Income protection insurance and income disability insurance is a cover that you have that will secure your income in case you can’t work as a result of injury or illness.
An income protection insurance claim provides a funds stream if you are unable to work in the case of an injury or some illness. Under income disability insurance claim benefits are usually received on a monthly basis.
The policy that you hold will determine the actual period over which a benefit is paid. To that respect, in some policies you could be paid after a specified period of time. Some as short as 30 days, others may have a longer waiting period of up to two years. Once you have met the waiting period, the policy will then pay for a specified period of time or until you are fit to return to work.
Insurance companies have many policies and procedures to follow, especially with regard to claims. With our years of experience we can help you navigate the complexities of lodging an income protection insurance claim.
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