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Policy fee increases

The fixed policy fees on some of our products have increased in line with the Isle of Man Retail Price Index which, as at 30 September 2015, was 2.6%.

This will affect the following products:


  • Protected Lifestyle
  • Protected Lifestyle Lebanon
  • Self Investment Portfolio
  • PIMS
  • IPIMS
  • Private Investment Portfolio
  • Sygnia
  • Quantum (2010) onwards
  • LifePlan
  • LifePlan (Children’s Plan)
  • Paragon

The effect the increases have on policyholders will be dependent on a number of factors including, for example, the year the policy was taken out, fee payment frequency and the currency in which payments are made.


The policy fees will be automatically increased on the policy anniversary and deducted in the normal way. There are no changes to the benefits, features or Terms and Conditions of the policies as a result of the fee change. The policy number and all other details will remain the same.


Background


The Terms and Conditions of these products allow us to increase the fees annually, on the policy anniversary, in line with the Isle of Man Retail Price Index correct as at 30 September of the previous year. This reflects the increase in our costs of administering policies.


Contact us

Isle of Man

+44 (0) 1624 681 682 | Email

Hong Kong

+852 3929 4333 | Email

Malaysia

+60 3 2167 8900 | Email

Dubai

+971 (0) 4 378 2700 | Email

Lebanon

+961 (1) 202 183/4 | Email

Africa

+00 27 (0) 11452 7310 | Email