The reviewable income protection insurance is another variation of the standard fixed premium income protection insurance. Basically, the policies governing this type of variation are the same policies that govern the standard fixed premium income protection insurance, Australia. However, premiums will have to be reviewed every given number of years for reviewable income protection insurance holders.

There is generally an invariable increase in premiums after each review which occurs every after a given number of years. This invariable increase is dependent on general rates of premiums for that year. Most reviewable premiums start off as cheap until it gets reviewed. Premiums will then start to go up every year, every 3 years or every 5 years or so. The review takes into account your changing circumstances. Whatever the case may be, one thing remains to be true. In reviewable income protection insurance, the insurer has every right to alter the monthly premiums in a span of time. Changing circumstances include factors like increase in age, average claims for such age group, risks and other factors that may affect premiums like the economy. It is therefore very important to compare income protection insurances.