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How will a client’s premium be effected by index-linked benefit increases?

How will a client’s premium be effected by index-linked benefit increases?

About The Author


Rob Harvey supports Protection Guru in it’s detailed research & benchmarking of protection products and features. He works alongside the team in helping drive product innovation and improvements with insurers and engages with adviser firms in ensuring they have the right tools & resources at their disposal to deliver the best protection advise. Prior to joining Protection Guru Rob spent 9 years at protection specialists Drewberry, where he worked as an adviser, learning & development manager and finally head of health & protection. In his spare time and when not out enjoying the pubs & bars of Brighton, Rob collects vintage clothing, is an historic motor racing enthusiast and avid country walker.

1 Comment

  1. Warren Robins

    Hi Rob,
    Good article but there is an error in the table showing how indexation increases are applied, for Cirencester FS. The information is correct for their age costed premiums but for the guaranteed level premium option, the annual increases are greater than CPI, as they are applied based on age, so get more expensive over time compared to just CPI.
    I was told on a Cirencester FS stand by to of their sales force that it was CPI only, so I asked them to check, as this disagreed with their literature and they later confirmed it is CPI amount rated by increasing age, so a higher figure
    My primary product is income protection, so I’m a real nerd on indexation.
    Also worth mentioning, Vitality round up the RPI figure they increase cover by, to the nearest 0.25%, so if RPI is 2.1%, cover increases by 2.25%, which I don’t think was mentioned.


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