Income Protection

These Income Protection policies let you be financially stable ‘til you start working again. It is possible to cover a huge part of your income with the help of Mortgage Protection or Income Protection. If you are made jobless, you can use the money that has been insured on the policy and you could receive monthly payments for the next consecutive 12 months for the period you are at home .

You can claim the coverage amount for 12 months but the payments would then cease. Once you get back to work, you must work for 6 months at a stretch to be eligible to make a further claim. With the help of this safety shield you can bear the expenses for your lifestyle and your family as you are waiting to get well again.

If you need to protect your mortgage, you should go for the Mortgage Protection Insurance (MPPI) but please do consider taking out income protection cover.

Home