How Payment Protection Insurance Works

Income protection insurance offers the best value compared to other similar types of insurance, but can be quite complex to understand and longer to arrange than similar insurance products, such as payment protection insurance (see below).

Applicants have to be underwritten individually to begin with, which usually involves answering a detailed health questionnaire and being asked to undergo an independent medical examination with a local GP, if the underwriter requires further information from you or your doctor.

Underwriting

This detailed underwriting can lead to the whole process taking several weeks to complete and can also lead to exclusions for medical conditions that you have already suffered from being imposed.

Claims forms and benefits

Once you have completed the claim form, the company will check your eligibility for benefit. It may wish to obtain a medical report form your doctor or carry out an independent medical examination.

It will also assess the maximum benefit to which you are entitled and may ask you for proof of your income.

Critical Illness Cover

Critical Illness Cover

Protect your family should you become seriously ill or disabled.

Critical Illness Cover
Family Income Benefit

Family Income Benefit

Protect the family income with a family income benefit quote.

Family Income Benefit