What is income protection insurance?

Also known as 'Permanent Health Insurance' or PHI, this it provides cover for your income/earnings against prolonged periods of sickness and thus, the inability to work. The term of the plan can vary to individual preference, but usually runs to the insured persons preferred retirement age. You can claim on it more than once, i.e. 10 years apart, providing the premiums are up-to-date. ... more

Put simply, income protection insurance aims to protect your income in the event that you can’t work due to illness or injury. ... more

Also known as Permanent Health Insurance (PHI), income protection insurance is designed to pay regular benefits if you suffer an illness or accident leading to loss of earnings. ... more