redundancy insurance

[AIDAN MORONE]

hi,five months ago i was a little bit unsure of what way my job was going so i set up a policy to cover me for my mortgage and a liitle bit of extra cash in case i was laid off from my job.i needed to be in the scheme for 120 days before they would pay out.glad to say that i am now in a new more stable job but i decided to keep paying this policy every month which roughly costs about 100 euro.last week i received a letter saying that the policy was going up by another 50 euro due to the fact that the provider has had to pay out more than expected with some other policies and they need to cover these costs.could someone tell me if an insurance company can issue a letter demanding extra money even though i have accepted the original quote.

 

[rustbucket]

not so sure about that. can you check your policy terms and conditions?

 

[tenchi-fan]

Hi
There are different types of life insurance policies that cover redundancy. Some are guaranteed that the premium won't change and some aren't. Looks like yours isn't guaranteed. Read the T&Cs of your policy.