Income Protection.
What is Income Protection?
Secure your income. Support your lifestyle.
The policy pays a monthly, tax-free income while you recover, enabling you to cover essential costs rather than relying entirely on savings or state support.
Why Consider Income Protection?
An income protection policy steps in to help you maintain financial stability while you focus on recovery.
How Does Income Protection Work?
Choose Your Cover
Select how much monthly benefit you’d want in the event you cannot work.
Select a Deferred Period
This is the time you must be unable to work before the payments begin.
Monthly Premiums
You pay a monthly premium for the duration of your policy.
Make a Claim
If you are unable to work due to injury or illness and the waiting period has elapsed, your monthly benefit will be paid.
Return to Work/Payment Term Ends
The policy can continue for the term you chose or until you return to work, whichever happens first.
Safeguard your salary, start in minutes.
Flexible cover, designed around you.
Key Benefits of Income Protection
Let’s have a quick look
- EProvides peace of mind that your income is safeguarded if you can’t work.
- EAllows you to protect your lifestyle, keep up with essential outgoings, and focus on recovering.
- EFlexible options to align with your job status, income level, and waiting period preference.
- EFor some providers, additional support services (e.g., rehabilitation, physiotherapy, wellness programmes) may be included.
Factors That Affect the Cost of Income Protection
Your Age
Generally, the younger you are when you take out cover, the lower your premiums are likely to be. As age increases, so does the likelihood of illness or injury, which can raise the cost of protection.
Your Occupation & Income
Some jobs carry more risk of injury or illness than others. Insurers assess your occupation type and level of income to determine both the cost and the maximum monthly benefit you can receive.
Whether You Smoke
Smoking and tobacco use are linked to higher health risks, which typically result in increased premiums. Non-smokers generally benefit from lower costs.
Your Medical & Family History
Your own health background, along with any hereditary conditions within your family, can influence your premium. Pre-existing medical conditions or a higher risk of certain illnesses may increase the cost of cover.
Your Choice of Deferred Period
The deferred period is how long you must be unable to work before payments begin, the longer this waiting time, the lower your premium. The benefit payment period (how long payments continue) also affects cost: longer terms usually mean higher premiums.
Not what you’re looking for?
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Critical Illness
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Private Medical
Private medical insurance gives you quicker access to high-quality healthcare, with choice over specialists, hospitals, and treatment dates. Get peace of mind knowing you can receive prompt medical attention when you need it most, helping you get back to living life well.