Renewal health check: plan the weeks before your benefits renewal

How the timeline is worked out

The timeline counts back from your renewal date. The review starts three months before it, renewal terms are expected six to eight weeks before it, and the decision is confirmed in the final week, so that nothing renews unexamined. Those are the pre-renewal steps we work to.

Some dates belong to your insurer, not to a rule of thumb: when the terms are issued, how long they stay open and what happens if nothing is confirmed by the renewal date. Where a date depends on the insurer, the timeline gives you the question to ask instead of a number.

What a review looks at

For each cover you tick, the check lists what a renewal review looks at, taken from the benefit guides. A renewal comparison is only useful on the same terms: an increase alongside a change in cover is a different thing from an increase on identical terms. The questions to ask when the price has gone up are on your renewal has gone up.

What this check does not tell you

It cannot tell you whether a renewal price is reasonable, what the next premium will be, or whether to change cover or insurer. That depends on your claims experience, your workforce, your terms and the product, and none of those is visible from here. Any premium you enter is shown back as an annual amount so the review starts from the same figures. It is not compared with anything.

If your covers renew on different dates, run the check once for each date.