Benefits Immediate access to annual insurance cover. Flexible repayment period of the insurance premium loan. Favourable and low interest rate Terms and Conditions Financing is up to 100% of the premium amount. Interest rate of 10% p.a. on reducing balance basis. Maximum repayment period of 9 months. The insurance policy to be used as security. Recovery is through cancellation of the insurance policy and member deposits in case of non-payment of loan. Maximum qualifying amount shall be up to 95% of member deposits Amendments