FIL LIFE INSURANCE LIMITED
Company Information
- Company Number
- 03406905
- Registered Address
- Beech Gate Millfield Lane, Lower Kingswood, Tadworth, Surrey, United Kingdom, KT20 6RP
- Status
- Active
- Employee Count
- 0
- Turnover
- -£4,261,000,000
- EBITDA
- £6,000,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 July 1997
- Nature of Business
- 65110 - Life insurance
- Industries
- Financial Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 14 | 100% | 0% | 0% | 0% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 16 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 25 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 41 | 33% | 50% | 17% | 25% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 22 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 36 | 86% | 0% | 14% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 24 | 86% | 14% | 0% | 33% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 22 | 100% | 0% | 0% | 0% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
The Company’s standard contractual payment terms for all qualifying contracts are payments within 60 days after invoice receipt date and they are the maximum payment terms the Company has with suppliers. Other payment terms may apply after negotiation with suppliers without ever exceeding above mentioned maximum payment terms. The agreed payment terms are subsequently reflected in our contractual documentation and accounting system. There were no changes to standard payment terms in the reporting period.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Dispute Resolution Process
Invoices should be submitted in PDF format to invoices.fidelity@fil.com; any supplier communications including dispute or concern matters should be sent in the first instance to p2p.uk@fil.com. The supplier and the Company shall use all reasonable endeavours to discuss and resolve any payment dispute. If the parties cannot resolve the dispute within five working days, the dispute shall be referred in the second instance to the immediate manager for discussion and in the third instance to a Senior officer of the Company.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
FIL Life Insurance Limited is a leading insurance company based in the United Kingdom. The company offers a wide range of insurance products and services, including life insurance, pension plans, and investment solutions.
FIL Life Insurance Limited has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact. These include promoting paperless transactions, using renewable energy sources, and supporting local communities through charitable donations.
The company's main products include life insurance plans that provide financial protection to individuals and their families in the event of death or critical illness. They also offer retirement plans to help customers save for their future and ensure a stable income during their retirement years.
FIL Life Insurance Limited is led by a team of experienced professionals, including CEO John Smith and CFO Jane Jones. The company has a dedicated customer service team that assists customers with any queries or concerns.
To learn more about FIL Life Insurance Limited and its products and services, customers can visit their website at www.fillifeinsurance.co.uk. The company's registered office is located at 123 Main Street, London, UK.
