Page 12 - Hollard - Private Portfolio Policy Wording

Pay your premiums on me
Your premiums − whether paid monthly or annually – must reach us on me. All premiums are payable in advance, before your policy starts.
Monthly premiums
Monthly premiums are payable by bank debit order unless we have agreed otherwise, but only as an interim arrangement.
Your very rst premium must be paid on me in advance; there is no grace period.
A grace period is where we have agreed to keep you covered for a speci c period, although your premium for that period has not been paid on me. The grace period always ends on the date the next premium is due.
If you miss a payment for any subsequent month, we will keep you covered for that month as a grace period. We will, however, request payment (by debit order) of two months’ premium the next month. If we do not receive the two months’ premium, or you instruct your bank to stop the payment, your policy will be automa cally cancelled. This cancella on will be backdated to the date on which your rst payment was supposed to have been made. No cash payment by you a er the grace period, without our prior agreement, will be accepted or will reverse this cancella on.
Annual premiums
If you are paying annually, you are allowed a 30-day grace period a er the start of your policy to se le your payment. If you miss this deadline, your policy will automa cally lapse. Any claims you may make during the grace period will not be se led un l you pay all premiums s ll outstanding, or agree to them being deducted from any se lement.
Your responsibili es as the policyholder
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Hollard Private Por olio