Protection Insurance - Safeguard your income if illness or injury strikes
Income protection replaces a portion of your income if you are unable to work due to illness or injury, providing long-term financial security for you and your family.
What is Income Protection?
Income protection insurance pays you a regular monthly income if you cannot work due to illness or injury. It is often considered the most important type of protection insurance because it covers you for any condition that prevents you from working — not just a specific list of illnesses.
Key features:
- Regular monthly payments — typically 50-70% of your gross income
- Covers any illness or injury that prevents you from working
- Pays until you return to work, reach retirement age, or the policy ends
- Tax-free payments — your benefit is not subject to income tax
How It Works
- Choose your benefit amount
- Select a deferred period
- Own occupation or suited occupation
- Guaranteed or reviewable premiums
- Index-linked benefit option
- Back-to-work support
Who Needs Income Protection?
Income protection is valuable for anyone who relies on their salary. It is particularly important if you are self-employed, have limited sick pay, or have financial commitments like a mortgage that depend on your continued income.
We help you understand the key decisions — such as choosing between own occupation and suited occupation definitions, selecting the right deferred period, and deciding between guaranteed and reviewable premiums.
- of income covered
- 50-70%
- illness or injury
- Any
- monthly payments
- Tax-free
- protection
- Long-term