Asteron Life has made changes to premiums effective 21 September 2020. The premium increases will only impact customers on a stepped premium. Depending on customer segments, increases will be between 0% – 6%. Please refer to the table below. These changes are now live on Quotemonster.
The changes will apply for existing customers from their next policy anniversary on or after 21 October.
“These increases are in response to higher than expected claim costs observed in our most recent claims experience review. Based on this, we have adjusted our long-term claims outlook and updated premiums to ensure that our business will remain sustainable to support our customers both now and in the future. We perform regular reviews to keep any increases small, and as manageable as possible for customers.”
