Is this type of cover only for major illnesses?

After recently been off work due to a minor operation and my company only paying sick leave for a small period of the time I was off I decided to look in to if there was any kind of insurance where you could protect your earning of off work sick…

Do these income protection policies generally only cover major illnesses or if your off work for a certain period of time?

Would the policy cover someone who was signed off by a doctor with say a chest infection for 2 weeks?

Thanks

Question asked by Debbie Wright
Compare Top 10 UK
 Protection
Insurers
 
Takes approx. 60 seconds
Type of Policy
Income Required
per
month
Date of Birth
Loading your options...
Thank you for using our Quote Tool
If you need some help, just call us!
T: 02084327333
Our in-house Experts are here to provide FREE impartial advice!
Our Experts can answer all your questions
Our Experts can send you more appropriate options based on your personal circumstances

Very important if you are either Self-Employed or a Company Director.

Our online quote tool is good but our Experts are better

Oue Experts have access to far more insurers and can often find a better deal offline.

Saves you time, let our Experts do what they are best at

Answered by Andrew Jenkinson

 

Income Protection explained

Income protection insurance is not just for major illnesses, it will pay out for any illness or injury which prevents you from going to work and insurers do not have a list of conditions they cover for income protection.

The deferred period

There is a deferred period with income protection insurance which is usually a minimum of four weeks. This is the period of time for which you will have to be off sick before you receive payment. Therefore generally income protection is not intended to cover very short term illnesses.

However some insurers have deferred periods starting from one day where you only have to be off for four days before making a claim and the payment is back dated to day one.

Most people choose the deferred period to coincide with any occupational sick pay or savings. The longer the deferred period the cheaper the premiums.

An example of what you can claim for

For example if you were off with a chest infection for 2 weeks and your employer pays one week full sick pay then you could choose a deferred period of one week which would mean that you would get a payment from the insurer for the second week of sickness. Also you are able to make multiple claims on income protection policies.

Speak to an expert

It will help to talk through your options with an adviser, who will be able to make some recommendations based on your own circumstances. Please call us on 0208 432 7333 or get a quote online by completing the form below.

income protection
 
major illnesses
 
deferred period
 
This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
Compare Top 10 UK Insurers
  Takes approx. 60 seconds
 - 
Need help? 
Call us on 

Frequently Asked Income Protection Insurance Questions

 
I am currently looking for a good income insurance policy and would like some suggestions for the best...
 
What is the difference between income protection insurance and payment protection? Which type of cover...
 
I’m just about to take out some income cover but wondered if I can have two plans with two different...
Need Help? Live chat now and get an instant answer from our Experts...

Neil
Pensions

Victoria
Insurance
Our Latest Reviews
Matthew Draper
11/07/2018

Excellent service at convenient times of the day specified by me. All product options were clearly outlined and I am very pleased.

Paul Devine
10/07/2018

First class service. Helped me through the process from start to finish. Egle and Francis were very professional and talked me though all my options. Once the policies were set up, the after care after was also first class. Highly recommend. 5 stars all day long.

Josip Marjanovich
03/07/2018

Victoria was very helpful about selection of suitable insurance. She always answered all questions in a timely manner.

We are rated 4.9/5 based on 1512 independent client reviews.
To read more of our independent client reviews click here →
REVIEWS
EXCELLENT
4.93 / 5 Average
652 Reviews
Verified Buyer
Overall Rating
The whole process was a pleasure. Drewberry we're easy to deal with, polite, knowledgeable and helpful
Verified Buyer
Overall Rating
Very good, clear service would recommend to friends and family
Anon
Overall Rating
Sam Carr provided an efficient and professional service.
Verified Buyer
Overall Rating
Sam Carr provided a professional but enthusiastic service and helped make the whole process very straight forward. Goodness knows I have been through enough application forms recently. My insurance product was never going to be easy to find and I had been rejected on a number of other occasions through others ironically due to well managed common health conditions. I identified Drewberry in a last and disappointing trawl on th web to find someone that actually wanted to take on a difficult case like me. Some brokers wouldn't even consider me. When we applied for my first choice product Sam wasn't at all deterred by the long wait for my GP report or the final rejection that came back from the insurer, sadly I have become used to it. Within a day he had lined up the second choice and to my surprise he had hit the nail on the head and introduced me to the correct insurer and terms for my needs whilst nogotiating an excellent premium. I am extremely satisfied with what Sam has achieved for me and I would have no hesitation in recommending either him or Drewberry to friends, family and and business contacts. In the future, Drewberry will be my first point of contact. Many thanks!
Kym
Overall Rating
Tailored to my need and the staff gave very good service