Indexation (or to Index Link a policy) gives you the option to increase the amount of cover you have on an annual basis, to help combat the effects of inflation. The premium will also increase each year, to reflect the increase in policy benefit.

Each provider increases the sum assured and premium in slightly different ways, which is detailed in the Key Features Document for the policy.

Indexation is not available for Decreasing Term Life Assurance policies.

Was this answer helpful?

1 other person found this answer helpful

Ask us a question