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How is the insurance premium paid?

When and how do I pay the insurance premium?

The insurance premium is paid monthly. It's debited from your main Revolut account on the monthly due date of the insured loan.

Can I pay my insurance premium partially?

The insurance payment is only successfully debited if the entire value of the monthly premium is available in your account. Partial payments are not possible. If you don't have the full amount, the debit will fail.

What is collected first — insurance or the loan instalment?

If there's enough money in your account for the full insurance premium, the monthly insurance premium is paid first, followed by the monthly loan instalment.