Personal Income Protection
Protecting your ability to earn a future income
Why do I need it?
Injury or illness can occur suddenly and affect your income for an unpredictable amount of time. You will need to cover your living expenses to maintain your lifestyle during the period of disability or impairment.
Impairment is defined as a permanent loss of function in any part of the body whether it is physical, functional or mental. You are awarded an impairment claim based on the medical severity of the impariment you suffer and not whether you can work or not.
How long will I be covered?
You will receive up to 24 monthly payments, but your cover can last until your chosen cover cease age.
The age at which your cover ends.
What does it cover?
Up to 100% of your income can be covered should you be unable to perform your job or are diagnosed with a permanent impairment.
Impairment is defined as a permanent loss of function in any part of the body whether it is physical, functional or mental. You are awarded an impairment claim based on the medical severity of the impariment you suffer and not whether you can work or not.
How many times can I claim?
Multiple claims are possible, provided the maximum payments have not already been paid; or that the disability or impairment. claim is totally unrelated to a previously paid claim.
Impairment is defined as a permanent loss of function in any part of the body whether it is physical, functional or mental. You are awarded an impairment claim based on the medical severity of the impariment you suffer and not whether you can work or not.
Is there a minimum period I will be paid for?
You are guaranteed payment for a minimum period of time for specific short term injuries and hospitalisation events. These defined claims will only be available if your waiting period is one month or less.
In addition…
Professionals get added benefits. Click here to find out more about these.
Click here to download detailed information about Absolute Income Protector.
Assessment of your future income
You can review your Absolute Income Protector and Extended Absolute Income Protector sum assured after each policy anniversary to ensure your cover keeps up with your actual annual salary increase.