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As you know, customers are able to pay for Q Classic policies by way of monthly instalments, breaking down their annual premium into monthly instalments.

This funding facility is provided by IQumulate Premium Funding.

While the monthly instalment option will still be available for Q Classic policies, the premium will now be broken down into 10 equal monthly instalments, rather than 12 instalments.

This will mean that customers will pay for their 12 month policy within the first 10 months. This still allows customers to pay for their policy in convenient bite-sized instalments and spread the cost over time. 

This change will take effect on all policies created from Friday, 24 April 2020.

If you have any queries in relation to this change, please do not hesitate to contact your Q Account Manager.


Kind Regards,

Q Report Team


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