This is a financing product which allows you to finance your annual insurance premium, rather than pay the lump sum upfront. In repaying fixed monthly amounts, you can avoid premium increases during the year and it allows you to manage your cash flow more effectively.
The Insurance Premium Finance (IPF) Facility is available to finance the full premium payment to the Insurance company giving you the freedom to spread the repayments for the premiums whilst preserving you cash flows for other business opportunities.