Can Suncorp cancel my insurance policy?
Your policy can be cancelled if you engage in non-disclosure or fraud or don’t pay your premiums. In respect to the Redundancy Benefit, Suncorp can also elect not to renew your cover at your policy anniversary.
Your Disability Benefit can't be cancelled by the insurer except where there has been an attempt at fraud or where we are allowed by law if you have failed to fully disclose any relevant information when you applied for the insurance (non-disclosure). An insurer may also elect to cancel a policy for non-payment of premium.
As the Redundancy Benefit is classified general insurance, the insurer can choose not to renew your cover at your policy anniversary.