I too took our MPP last Sept researched well and found British Insurance to be the best policy for me in the unfortunate event I could lose my job in the future. Its May and I've had 3 premium raises from £25 to the next one in June £81.00. The new administrators are now Adminicle. I have written a letter to both companies at my outrage that they could entice with a low premium and then hike up as much as they can and during the economic downturn I feel taken advantage of.

I have received two letter from both companies about my complaint and they are going to look into.I don't hold out much hope they informed me that increases are inevitable and the T & C state this. There was outrage by policyholders at the last increase as a result they refunded 2 months premieum and interest THEN send a revised T & C!

I have already taken a print out and filled in my form to the Financial Ombudsman in readiness in the hope that I have a satisfactory conclusion. Failing that I shall be cancelling my DD from June. Better a £1000 in MY pocket than theirs for something that or may or may not happen. I wanted peace of mind in these uncertain times. I suggest to all those who have policies send a letter of complaint in the strongest terms. If enough complain they can't ignore it.

As usual ALWAYS read the small print this is where they think they can get away with it. Other Insurance companies with this type of policy are unforutnately following suit.

I suggest you save this money somewhere else where YOU can get your hands on it when its needed.

Good luck and lets keep everyone posted.

NB