Your policy price can be broken down into 3 parts:

Insurance Premium Tax (IPT): IPT is a tax on general insurance premiums. Currently the standard rate is 12%. 

Distribution Fee: All payments are handled by Stripe, who charge a percentage-based fee for each credit or debit card payment. Currently, the charge is 1.4% + 20p for major European cards. 

Insurance Premium: After substituting the above, the remaining price is representative of your insurance premium. 

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