What is the buy back life cover option?

Published 18/03/2016 11.57 AM   |    Updated 07/06/2017 09.09 AM

When you start your policy you can include the buy back life cover option. This option can only be included in your policy if there is one person insured, it’s not available if there are two people insured.

To include this option you will need to pay an additional premium. The buy back life cover option means you will be able to take out a new Life Protection policy, after we have paid a claim for a full payment condition, without having to supply additional medical information at that time. You can only do this 12 months after the date you were diagnosed with a critical illness, or the date you had the operation.

You have to choose to include this option when you apply for your policy, it can’t be added at a later date. There are some limits that apply to this option, and more details can be found in Section B2 of the Policy Conditions.

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