INCOME PROTECTION (monthly nett salary)

Income Protection covers you and your family if you lose your income due to permanent or temporary disability or illness, by paying you a monthly income that allows you to maintain your standard of living.

Most people need to cover around 85% of their net income in case they become disabled.

The waiting period varies from 7 days up to 12 months depending on your nominated occupation as well as your existing company income protection benefits if any.
 

THE DIFFERENCE BETWEEN INCOME PROCTECTION AND LIFE INSURANCE

Both types of cover are ideally incorporated in your financial planning to provide comprehensive financial security for you and your loved ones.