KEEP TRACK OF YOUR PAYMENT HOLIDAYS

Maya Fisher-French

Most banks, insurers and retirement product providers offered instalment or premium waivers to distressed consumers earlier this year. In the case of vehicle insurance, many insurers automatically reduced premiums as policyholders were in lockdown and unable to drive.

Depending on when you took the relief, your financial commitments may have resumed or will be resuming shortly. Make sure you stay on top of the details and know when those premiums or instalments are due. If you are not in a position to meet the payments, you need to contact your provider sooner rather than later.