Income protection is a type of insurance that provides financial support to individuals when they are unable to work due to illness, injury, or disability. It ensures a regular income replacement, typically a percentage of the insured person's salary, during the period they are unable to work.
The benefit payments usually start after a deferred period, which can be chosen by you when purchasing the policy. This coverage helps people maintain their financial stability and meet their essential expenses during challenging times.
Disclaimer:
As with all insurance policies, conditions and exclusions will apply. The cost of this insurance depends on several factors, such as your age, where you live, and your occupation. As a result, the cost you will pay is based on your own circumstances.
Income Protection
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