What is indexation or cpi?
Indexation is a way of keeping your amount of cover relevant to the cost of living. It is usually linked to the consumer price index (CPI).
Indexation is a key feature of your policy, remember that when on claim, e.g. for income protection, you will be thankful for the indexation increases in the cover each year. Or if you have been diagnosed with a critical illness, your life and other cover sums insured will still increase each year by the indexation rate.
