illness or injury.
This continues until you return to work or you reach the end of your claim period. It is designed to pay you in monthly instalments once any sick pay you receive through your employer stops.
You can apply for an income protection policy if you are employed or self employed. Your reason for claiming does not have to be work related, you can claim for conditions that keep you off work for a specified period of time. It usually pays out until retirement, death or your return to work, although short-term income protection policies, which last for one, two years or 5 years, are also available at a lower premium.
As long as you maintain payment of premiums you can make multiple claims during the term of the policy.
This plan does not cover you for termination of employment or if you are made redundant.
Income protection insurance is also known as permanent health insurance.
