To ensure your Mortgage Repayment Cover can continue to deliver the same real value to you as when you first purchased it, your Mortgage Repayment Cover sum insured will automatically increase by inflation adjustment each year and so will your premiums. Even your monthly claim payments, if you are receiving any will increase. These increases apply irrespective of any changes to your health after your Mortgage Repayment Cover starts.
You also have an option to set a minimum inflation rate of 5% so even when the inflation rate falls below this level your Mortgage Repayment Cover sum insured will still increase by 5%.
You can choose to decline any increase in any given year without losing the automatic increase in following years, so you really have the best of both worlds – automatic rights to increase with no obligation to do so.