Changes to cash back cover premiums
Cash Back Cover is part of our Recover Cover range of recovery and life insurance products. We’re always looking for ways to provide great value life insurance for all our members. From time to time, we adjust our premiums so we can keep delivering the Uncommon Care we’re known for.
From 15 June 2021, the premium for Cash Back Cover will change. The new premium applicable for each payment frequency is outlined in the below table.
NEW CASH BACK COVER PREMIUMS
|Cash Back Cover Single Policy - Current Premiums||$2.00||$4.00||$8.65||$26.00||$48.00||$96.00|
|Cash Back Cover Single Policy - Premiums applicable from 15 June 2021||$2.50||$5.00||$10.80||$32.50||$60.00||$120.00|
|Cash Back Cover Family Policy - Current Premiums||$4.00||$8.00||$17.30||$52.00||$96.00||$192.00|
|Cash Back Cover Family Policy - Premiums applicable from 15 June 2021||$5.00||$10.00||$21.65||$65.00||$120.00||$240.00|
If your Cash Back Cover policy start date is before 15 June 2021, the premium increase for those policies will apply at the next policy anniversary date from 15 June 2021. For example, if your Cash Back Cover policy start date is 7 May 2021, your premium will change from 7 May 2022. But if your policy start date is 25 June 2019, your premium will change from 25 June 2021.
Cash Back Cover policies purchased from 15 June 2021 onwards will have the new premium applied from the outset.