DEFT – Payment Systems Option

FIA have an arrangement with Macquarie Bank to use their DEFT Payment System to allow convenient, secure online options to pay your premium in the following ways:

  • Internet

    Pay by credit card over the Internet from Macquarie Bank (VISA, Mastercard, American Express, Diners Club).
    Make a payment online

  • Telephone 1300 78 11 45

    24 Hour service to pay by credit card over the phone Bank (VISA, Mastercard, American Express, Diners Club).

  • BPAY

    Make a payment direct from your financial institution cheque or savings account, using the Biller Code and BPAY Reference Number on your invoice.

  • In Person

    Present your invoice in tact at any Australia Post Office. Payments may be made by cash, cheque or EFTPOS.

  • Mail

    Simply detach your payment slip and mail it to: Finance & Insurance (Brokers) Australia Pty Ltd, Level 2/208 Greenhill road, Eastwood, SA 5063.

Business Clients – Premium Funding Option

Cash flow management is an important requirement for any successful commercial business and a lump sum insurance payment could be disruptive to annual business cash flows.

Premium Funding can help to avoid large insurance bills that need to be paid in one lump sum by offering a flexible and convenient way to spread insurance costs into smaller monthly payments.

The ‘cash flow’ advantages of funding your Insurance Premiums are that you obtain an additional Line of Credit which preserves working capital for better investment in your business.

Premium Funding is a flexible insurance payment option that can be structured to meet the financial needs of your business.

Enjoy the following benefits of Premium Funding:

  • Retain working capital
  • Fixed interest rate – tax deductible
  • No loan security cost – the policy itself is the security
  • Flexible repayment options
  • Various repayment methods

How does it work?

On your behalf, FIA arrange for payment of your insurance premiums to us by the required date through one of a range of Premium Funders.

You repay to the Premium Funder the total premiums cost plus their finance charge in monthly instalments by EFT through the Direct Debits Payment System.

This funding option is available for commercial insurance including industrial special risk, public liability, workers’ compensation, motor vehicle, professional indemnity and most others.

Your Account Manager can arrange for a Premium Funding quotation for your business account.