Could you manage financially if you were unable to work and earn an income due to accident or illness?
Some injuries or illnesses may result in temporary or permanent loss of income that cannot be covered by savings and will outlast any sick leave you may have. Income Protection insurance provides illness and accident coverage that pays up to 75% of your gross annual income, while you are unable to work.
You can use Income Protection to cover:
Living expenses
Debts
Education costs
Fuel and utility bills, and
Other essential spending until you are able to return to work