If you choose monthly instalment, you will be charged a one-month premium upon purchase via your preferred card.
- Your next payment will be due on the 10th of the same or following month, depending on the date of your purchase, and the deduction will occur on the same card as per your first payment.
- If the deduction fails, you will receive an email informing you and a second deduction attempt will occur on 20th of the same month.
- If the deduction fails again, you will receive a second email and a third deduction attempt will occur on the 10th of the following month, with a two-month premium deduction.
- Following that, and should the third deduction attempt fail, you will be given a 62-day grace period from the last premium due date to make your payment before your policy lapses. There will be no further attempt to deduct from your card.