How are premiums calculated?


Your premium is calculated at your Policy Acceptance Date and on each Policy Anniversary based on your age, gender, smoker status and Benefit(s) chosen, plus the 3% increase in your Benefit level (Automatic Sum Insured Increase as explained here) unless you choose to opt-out of the Automatic Sum Insured Increase by contacting us. Generally, Life Insurance premiums increase each year as you get older.

This is not a savings or investment plan and depending on how long the cover is in place, you may pay more in premiums than your chosen benefit amount.

What is the Automatic Sum Insured Increase ? 

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