Income Protection Insurance South Africa

Myriad complete income protector benefit will pay up to 100 of your income for up to 24 months depending on the cover period you choose or until you recover.

Income protection insurance south africa. Imagine you re stuck in hospital for six months or you re recovering from major surgery and can t work. You decide the extent of coverage based on your stage of life and likely risks you ll face. If you re permanently unable to work we will pay up to 100 of your net income until you retire. Income protection cover can help you to do that.

Payment options conveniently charged to your rcs card or pay via debit order. Sanlam s income protection cover offers maximum choice and flexibility at attractive rates. You can combine life insurance disability severe illness and income protection with additional offerings such as accident cover. South africans are over optimistic and underinsured people therefore generally put off income protection south africa uptake for future.

Income protection insurance would ensure you still get regular payments so you can keep up with everyday expenses without getting into unnecessary debt. Investec life s temporary income topup cover is designed to enhance your income protection cover benefit. Death r5 000 per month for 6 months to the insured s nominated beneficiary as a lumpsum. The income protector allows you to add more types of income cover as your needs change such as having a family.

Rate r49 per month. However according to the insurance gap study the situation is very critical therefore people of all ages and occupations require to have appropriate protection. Hospital daily benefit r400 for each consecutive 24 hour period directly to the insured up to a maximum of 30 days per calendar year. Income protection under the comprehensive lifestyle protector is known as income protector.