Income Protection
Income Protection
Uncertainty is a part of life. No one knows what the future holds for them. Among numerous unpredictable situations, one of the worst nightmares is loss of income. During such an unfortunate circumstance, income protection insurance comes to one’s rescue. It offers financial compensation when unanticipated events occur.
- It protects your earnings in case of loss of job due to injury or illness
- Helps your dependents repay your debts and liabilities
- It also helps in maintaining your quality of life
- It combats the effects of inflation
- Receive tax benefits on benefits received and premium paid
Income Protection Insurance for Individuals
The significance of income protection plans can never be overlooked, especially if your family depends on your earnings. It secures your loved ones financially should an unfortunate event occur. Features of Income Protection Plan:
- You receive a guaranteed payout at the end of the policy term
- Get the flexibility to choose how long you want to pay
- Choose the benefit as lumpsum or monthly benefit
