Income protection insurance

How much do you get each month?

We'll pay from £500 to £1,500 a month, subject to eligibility, tax-free, on each successful claim, for up to 12 months. The money could go towards helping you maintain your standard of living and supporting your loved ones.

How long does the policy last?

You pay fixed monthly premiums for the number of years you want your policy to last, from 5 to 52 years, or until you're 71.

What’s a deferred period?

It’s the time between the first day you’re unable to work and when you get your first payment. When you buy your policy, you can choose 4, 8, 13 or 26 consecutive weeks as your deferred period.

The longer your deferred period is, the cheaper your premium will usually be, but the longer you’ll have to wait until we start paying your benefit. Everyone’s personal circumstances are different and when you’re considering what deferred period would most suit your needs, consider how long you could manage financially if your income stopped or reduced if you're unable to work due to illness or injury.

Do you need Living Costs Protection?

Consider how you’d cover your usual monthly costs if you were ill or injured and couldn’t work for a while. Would you be able to carry on paying the bills using statutory sick pay or your savings? If not, it's worth thinking about. Our Living Costs Protection supports you financially if you’re unable to work because of injury or illness. It doesn't cover you if you're unemployed or made redundant. When deciding if you need Living Costs Protection, you should consider your savings, how long your employer will continue to pay you, and what state benefits you may get after any employer payments stop.

• Monthly payment
  To help cover some of your lost earnings for up to 12 months following the deferred period. If you’ve returned to work for at least 16 hours a week for at least six months in a row, you can make another claim if you're unable to work due to illness or injury
• Fixed premiums
  Monthly payments that stay the same for the term of your policy, unless you make changes
• Choose how much benefit you get
  From £500 to £1,500 a month, subject to availability. The amount you choose will stay the same throughout the term of your policy. So, when choosing your benefit, think about the effects of inflation. Inflation could mean what you can buy with that amount may be less, due to prices rising over time
• Choose how long your policy lasts
  From five to 52 years, or until you’re 71
• Choose your deferred period
  This is how long until you get your first payment after a successful claim, which can be 4, 8, 13 or 26 weeks

• Comprehensive claims service
  With rehabilitation support to help you return to work
• Back to work benefit
  One month’s benefit when you return to work if your illness or injury means you earn less than you did before. This isn't applicable if you have already received 12 benefit payments
• Life change benefit
  If your policy is accepted on standard terms there's the option to increase your cover amount if your mortgage or rental payments go up
• Waiver of premium
  If you make a successful claim, we'll start paying your premiums for you after 13 weeks, or from the end of your deferred period, whichever is sooner; you'll need to continue paying your premiums until that time. Once your claim ends, you'll need to start paying your own premiums again

To apply for this cover directly with us, you need to:

• Be aged 18 to 59
  
• Be a permanent resident of the UK
• Work at least 16 hours a week – whether self-employed or as an employee
• Have worked in the UK for the past 12 months
• Be registered with a doctor in the UK for at least two years