[Skip to content]

Private Healthcare UK
Search our Site

This website is certified by Health On the Net Foundation. Click to verify.
This site complies with the HONcode standard for trustworthy health information:
verify here.


Insurers need to re-think age expiry dates of policies

The Queen

Queen’s Speech – Pensions and Savings Bill


“The timetable for increasing the state pension age will be reviewed.”


Under current legislation, the state pension age is due to increase to 66 between 2024 and 2026 followed by two further increases at ten-year intervals. The review will re-examine this timetable and make recommendations.


The purpose of the bill:

To implement the findings of the review of the current timetable for increasing the state pension age, if the review finds that the existing timetable is no longer appropriate.


The main benefits:

To help ensure the future affordability of the state pension, including the restoration of the link between earnings and the basic state pension. 


The main elements:

Depending on the outcome of the review, the bill will amend existing legislation to implement a revised timetable for increasing the state pension age.


Existing legislation:

  • Pensions Act 2007 sets out the current timetable for increasing the State Pension age from 65 to 68 in three stages.

  • Pensions Act 1995 sets out the timetable for increasing women’s State Pension age from 60 to 65 between April 2010 and April 2020.


Effect on insurance:

Insurers of critical illness, life and income protection policies will have to reconsider age limits of entry and age limits as to when cover ceases.

Health insurance: News update: 29 May 2010