Yes, as with most insurance policies, the premium is likely to increase each year. The premium amount will be reviewed every year and policyholders will be notified in advance of any increases which will be made effective on 1 January of each year. The policy terms and conditions are also reviewed annually and changes are effective from 1 January every year.
Will my premium increase each year?
These may also be helpful
- Which insurer underwrites the Liberty Gap Cover policies?
- My child had a high fever and was vomiting so I rushed him to the hospital emergency unit as it was after hours. Will Liberty Gap cover this and reimburse me for the fees that I had to pay?
- Should I wish to cancel the policy, how would I go about doing so?
- What does Liberty Universal Gap cover?
- When will premium payments commence?
- My 3 month old son is going for a circumcision and the doctor does not charge medical scheme rates. Will Liberty Gap cover the shortfall?
- Why can we not automatically adjust the policy premium for a member on the single premium rate for under the age of 55, when they get dependants?
- My medical scheme cover started last month. Can I backdate my Liberty Gap Cover to coincide with my medical scheme cover start date?
- What waiting periods apply to Liberty Gap Cover?
- What documentation is required to replace your existing Gap policy with Liberty Medical Gap Cover?