APRIL : Sovereign Income Assistance Plan

Product profile

Description 

If you are unable to work, you will still receive a regular income which can help provide for your family's needs.

For

• Aged 16 to  59
• Employees and the self employed

Maximum amount payable

• 60% of gross income

• Monthly income benefit £2500

Benefits

• You choose the amount

• Monthly income benefit

• Hospitalisation benefit

• Serious injury benefit

• Accidental death benefit

• 25% no claims cashback if no claims in 12 years

Not covered

• Chronic conditions

• Surgery or elective treatment

• Mental illness

• Stress

• Backache or whiplash - with no radiological evidence

   

   

Options

• 12 months or 24 months benefit
• Unemployment/ business failure
• Deferred period 14 days/30 days/13 weeks/26 weeks
• Index linked
• Partner /children
• Cover for non-earners

 
Last updated: 19 February 2010