No Money to Pay the Insurance Premium

No Money to Pay the Insurance Premium

"Insurance" is a matter that in modern times People are more interested and insured. Because the insurance will help cover and pay compensation Insurance also helps to save for insurers as for insurance which offers higher return than interest from financial institutions. But the important condition of the insurance coverage is the premium payment for the period specified by the insurance company. But sometimes the insurer is unable to send the insurance premium due to other burdens. Or lack of financial liquidity Therefore cannot send premiums, but we have a solution for this problem

If it's time to pay for the insurance premium but still can't make money to pay Don't worry too much about the band. Because the conditions of the late premium payment The premium payment can be delayed up to 31 days and while the money is being procured. The insurance is still covered. But if unable to find cash to pay If having a credit card, credit cards can be paid first. And then can use the money to pay for credit card later.

Make changes to the period of the premium payment period. It is another way to help ease the burden on the insured. By requesting a change Usually, the payment of premiums will be every 1 year, 6 months, or 3 months depending on the type of insurance policy. For example, insurance premiums are usually paid at the end of 1 year, but insurers can request to change to pay every installment. 3 months or 6 months so as not to have to pay a large sum at the end of the year
Keep the money for the insurance premiums every month so when it's time to pay the premiums Can use this lump sum to pay By depositing regularly, eating between 3 or 6 years or 1 year is another good option.
This is a little technique for those who face problems unable to pay their insurance fees. But the most important thing is The insured should try to choose a payment term that is suitable for themselves. And choose to have insurance that has a suitable insurance premium for you and other burdens that must be paid as well.
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