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Premium Funding

Premium Funding - Pay by the month

We understand that as a not-for-profit or community group you may have limited cash flow. This is why we created our monthly payment option, Premium Funding — just for you!

Enjoy the flexibility of paying for your insurance in monthly instalments

We understand that not-for-profits and community groups often encounter cash flow challenges, which is why we offer Premium Funding—a monthly payment option for all annual policies that helps you manage your insurance costs effectively, allowing you to focus more on your community.

Discover how this flexible payment option can free up your cash flow, allowing you to focus on what truly matters - supporting your community.

Free up cash flow

Our monthly payment option helps you manage your cash flow more effectively, providing you with greater financial flexibility.

Quick approval process

Quick approval process

Applying for Premium Funding is easy, secure, and can be done online. We've streamlined the process to ensure a hassle-free experience.

Pay in 10 instalments

Your monthly payments will begin once LCIS receives your signed and completed funding contract. This allows you to spread out your insurance payments over time.

Locked-in interest rate

We offer a locked-in interest rate for the duration of the contract, allowing you to budget with ease and avoid any surprises.

Multiple payment options

Multiple payment options

You can choose from various payment methods, including direct debit, B-PAY, and most major credit cards, making it convenient for you to make your monthly payments.

FAQs

We address your most common questions about how Premium Funding can help you manage your insurance payments.

Once your application is approved, our premium funding provider, Hunter Premium Funding, will pay the total premium on your behalf. You then repay Hunter through monthly payments over 10 instalments, similar to a loan.

To apply, simply request to pay by the month when your policy is due for renewal or if you're a new client taking out a policy.

Our LCIS team will then provide you with a proposal breakdown after Hunter has assessed your application.

You can choose from various payment methods, including direct debit, B-PAY, and most major credit cards.

We offer flexibility to ensure that you can make your monthly payments conveniently.

Yes, there is a $45 application fee for all Premium Funding arrangements, along with a low-interest charge.

However, these fees allow you to spread your insurance payment over a 12-month period (10 instalments) without affecting your insurance cover.

Yes, there is an interest rate associated with Premium Funding.

However, the interest rate is locked in for the duration of the contract, allowing you to budget with ease and avoid any surprises.

LCIS has partnered with Hunter Premium Funding, one of the largest and most experienced premium funding companies in Australia and New Zealand. 

Premium Funding is available for all annual policies; however, it is not offered for one-off policies, such as Community & Family Event Public & Products Liability and Stallholder policies.

Please consult our LCIS team to verify if your specific policy qualifies for Premium Funding.

Yes! Premium Funding allows you to consolidate multiple policies into one simple payment solution. This makes it easier for you to manage your insurance expenses and keep track of your payments.

Absolutely! You can authorise a rollover so that your premium instalment payments will automatically continue upon renewal. This ensures a seamless payment process and helps you stay on top of your insurance coverage.

Unlock cash flow, so you can focus on your community

Talk to us about how premium funding can work for you.

Contact Us & Apply Now

Premium Funding available on annual policies only. Please note that the interest rate may be subject to change upon renewal expiry. For the complete terms and conditions set by Hunter Premium Finance, please contact insurance@lcis.com.au.

LCIS can provide information regarding Premium Funding, such as details about the cost, terms and conditions, and the process to sign up. However, please be aware that LCIS cannot provide financial advice to clients regarding whether to sign up for Premium Funding. If you require financial advice about whether Premium Funding is a suitable product for you, it is recommended that you consult a licensed financial advice provider outside of LCIS or the Premium Funder. LCPA# 24/484

 




Local Community Insurance Services (LCIS) is a division of JLT Risk Solutions Pty Ltd (ABN 69 009 098 864 AFS Licence No: 226827) (“JLT”) and is a business of Marsh McLennan. This insurance is issued via this website by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864 AFS Licence No: 226827) (“JLT”) under an authority to bind cover on behalf of the insurer. In issuing and underwriting this insurance, JLT acts as agent of the insurer and not as your agent. 

If JLT cannot issue insurance to you as an agent of an insurer because the underwriting information you have provided means that the insurable risk falls outside of our Binding Authority, JLT can instead arrange your insurance on the open market as your agent. In this instance, JLT will be acting in a dual capacity, as an agent for the insurer in collecting the information and then as your agent in arranging the insurance. JLT will also be acting in such a dual capacity in circumstances where you have obtained multiple insurance policies through JLT, where some of those policies have been issued by JLT as agent of an insurer and others have been arranged by JLT as your agent. All insurance coverage is subject to the terms, conditions and exclusions of the applicable individual policies. JLT cannot provide any assurance that insurance can be obtained for any particular client or for any particular risk.

This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from LCIS on request.

JLT arrange insurance and premium costs directly to not-for-profit clubs and community groups. Quotations, renewals and new business policies are not to be accessed and resold by insurance advisers or other insurance intermediaries.