The other payment option we offer our customers is level premiums.

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. Although your initial premium will be higher than a stepped premium, it will not increase each year.

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.