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Sub-category: | Disability |
Product profile
Description
Pays a lump sum in the event of you being disabled due to accident or illness.
Adding extra Disability Cover to the plan can provide added reassurance because it increases the number of disabling conditions and severities covered, in turn increasing the likelihood of multiple claims being paid under the plan.
Disability Cover is a standalone benefit and will not be affected by claims under Life and or Serious Illness benefits.
Only available if serious illness cover and/or life cover is taken
For
Aged 17 to 60
Maximum amount payable
Not covered
- Any disability not specified
Period of cover
Minimum term 10 years
- Maximum term 50 years reviewable premiums (30 years if guaranteed)
Benefits
- You choose the amount
Progressive claims are available, if the severity of disability increases.
There are some conditions where you can only claim once.
Options
3 levels of cover:
* Level 1: Pays out 100% of the Disability Cover.
* Level 2: Pays out either 50 or 100% of the Disability Cover, depending on severity of the disability
* Level 3: Pays either 50% or 100% of Cover, or 2.5% of the Disability Cover every 4 months if you have suffered a loss of 80%-100% of your income from your nominated occupation.
