Dispel darkness in your future life. How? You may face a lot of inevitable situations in future such as an accident, unemployment or sickness. This may confine you to being at home for long as you may be bed ridden and are incapable of carrying out your normal house hold or office chores.
Find out how you can avert any financial calamity from occurring in future? You may be bedridden due to an accident at workplace or road, you may be struck by an epidemic disease, may suffer from some chronic heart or kidney problems and are unable to go to work for a short period of time. There are chances of facing an unemployment situation too, hang on, there is a solution to all these. To allay your financial fears about disrupted flow of monthly earnings there is an income protection insurance.
Take your informed decision on income protection plan. With this, you will be compensated each month regardless of unemployment, sickness, accident or redundancy. You must be an employed person to be able to qualify for this cover. A self employed cannot apply for this kind of cover. While applying for this policy, you must have been in employment with the same organisation for at least six months time. No contract employees will be covered under such insurance policies. Read the terms and conditions of this policy before you make your investments. In case, you are made to believe that it will cover you, for self employment and contract employment, then it is a clear case of mis-selling of the policy. Incase, you have been a victim of this, you have the right to claim for suitable compensation. Your insurance premiums must be paid back to you as it was taken illegally.
It is indispensable to understand the policy and compare its features with other policies before actually investing in it.
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