If an insurer removes an Age-Based Discount from a product, can they reintroduce the discount to the product at a later date?

Yes. The provision of Age-Based Discounted products by insurers will be voluntary.

If an insurer has removed an Age-Based Discount from a product, and subsequently chooses to reintroduce a discount on that product, the discount assessment date will be recalculated.

In other words, a discounted status held when the product was previously offering discounts is not preserved over the period in which the product did not offer Age-Based Discounts.