CIP Help Center / Payments & Instalments

Detailed Instalment Payments

Compliance rules for payment plans.

Customers must explicitly understand all terms before choosing instalments. An upfront part-payment or deposit is required where the plan demands it.

Future due dates must be respected. Lapsed policies caused by non-payment can affect cover and may trigger commission clawbacks.

Underwriter payout should use premium principal. Interest and facility fees are not treated as underwriter premium.