make it easier for you to manage your finances?
- Would a discounted premium rate paid annually work better for you?
Changing from monthly or quarterly payments to annual could reduce your premiums by up to 5%*.