Accident, Sickness & Redundancy Cover

Insurance for accident, sickness and redundancyWhy would you want accident, sickness & redundancy insurance

Income Protection should be considered if you would not be able to maintain your standard of living on State Benefits alone.

The rules governing sickness benefit claims have changed dramatically.

Many people mistakenly believe that, should they fall ill, have an accident or, lose the ability to continue to do the same job or earn the same wage, the State will step in and cover all their costs.

What is it

A policy that provides a tax-free monthly income if you are unable to work as a result of medium term sickness, incapacity or unemployment (normally 30 days or more).

Things to consider

This policy is similar to Permanent Health Insurance (PHI) with two main exceptions:
Unemployment cover can be included
The policy normally only pays out for a specific period (e.g. 1 or 2 years)
 
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