Low Start Income Protection

Low-start income protection premiums start lower and increase each year with age. The insurance cover is designed for those who want to help protect against a loss of income, if unable to work due to incapacity caused by illness or injury, while covered by the plan.

Low Start Income Protection

Just like the Income Protection Benefit if you are unable to work due to incapacity caused by illness or injury, this insurance product helps to protect against a loss of income, while covered by the plan.With the Low Start Income Protection however, the premiums you pay start lower and increase each year with age.

What options are available?

You can choose the type of cover for your policy based on your needs. There are three options to choose from.

  • Increasing Income Protection Benefit

This helps protect the monthly benefit against changes in inflation.

  • Low Cost option

This helps to reduce the cost of the plan, and includes the option that the benefit can be paid out for one or two years for each individual claim .

  • Stepped Benefit

This provides two deferred periods, and two different monthly benefits, all within one plan.

It is worth noting that Income Protection Benefit is not a savings or investment product and has no cash value unless a valid claim is made. This product does not include unemployment cover and therefore will not pay out if you become unemployed. The monthly benefit from this plan may affect your claim to benefits paid out under other income protection plans.

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