What is income protection?
Income Protection is a type of insurance that provides a monthly benefit of up to 70% of your regular income if you cannot work due to sickness or an accident. This monthly benefit is paid after the waiting period until you no longer meet the claim eligibility criteria or reach the maximum benefit period specified in your policy.
Income Protection aims to help cover your financial needs during periods when you cannot earn your usual income due to an accident or illness. It typically only covers your personal exertion income, which you earn directly through work.
