You can increase the monthly sum insured if your income goes up, by up to 10 per cent each policy year, on top of increases because of inflation. All increases under this benefit can't be more than two times your original monthly Income Cover sum insured. You must be under 55 years old and apply for the Increasing Income Benefit within 90 days of your income increasing or within 60 days of the policy anniversary date immediately after your income increased.
Why it's important
Allows you to keep your insurance in line with your increased income, without providing any further evidence of your health.