Protecting your cover from inflation
You can choose to make your cover amount increase in line with inflation, so your lump sum keeps its value as the cost of living rises. If your cover increases, your monthly payments may rise too.
If you choose this option, the maximum yearly increase would be 15% to your premium and 10% to your cover amount. The cover amount increases in line with the Consumer Prices Index (CPI), calculated over 12 months. To calculate the increase to your premium, we multiply what you pay by 1.5 and the percentage increase in CPI. If there’s no increase in the CPI there’s no change to your cover or premium over a 12 month period.
This option helps make sure your cover is worth just as much in the future as it is today.