How much do I need as a down payment?

On a new policy, we take two months of payments as a first down payment. When you start a new instalment policy with PD, your initial payment is a down payment equal to 2 monthly instalments. You will have 10 monthly instalments after that with no payment due in the last month of your first term. When your policy renews for another year, we’ll divide your premium into 12 monthly instalments with a payment due each month.

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