Why has my premium gone up when my cover hasn't?
It depends on how your premium is set. Guaranteed premiums should not change unless you change your cover. Reviewable premiums can be reassessed by the insurer at set times. Some policies have premiums that rise with age. If your cover is index-linked, both cover and premium may rise. Your insurer should explain the reason.
Check your documents
Your policy schedule shows whether premiums are guaranteed, reviewable or age-related, and whether indexation applies.
Ask for an explanation
If the letter is unclear, contact the insurer and ask what has changed and why.
Your options
You may be able to reduce cover or decline an indexation increase to manage the cost.
This article is general information about UK protection insurance, not personalised financial advice. Policy terms vary between insurers and products, so always check your own policy documents.
Last updated 27 October 2026