Mid Term Adjustment
Payment in full policy
The additional premium will be issued within 14 days of the adjustment and processed using the card you used when setting up the policy. If this isn’t your card, please make sure you advise the cardholder.
You’ll see an increase in the instalments and the finance provider will give written confirmation of the updated direct debit amount within the next 14 days. If you are within two months of your renewal date, we won’t be able to add the amount onto your instalment plan due to the small number of instalments left to pay. In this case, we will charge the card used for your deposit for the additional cost.
If the direct debit doesn’t come out of your own account then please make sure to inform the account holder. Your new documents will be available on the customer portal for you to read. Please keep us updated if you need to make any other changes.
Keywords: change my policy, DBS, pay, additional charge