Q: Can I pay off my premium by instalment ? A: Generally when we arrange insurance on your behalf we request payment be forwarded within 14 days of our invoice Certain classes of insurance are more stringent in their payment requirements and we will bring this to your attention if this is the case. Premium funding is available for Companies and Commercial Insurance and this allows you to pay by equal instalments usually over 10 months The Premium Funder charges additional interest for this facility. Funding insurance premiums allows the spread of payment and is not recognised as a loan in terms of liabilities. You agree by the contract to give the funder control over cancellation and return premiums in the event of any payment redundancy.