When you apply for a policy that includes Critical Illness Cover, you have a choice of premiums to choose from:
click the links below to find out more about each option and select that premium type that is right for you.
Guaranteed premiums are premiums that stay the same unless you alter your plan. So you'll always know what your premiums will be.
Reviewable premiums are guaranteed for the first five years of the policy. Reviews will then be carried out to determine whether the premium will be changed at the fifth anniversary and every five years after. This is to establish if the premium you're paying is enough to provide the level of cover selected.
We'll assess any premium change fairly. When we review your premium, the factors we look at are:
Your current state of health is not a factor at review.
We’ll write to tell you about the outcome of your review and will tell you at least three months in advance about the options you have and what action you may have to take.
If, after a premium review we recalculate the premium to within 5% of what you’re already paying, we won’t make any changes. The amount your premium may increase or decrease by, following a review is not limited.
If your premium increases you can choose to:
It’s important to make sure that the level of cover still meets your needs, as the option you select can’t be changed at a later date.
Reviewable premiums may be cheaper than guaranteed premiums when a policy starts.
Visit our Contact Us section for useful telephone numbers, email and postal addresses.
If you have any unanswered questions, our critical illness FAQs may help with the answers.