TInsurance providers rely on consistent cash flow. That’s where we come in.
Direct Debits for insurers
Collect insurance premiums on time with reliable Direct Debits
Keep cash flow steady – our Direct Debit solutions enable you to automate premium collection, reducing missed and failed payments. This gives you the liquidity to meet claims obligations, maintain minimum capital requirements, and sustain a profitable financial model.
Cut down admin – automating payment collection, processing and reconciliation eliminates the need for error-prone manual data entry and time-consuming payment chasing, freeing you up to focus on more meaningful work.
Reduce costs
– our fees are low-cost and transparent. The money you save on payment processing can be invested however your business needs, increasing your overall profitability.
Support from experts – our team has in-depth knowledge of the latest Bacs scheme rules. When you have a question, you can contact our support team for answers, getting the information you need to collect timely payments while remaining compliant.
Easy to switch –
switching from your current Direct Debit provider is seamless, and our team will guide you every step of the way. Once you’re set up, it’s business as usual for you and your customers, with no disruption to payments.
The benefits of direct debits for policyholders
Direct Debits give clients a hassle-free way to pay monthly premiums and maintain protection.
- Set up once and save time every month
- Keeps the policy active and cover in place at all times
- No risk of lapsed cover due to missed payments
- Submit claims with confidence, knowing payments are always up to date
- Protected by the Direct Debit Guarantee
