| What doesn't it cover? | | | | paid sick leave and are getting treatment in a hospital |
| Income protection cover does not cover you if you | | | | or are at home, taking rest. Those who are paid by |
| are unemployed. This is for those, who are employed | | | | their employer for their sick leave balance cannot say |
| and are out of employment due to sickness, accident | | | | they are out of employment and make any claim. This |
| and redundancy. It does not cover people who have | | | | will be cross checked by the Insurance company |
| deliberately left their job or voluntarily put down their | | | | before they pay out to you. |
| papers. A payment protection insurance will cover | | | | Never consider it compulsory to get a payment |
| even a self employed person unlike income protection. | | | | protection cover when you take a loan. If your lender |
| In their case, there is no redundancy but only protection | | | | tries to fool you by making it sound compulsory then |
| against payments in case of sickness, accident etc. | | | | he is misselling it. Do not heed to this. It is of course |
| It is to protect those employees whose employer has | | | | expensive to get this cover, take this only if it is really |
| laid them off. There is a financial crisis but you have an | | | | necessary and you are unsure of your future financial |
| income protection policy in place which you can take | | | | status and employment status. If you do not have any |
| benefit of. This means that you will not be benefited | | | | savings or asset to bank on, then you must consider |
| from this cover if you are self employed as there is no | | | | this insurance so that you don't default on your loan |
| question of redundancy in your case. | | | | payments. |
| It will also not cover those policy holders who are on | | | | |