Secure Your Earnings
Disability Insurance
When you’re unable to work due to an illness or accident, disability insurance is here to help. It offers a tax-free monthly income, assisting you with your bills and expenses during tough times.
Understanding Disability Insurance
What is disability insurance?
Disability insurance provides essential financial support if you’re unable to work due to a disability. It acts as a financial buffer, covering your earnings during periods when you can’t earn an income due to illness or injury.
Why choose disability insurance?
1. Income security
Ensures you continue to receive a portion of your income when you’re unable to work, helping maintain your standard of living.
2. Coverage flexibility
Tailored to cover a percentage of your monthly income, disability insurance supports various needs, from mortgage payments to daily living expenses.
3. Benefit Duration
You have the freedom to choose who benefits from the insurance payout, ensuring that the funds are used according to your wishes, whether for paying off the mortgage or covering other essential expenses.
How much income can you get?
The following chart shows the maximum amount you could receive tax-free each month if you faced a disability. These are just estimates – the amount you’d actually receive depends on specific circumstances, like your age and occupation.
Annual Income
Maximum monthly benefit
Key Benefits of Disability Insurance
Unlike critical illness insurance, which provides a lump sum if you’re diagnosed with a specific serious illness, disability insurance offers continuous support, mimicking a salary. It’s particularly valuable for individuals who might face long recovery periods from illnesses or injuries that prevent them from working.
Financial Independance
Helps you stay financially independent and meet your financial responsibilities without depleting savings.
Adaptability
Supports recovery by relieving financial stress, allowing you to focus on getting better without worrying about finances.
Family Protection
Protects your family’s financial future by providing necessary funds during your recovery period.
Safeguard Your Future Earnings
Choosing the right disability insurance policy involves understanding the extent of coverage, the benefit period, and how soon you can start receiving benefits after you’re disabled. It’s essential to tailor your disability insurance to your career, lifestyle, and financial needs to ensure you have adequate protection.