They never explained the price increase was so high from year to year, feels like a scam now.
Reply MiWayLife.co.za:
Good day Lihle,
Thank you for the review. The cover amount increases yearly by 5% from your first policy anniversary date. Premium increases will depend on the increases to the cover amount and the insured life’s age at each policy anniversary. Your premiums will not increase by more than the amounts specified in the annexure provided in your policy documents. Thank you for taking our call.
Kind regards
MiWayLife Team