Need help or want to know more?

Call our expert health insurance advisers and we’ll be happy to help you

0800 0183633

Health Insurance For Individuals
+ Find Out More
Health Insurance For Business
+ Find Out More

Q: How can I pay my insurance premiums

Your insurance premium is the amount of money your insurance company will charge you for your insurance policy.


Normally Insurance Premium Tax (IPT) is added to the overall cost of your policy.


You will be asked to pay your policy on an annual, semi-annual or monthly basis. It is more common to pay your health insurance premium on a monthly basis, however you often have the choice to pay on an annual basis if you wish to do so.


Most people choose to pay by direct debit, however most insurers will give you the option to pay by cheque or by using a major credit or debit card.

What if I can no longer afford to pay for my health insurance?

If you can no longer afford to pay for your health insurance then you should speak to your health insurance adviser. Your adviser will be able to assess your current needs and circumstances and tell you your options.


However, you should be aware that if you have payments left to make on your policy then these must make these or your insurer could cancel your policy. This could mean any ongoing claims will not be paid for by your insurer.


If you are looking to reduce the cost of your premium at renewal then there are many options you can consider. For example you could consider removing some of the benefits from your policy. You could also think about moving your policy to a different insurer – your broker will be able to advise whether this is possible or not.


Read our Smart buyers Guide to Health Insurance to find out whether health insurance really is right for you