Income protection insurance pays you a regular income. If you cannot work because of sickness or disability and continues until you return to your paid work or you retire. The amount of income you are allowed to claim will not replace the amount of money you were earning before. You can expect to receive about half to two to third periods of your earnings before tax from your normal job.
- You cannot claim income protection insurance in a straight way If you fall ill or become disabled.
- In this insurance have to wait usually two to four weeks but payments can start up to two years after you stop work.