How To Pay Premiums

Paying premiums just got easier

We understand the pressure of having to pay insurance premiums.  Thankfully, the insurers have gotten creative and made it easier to have the insurance you would want whilst making it easier to pay for it.

Compare payment options with ease

At Find Insurance, we have made it easy for you to compare and decide on the best way to pay for your insurance premiums with some of the largest and most established companies in Australia.

Because we all have different needs, some insurers offer different insurance premium payment options to help ensure your cover is affordable and suits your financial situation. No one type is better than the other, however one will almost certainly be a better fit for your circumstances. So which one should you choose?

Which premium payment option is best for you?

Paying premiums from cash flow?

If you can afford to pay all of your insurance premiums from cash flow then this would be the best way to go.  It means you hold the insurance in your own name and when it comes to claim time, the insurer will pay the claim amount directly to you or your nominated beneficiary.

Paying from Super?

If you cannot afford to pay your premiums because of budget constraints, then you can hold the insurance in a super environment and have the premiums paid via rollover.   No longer do you have to have the insurance held directly in your own super fund.  You can still have the super fund of choice but simply request that super fund to rollover a yearly premium amount once a year to cover your insurance premiums.

Paying up to 95% from Super and the rest from Cash flow?

In the past you either had to hold a policy either in super or outside of super.  Now there are insurance companies who provide policies that are held both in and outside of super.  This means you get a great policy but up to 95% of the premiums are paid from super.  It provides the best of both worlds:  a great insurance product with the ability to afford it.

What should you choose?

At Find Insurance, we will ask you how you would like to pay for each of your insurance policies when you Request a Quote.

If you are not sure what do do then we suggest you follow our default payment method:

Life Insurance: Held and paid from your own super fund - we will just need to know details about your current super fund.

Trauma Insurance:  The only one you have to pay from cash flow.

TPD & IP: A policy held in and outside of super with Own and Any Occupation definitions and premiums paid from both super (up to 95%) and the remainder paid from cash flow.  This option is not available for all occupation types.  If you select our default option for TPD and it is not possible to have this payment option we will inform you and ask you decide an alternative payment method.