Cover may be increased to the maximum amount that you qualify for at any time once the policy has been issued. Further medical underwriting and an HIV test may be required. Your premium will be adjusted according to the new sum assured that has been requested and the additional cover will start on receipt of the new premium.
On 1Life's disability insurance, the amount of cover may be increased by 25% of the original insured amount, up to a maximum of 2 times (double) the amount originally insured or up to the 1Life maximum insurable amount at the time – whichever is the lower. This is without the need for any further medical underwriting, other than providing a new negative HIV test for the life assured.
This benefit option may only be exercised every three years on the anniversary date of the policy or after a significant event has occurred as described below:
- The marriage of the life assured
- A child being born to or legally adopted by the life assured
- The life assureds' purchase of a home
- The life assured entering into a business or taking an increased interest in an existing business