Insurance Instruments on the Investor Contract

Investments into insurance instruments does not appear in ‘Current Holdings’ on an investor account, as it is a non-investment instrument. Instead it appears separately on the ‘Insurance Instruments’ card on the investor contract.

Selecting View Details on the Insurance Instruments card provide further information regarding the client’s insurance instruments.

The times that insurance premiums have been reversed or declined and the times that insurance premiums have been recollected are displayed.

Where the collection of insurance debit orders take place through a host-to-host integration process with the collecting bank, debit orders can be declined in addition to being reversed.  Declined insurance debit orders, in such instances, will be displayed together with insurance debit order reversals.

‘Times contributed’ represent successful collections.

If the ‘Insurance Instruments premiums’ section on the statement defaults have been selected Insurance premium details will be displayed in the client’s statement.

Last Updated on 2 weeks ago by Antoinette Van Meyeren