1 min read
18th September 2019

Cover4Student Launches Payment By Instalments

computer user

Cover4Insurance has launched its instalment payment method on its core student contents insurance product. This will provide customers with the ability to choose how they pay before they purchase their annual student possessions insurance policy.

Michael Masterson at Cover4Insurance stated:

It will provide our customers with an instalment payment experience that they didn't previous have access to. We hope that this makes the choice of insurance available to more students whose budgets are already tight. At checkout they will have the choice of payment by instalments using a credit or debit card they already have in their wallet without going through a long-winded direct debit process.

With this solution, credit and debit cardholders will have the option to divide their total purchase amount into smaller, equal payments over a 12-month period on qualifying online purchases (student contents insurance premiums over £50) or purchase for a one-off annual amount.

At the moment this is a pilot program for Cover4Insurance which if successful could be rolled out on other Cover4Insurance products.

T's & C's on instalment payments 

You may also be interested in:

Return To News