Premiums are based on the level of cover you select and on your age, gender and smoking habits, and are sometimes referred to as 'standard rates'.
For some people who smoke, have health issues, work in dangerous occupations or have hazardous hobbies, then the premium may be higher.
Will my premiums increase?
For anyone below age 40, the premiums will not increase until the first policy anniversary after your 40th birthday.
For anyone over age 40, on the anniversary of your policy, your premiums will generally increase with age, which reflects the increased risk of a claim.
Should you develop a health issue after taking out the policy, your premiums are not affected (though the premium may be higher for any increases in cover you choose to make).
Does smoking affect my premium?
Yes, smokers' premiums are higher than those of non-smokers. On the plus side, if you have not smoked for more than 12 months, you can qualify as a non-smoker - you will need to contact us so we can change your premium.
Does smoking include use of a vapouriser or e-cigarette?
If you have used a vapouriser or e-cigarette within the last 12 months, you are considered a smoker for the purposes of this insurance cover.
When will I make my first premium payment?
Your first premium will be payable after your application has been assessed and accepted. If you do not proceed with your application then you won't have to pay any premiums.
What are my payment options?
The most common and easiest payment option is direct debit, and this can be set up online. However, you can also pay by internet banking.
What happens if I change my mind after signing up?
If you decide you don't want to continue with your policy, you can cancel within 30 days and receive a full refund of your premiums. This is known as the 'free look period'.
You can also cancel your policy at any time after the first 30 days, however, your premium payments are not refundable.
