Financial Services > Income lnsurance > Income Protection Insurance > Benefit levels & illness exclusions
An income protection policy aims to provide sufficient income to replace any earnings lost as a result of sickness or injury and without reducing your financial incentive to return to work.
All policies set a maximum income insurance benefit limit, which basically means the maximum level you are allowed to insure of between 50% and 60% of your gross salary (before tax), plus state benefits. Successful claims are paid out by the insurance policy as a tax-free income.
There are some illnesses that an income insurance policy will not cover.
These include:
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