Insurers urged to push direct debit
Insurance companies are failing to promote direct debit payment adequately, says an Inform report for...
Insurance companies are failing to promote direct debit payment adequately, says an Inform report for the UK banking industry.A survey into premium payments found only 50% of insurers promote direct debit at quotation and renewal stage. Despite this, insurance was found to be the household expense most commonly paid for by direct debit. The survey found 76% of non-life insurance bills were paid for using this method.
The research also found 43% of the population now prefer to pay using direct
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