Payment Options
We realise that the needs of our customers are constantly changing and when it comes to paying bills you need a fast and efficient method of payment. At Zurich we try to make things more convenient by providing a number of alternative payment options.
You can pay by:
- Cheque/Bank Draft
- Credit/Laser Card
- Cash
- Instalments through our Starplan facility.
This plan gives you the option to pay your premium over monthly instalments.
A deposit of 30% of the premium is required for first time applicants. The remainder of the premium is payable over 6 monthly instalments.
After the first year, premiums can be paid over 9 equal instalments. No deposit is required for renewable business.
| Example of Payment Sequence | |
|---|---|
| First Year of Payment by Starplan | |
| Total Premium | €300.00 |
| Deposit Payable 30% | €90.00 |
| Balance Payable by Instalments | €210.00 |
| 1/6 of Balance Payable | €35.00 |
| plus 5.4% Service Charge (19.9%APR)* | €1.89 |
| = Monthly Instalments (x 6) | €36.89 |
| Subsequent Years on Starplan | |
| Total Premium | €300.00 |
| Deposit Payable | Nil |
| Balance Payable by Instalments | €300.00 |
| 1/9 of Balance Payable | €33.33 |
| plus 5.4% Service Charge (15.2%APR)* | €1.80 |
| Monthly Instalments (x 9) | €35.13 |
The form of direct debit that is required to facilitate variation is the "Variable Amount Instruction" as defined by the Irish Banks Standing Committee.
*Variation in % APR is due to number of instalments in each year.
