Family Income Protection Insurance
We all work hard to achieve our goals, and along with that, we strive to keep our family financially sound. However, insecurity will dominate you if you think for a second, “what if something happens to me, who will take care of my family?“. If you have a family income protection insurance, maybe you can get rid of this fear and live the moment peacefully. Family income protection insurance is part of our Personal Insurance policies that will help your family from financial troubles by providing a regular monthly income in case an unfortunate event happens to you.
How Family Income Protection Insurance works?
Family income protection insurance works by providing the beneficiaries with a regular income from the time of death of the insured to the end of the policy term. Usually, the income is tax-free, and the amount can be utilized for any purpose. The premiums are usually paid annually or monthly by direct debit. Critical illness plan can also be added to this policy as it would provide a regular income in case of serious illnesses.
Why would you need Family income protection Insurance?
This policy is apt for people with young families who wish to protect against loss of income provided by the parents. Hence, it can provide financial protection until the children become independent. The benefits usually include a death benefit and maturity benefit. The death benefit will be received for the nominee in case of death of the insured person. The nominee will receive a regular income for the benefit pay-out period. In case nothing happens to the policyholder, he/she would be eligible for maturity benefit. The terms of maturity benefit will vary depending upon the insurance provider.
Other Personal insurance policies
Life Insurance
Life Insurance recognizes the value of human life. Although human life is priceless, the policy provides some compensation for family members.
Motor & Car Insurance
Make sure you’re protected when it comes to your automobile by going with a fully comprehensive motor insurance policy or Third Party Liability.
Household Insurance
Protect your life’s priceless items from accidental damage, fire, and theft and insure against losing your building and/or contents.
Pet Insurance
Pet insurance is designed to protect your pet and your finances when the unexpected happens.
Travel Insurance
Travel the world with peace of mind. Click and get your policy in seconds.
Classic Car Insurance
Owning a classic car is a lifelong dream for many car lovers. Make sure your investment is protected.
Medical Insurance
Medical emergencies can happen at any moment. Click and find out more on how to protect yourself.
Disability Insurance
Disability insurance is designed to pay out if a person cannot do work and earn due to a disability.
Mortgage Protection Insurance
It’s the best way to protect your debts as the insurance matches the mortgage balance and is paid out in case of unfortunate events.
Psychiatry Care Insurance
Acquiring Psychiatric Care Coverage can decrease the stress associated with your mental health treatment, providing the security of coverage when you need it the most.
Maternity Insurance
If you are pregnant or trying to get pregnant, maternity insurance is a must-have for both mother and child.
Risk Management For High-Net-Worth Individuals & Families
High-net-worth insurance and risk management is a customized policy type designed to protect clients from risks.