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Financing Insurance Premium
The eVan instalment plan will be financed by Conister Trust Plc which is arranged and administered on their behalf by Panacea Finance Ltd. for information about Panacea Finance and the Direct Debit process. Legal Expenses (if applicable) There is a charge of 2. comprehensive premiums (both subject to Insurance Premium Tax if applicable) for Legal Expenses cover underwritten by I.G.I. Insurance Company Ltd.
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Premium The payment, or one of a series of payments, required by the insurer to put an insurance policy in force and keep it in force. Premium Deposits Amounts that are left on deposit with the insurer for the payment of future premiums. Premium Receipt A receipt that the sales agent gives to an applicant for insurance in exchange for the initial premium payment and that provides a proposed insured with temporary insurance coverage while the application is being underwritten.
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Mode of Premium Payment The frequency with which premiums are paid (for example, annually, quarterly, monthly). Premium Whole Life Insurance A type of whole life insurance in which the policyowner pays a lower than normal premium for a specified initial period, such as five years. After the initial period, the premium increases to a stated amount that is somewhat higher than usual. This higher premium is then payable for the life of the policy.




