This type of insurance provides a lump sum payment to a
beneficiary, third party or an Estate in the event of your death. It would also be normal for all or part of
the benefit to be paid should you be diagnosed as terminally ill.
Total & Permanent Disablement
This type of insurance provides a
lump sum payment if you become totally & permanently disabled. The meaning
of total & permanent disability is defined in each policy document. Some
occupations have an option as to which meaning of total & permanent
disability can be insured. The benefit is normally provided as an advance
payment of a death benefit or on a stand-alone basis.
This type of insurance provides a lump sum payment in
the event of you being diagnosed with one of a specified range of critical
illness or injuries. The list of conditions covered is often optional, and
varies between companies, as do the definitions of those conditions. The
benefit can be provided as either an advance payment of a death benefit or on a
This type of insurance provides you with a regular
source of income should you be unable to work for a period due to sickness or
injury. You can generally insure for up to 75% of your normal income and there are
a number of options available relating to waiting periods and benefit periods.
Business Overheads This is a specialised form of risk insurance
designed for people who are self employed or in a partnership. It provides for
a regular payment to cover the fixed costs of running the business should you
be unable to work for a period due to sickness or injury.