Our Income & payment protection coverage
Our flexible Income Protection and Payment Protection Insurance solutions support underserved segments like affinity groups, account rounding, and group memberships. With adaptable structures and value-added features, you can offer coverage that fits where others can’t - opening doors to new business and deepening client relationships.
Coverage for salary loss plus essential bills, mortgages, and credit commitments during unemployment, illness, or hospitalisation periods.
Income Protection
Income Protection covers the loss of salary for a defined period of cover due to unemployment or bankruptcy of the individual.
- Hospital cash
- Waiver of premium
- Relapse benefit
- Rehabilitation benefit
- Occupation change
Payment Protection (Bill protection)
Payment protection insurance provides cover for utility and other bill payment commitments, for example monthly mortgage and min payment credit card financial commitments, of the policyholder following an Involuntary Unemployment claim.
Payment protection covers the inability of the policyholder to pay contractual payments due to:
- Unemployment
- Illness
- Critical illness
- Death
- Hospitalisation
