With level premiums, the amount you pay is worked out on your age when you take out the policy, as well as your gender and the sum insured.

Please note: A level premium will not increase because of age, but will rise due to any increase in the sum insured as a result of the Automatic Indexation Benefit. The Automatic Indexation Benefit increases your sum insured each year to help keep your insurnace in line with the cost of living, your sum insured will be increased on your policy anniversary each year by the indexation factor (to a maximum of 10%), your premium will increase to reflect this, unless you decide not to select this option.

We can also change the premium rate for all policies at any time. In the event we apply an increase to all policies, we will provide you with at least 30 days’ notice and you will be charged the new premium from your next policy anniversary.