Can I opt out of this year's indexation increase?
Many indexed policies allow an increase to be declined, but the consequences and whether repeated declines affect future indexation rights vary by insurer and policy. Check the insurer notice before opting out.
Can I stop the annual increase?
Many indexed policies allow an increase to be declined, but the effect on future increase options varies by insurer. Declining may reduce the policy's ability to keep pace with rising costs.
I can't afford this year's indexation increase.
If the policy allows the increase to be declined, that may preserve existing cover while avoiding the new increase, but future indexation rights can be affected. Check the policy-specific consequences.
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