CPI, it's simple, right?

Maybe not if you're in the financial planning space, but that's not my area of expertise so I'm ignoring the much larger picture in that direction.

I'm talking about CPI with respect to life insurance and, more specifically, income protection claims.

Sure, the simple answer is to tick the box for CPI increases on the policy anniversary and tick the box for CPI increases on claims for disability benefits.

My dive into the weeds here is from looking at the anniversary schedule for a large-sum client on a claim with Asteron Life and scratching my head on why their lumpsum benefits had CPI increases but their disability cover did not.