Enrolled account/credit card will be billed for 2 premium dues (2 months) to keep the policy updated, same billing cycle will apply. If the attempts during the second due date is still unsuccessful, Pru Life UK will stop billing the policy until back premiums have been paid. The client may pay through the other payment facilities.
For example:
Policy no. 12345678
Monthly Premium Due : Php3,000
Premium Due dates : Every 12th of the month
Billing Date | Premium due to be billed | Amount for billing | Billing status |
|---|---|---|---|
Oct 12, 2020 | Oct 12, 2020 | Php3,000 | Unsuccessful billing |
Nov 12, 2020 |
Oct 12 and Nov 12, 2020 |
Php6,000 |
Still unsuccessful billing What will happen?
|