What is income protection?
In simple words: it was designed to provide a stable income if you are unable to work due to sickness or accident. The amount of the sum insured is determined by the amount of the insured person's remuneration, profession, age and health condition. Income protection can cover up to 75% of lost gross remuneration and is paid until you return to work, or until a certain age (usually between 55 and 65 years). The paid benefit is taxable and are treated as income, however, in return you could be eligible for tax relief on policy premiums.
This type of insurance is especially recommended for people running a business (self-employed or business owners) and people who are the only providers in the family.
The attached files contain important documents, please read them. You can receive more information about variants and pricing by requesting a call back, one of our advisors will contact you ASAP. We also encourage you to read the section of the Guides.
The information contained herein is general guidance and although prepared with particular care, RightOne Ltd assumes no responsibility for any inaccuracies or exclusions. The document serves only illustrative purposes and does not formulate the terms of the contract or any part of it. The customer should refer to the terms of the policy in order to make a final decision. Information contained in this document to the best of our knowledge. Valid as of September 10, 2018.