Your future is one of the biggest assets. If you are unable to work and therefore cannot earn an income, your family’s life could be jeopardised. Income protection helps you to be able to take care of them financially, regardless of what life event negatively impacts your income.
Our income protection provides you with a reliable monthly income whilst you are seeking employment elsewhere. This product is designed to replace the income that you lose as a result of company being liquidated, dismissal, retrenchment and maternity leave. We do not ask for any reason/s as to why your employment was terminated, if you have served your waiting period you will be eligible for your non-taxable payout. The waiting period is eight months and you will be paid 50% of your basic salary for a period of 5 months. As for women in the event of being at home due to maternity leave they will receive payment for a period two months. Our product is mainly targeted at low and middle-income earners as they are the mostly affected.