Keep your insurance in step with life’s milestones with Special Event Increases

To keep your insurance in line with these changes, many policies offer Special Event Increases. This feature allows you to boost your cover when major life events occur, often without the need for additional health checks. Here’s how they work, when you can use them, and key things to consider if you’re thinking about increasing your cover. 

What is a special event increase?  

A Special Event Increase lets you increase your life, trauma, or income protection insurance after a significant life event, without needing to reapply or undergo new medical assessments. This ensures your policy keeps pace with your evolving financial commitments. 

For example, if you purchase a new home, you can use a Special Event Increase to adjust your cover in line with your increased mortgage, helping protect your loved ones from unexpected financial strain. 

When can you use special event increases?  

You may be eligible to increase your cover after life events such as: 

• Getting married or entering a civil union
• Having or adopting a child
• Buying a new home or increasing your mortgage
• Getting a major pay rise or promotion
• Starting or expanding your business

Eligibility criteria vary between insurers, so it’s important to speak with your Enva adviser to confirm what’s covered.

Why consider a special events increase? 

The benefits of this feature, include: 

• No additional health checks: Your cover can increase without health reassessments, so any changes in your health won’t affect your ability to secure more cover.
• Quick and hassle-free adjustments: You can update your policy without a lengthy application or underwriting process.

Things to keep in mind

Before requesting a Special Event Increase, consider:

• Limits on increases: Policies may restrict how often you can use this option or cap the percentage you can add.
• Time-sensitive requests: Many insurers require you to apply within a specific timeframe (e.g., within 90 days of the event), so act quickly to secure your increase.

Keeping your cover up to date

Life moves fast, and your insurance should keep up. If you’ve recently experienced a major life event or anticipate one soon, a Special Event Increase could help ensure you and your loved ones remain protected.

Want to explore your options? Get in touch with an Enva adviser today.