Sickness and Unemployment

Provide for yourself in the event of ill-health or unemployment

Income Protection (IP)

Income Protection (IP) is also known as Permanent Health Insurance (PHI).

Income Protection policies are individual plans designed to pay out a tax free benefit to replace employed or self employed income which has ceased due to inability to work as a result of illness, injury or disability.

There is no payout in the event of unemployment or redundancy.

If you require a payout in the event of unemployment or redundancy please see Mortgage Payment Protection Insurance.

Mortgage Payment Protection Insurance (MPPI)

Mortgage Payment Protection Insurance (MPPI) is also known as Accident, Sickness & Unemployment insurance (ASU).

Mortgage Payment Protection Insurance policies are designed to provide a monthly payout to cover mortgage and mortgage related expenditure in the event of accident sickness and/or unemployment. MPPI is not designed to replace income.

If you require a payout to replace income lost due incapacity see Income Protection.

MPPI will not provide a lump sum payout in the event of death or critical illness.

If you require a payout on death and/or critical illness see Life Insurance.