PMAS Regular Savings
Frequently asked questions
If you’ve got a question which isn’t answered
here, please contact
us.
You can find out more information on
the product information and the
key features pages.
What is the Regular Savings
plan?
Who can
apply?
What documents do I need for verification
of identity?
What life insurance is
included?
What is the
plan term?
How long will it take to complete the
application?
What do I need to decide before
completing the application?
I don't know my height in
metres/centimetres - how can I convert this?
I don't have any other plans with
Police Mutual - how do I know if my force allows deductions from
salary/pension?
How do I apply?
After I have applied - who do I contact
for updates?
What
is the Regular Savings plan?
Regular Savings is a Police Mutual
with-profits savings plan, with a term of between 10 and 30 years.
Because you can invest the money for a long time – and you know
you’ll get a cash lump sum at the end – it’s ideal for saving for
special occasions like birthdays or anniversaries.
You can also start more than one plan, so you
get a cash lump sum each time a plan comes to an end.
Who
can apply?
Anyone who is eligible to apply for a Police
Mutual plan can apply. Find out
if you're eligible here.
What
documents do I need for verification of identity?
To comply with money laundering regulations,
we may carry out an on-line identity check with a reference agency
when you apply. The agency will add a note to your credit record to
show that an identity check has been made, but this information
will not be available to anyone else and will not affect your
credit rating.
You can find out more about why we need to
check your identity on the
Financial Services Authority website.
What
life insurance is included?
- Our savings plans include life cover. The
guaranteed minimum payout plus all added bonuses will be paid in
the event of the death of the person who is covered by the
plan
- The life cover payable depends on your age,
the amount of your payments and the length of the term
- If we pay out the life insurance the plan
ends and has no further cash value
What
is the plan term?
The plan term - or term of plan - is the
period of time that the plan will be active. You can choose for a
plan term of between 10 and 30 years.
How
long will it take to complete the application?
If you’ve read through all the supporting
literature before you begin to complete your application, and have
necessary information to hand, the application should take no more
than 10 minutes.
What
do I need to decide before completing the
application?
- The amount you want to save each week/month,
or the guaranteed minimum value you’d like to receive at the end of
the term
- The term of the plan
I
don't know my height in metres/centimetres - how can I convert
this?
To work out metric measurements from imperial,
use our height/weight
conversion calculator.
I
don't have any other plans with Police Mutual - how do I know if my
force allows deductions from salary/pension?
We have a
full list of all forces offering deductions
from your salary or pension.
How do I apply?
Before applying, make sure you’ve read the
product information and the
key features pages. You’ll
need to have your bank details or payroll number to hand.
You can:
You may also have to provide details of your
medical history and your height/weight in metric measurements. If
you only know the imperial measures, use
our conversion calculator. We may also need
your GP’s details.
After I have applied - who do I contact for
updates?
We will treat your application as a priority.
If you have any questions about the processing of your application,
please contact us on
0845 88 22 999.