Income Protection Insurance - Benefit levels and illness exclusions

• Home
• Credit Cards
• Loans
• Investments
• Life Insurance
• Mortgages
• Insurance

Benefit levels and illness exclusions

Click Here

to get an instant quote >>

An income protection policy aims to provide sufficient income to replace any earnings lost as a result of sickness or injury and without reducing your financial incentive to return to work.

All policies set a maximum income insurance benefit limit, which basically means the maximum level you are allowed to insure of between 50% and 60% of your gross salary (before tax), plus state benefits. Successful claims are paid out by the insurance policy as a tax-free income.

Illness exclusions

There are some illnesses that an income insurance policy will not cover. These include:

• Aids
• Self-inflicted injury
• Illness as a result of drug or alcohol abuse
• Illness as a result of criminal activity or an act of war
• Pregnancy
• Childbirth, or associated complications

Company support	Payment Protection Insurance
Income protection insurance suitability?	What is defined as long-term sickness?
How does it work?	Purchasing an income protection policy
Premium costs	Checking the small print
Benefit levels & illness exclusions