Your Active Life Assurance tile displays your current coverage level, which is calculated as a multiple of your salary. Here's what you need to know about your life assurance coverage and how to modify it.
Coverage Levels
Coverage can be increased up to a maximum as set by your policy
Changes are made in increments of 1x salary
When Can You Change Your Coverage?
You can modify your life assurance coverage during:
Initial Eligibility Window: When first joining the organisation, you can flex up to the maximum coverage level
Annual Renewal Window: During the yearly flex window, you can:
Increase coverage by 1x salary multiple
Maintain current coverage level
Decrease to any lower multiple (down to core level)
Qualifying Life Events: Changes can be made during the year for events such as:
Marriage
Divorce
Birth of a child
Important Note: If you decrease your coverage, future increases will be limited to 1x salary multiple at a time, whether during annual renewal or qualifying life events.