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What is a Pre-Authorized Debit plan and how do I set this up with TD Insurance?
The Pre-Authorized Debit (PAD) Plan offers you the option of paying your premium through pre-authorized monthly withdrawals directly from your bank account. If you choose this option, note that your first policy term premium will be paid over 11 equal installments. Monthly installment fees will apply. Upon subsequent renewals, your premiums will be taken one month in advance, over 12 equal installments. You can also choose to pay in full via pre-authorized debit.
To benefit from our Pre-Authorized Debit (PAD) Plan, please provide us with the following information which can be found on a cheque for the corresponding bank account, or from a direct deposit/pre-authorized debit form from your banking institution:
- your bank's transit number,
- the financial institution number,
- your account number.
Existing TD Insurance customers can manage their billing details online once logged in to MyInsurance. Simply click 'My Billing' and enter the details of your request. Our Advisors are also available through secure chat should you require assistance.
Online and Mobile options with TD Insurance
Manage your insurance online with MyInsurance. With numerous self-serve features, you can view your home and auto policy details, download proof of car insurance (also known as your 'pink card'), manage your payment or contact information and much more.
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Please note that the answers to the questions are for information purposes only and do not constitute a legal opinion on the various types of coverage discussed. Individual circumstances may affect your coverage. In case of discrepancy between the answers contained herein and your policy, the policy prevails.