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What is the Annual Review?

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We review Your Policy annually and any changes we wish to make will take effect from the anniversary of your Policy Start Date each year. Following the review, we can make changes to the Policy cover and/or terms and conditions of insurance to reflect changes in the cost of providing this cover in the future.

Premiums may go up or down, or remain unchanged as a result of this review. The Policy cover and terms may also change as a result of this review.

There is no limit on the size or type of these changes.

We will notify You in writing at least 30 days before the anniversary date of Your Policy Start Date each year.

For each review We will take a fair and objective view on the likely future cost of providing this cover by considering:

  1. Our experience and expectations of the cost of providing this product and/or similar insurance products; and
  2. Widely available economic information such as rates for inflation, interest and unemployment; and
  3. Changes in law, regulation and taxation.


The only exception to this would be in the event of a change in:

  1. Law, regulation, taxation ; and/or
  2. recommendation of an Ombudsman


which We need to implement prior to the review.

Any review will not be directly affected by whether You have made a claim or not.