Insurance Premium Funding (IPF)
Insurance Premium Funding
Insurance Premium Funding is designed for corporate clients with a large insurance premium. It enables this premium to be funded over an extended period of time (usually 10-12 months).
How does Insurance Premium Funding work?
A customer provides a detailed insurance policy to the financier, including the premium due date. A quote is then generated over 10-12 months as a fixed monthly payment. The minimum premium amount accepted is usually $5,000.
Benefits of Insurance Premium Funding
- Preserves working capital.
- The ability to cater for both general and business related insurance requirements.
Translease Pty Ltd strongly recommends that before entering into any facility that you obtain specific taxation, accounting and legal advice as to the implications and effect of entering into that transaction having regard to your own individual circumstances. You acknowledge that we are not providing you with any such advice.