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How to structure your policy? Stepped & Level premiums

Just as you choose the type and level of cover that’s right for you, you can also decide how you’d like your premiums to be calculated. Qantas Insurance gives you the choice of Stepped Premiums or Level Premiums.

  • Stepped Premiums generally start out less expensive but increase as you age, and are a good option if you want to pay less to begin with and then more as your income grows.
  • Level Premiums generally start higher but do not increase each year with your age. Level premiums can increase through general premium rate rises and through Inflation Protection.

Unfortunately, your insurance risk increases as you age – so at the Policy Anniversary after age 64, your Level Premiums will change to Stepped Premiums.

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