How does changing my cover affect my existing cover?

If your needs change, you can review your cover and make changes to your policy whenever you like. By default, we automatically rerate your policy every January. You can also choose to keep your cover level by request.

Please contact us to make any changes to your existing cover.

Decreasing cover

You can decrease your cover for any products any time, effective immediately. This will decrease your premium. (Remember, you can also skip premiums if money is tight.)

Increasing cover

You can increase your cover at any point with no questions asked up to 10% a year IF you answered all the underwriting questions in the previous 2 years. After that, we might ask for additional information – for example, we might ask for proof of increased salary if you want to increase your Income Protection, or we might need you to complete the underwriting questions again. Increasing cover will, of course, increase your premiums.

When increasing Funeral Cover, the extra cover amount will only double after 3 years. So, let’s say in 2021 you take out R20,000 and in 2022 you increase that to R35,000. The original R20,000 will double in 2024 but the extra R15,000 will only double in 2025. 

Adding new products 

You can add different types of cover at any time. We might ask you to answer the underwriting questions again or for supporting documents. If you add cover, or add new types of cover, that will also increase your premiums.

📝NOTE: If you do have to answer underwriting questions, what you tell us will only affect the additional cover that you are buying and not the cover you already had with us. For example, if you want to double your Critical Illness Cover after 3 years and you inform us that you’ve caught a serious disease in that time, it won’t affect your existing cover (only the extra cover that you are adding).

What happens to waiting periods?

New waiting periods will apply to any additional cover, additional benefits and any additional family members you add to your policy. For example, if you increase your cover from R25,000 to R40,000, the extra R15,000 is subject to new waiting periods. Each family member you add is also subject to their own waiting periods.