When changing the payment frequency of your policy to a shorter term than previously chosen, the change will only take effect from the next payment date onwards.
This is because the last payment made for your policy was enough to cover the previously chosen period.
This is applicable to the following scenario (your current payment frequency à frequency you want to change to)
- Annually > Semi-Annually, Quarterly, Monthly
- Semi-Annually > Quarterly, Monthly
- Quarterly > Monthly
To successfully change to a shorter payment term, simply wait until the next payment is due for your policy.