Injuries caused by accidents are not the only cause of disability, sometimes disability occurs due to an ailment. Such a disability could be total or partial. It is total if you are completely put out of work and it is partial if it affects your ability to work part of the time. Whichever the case is, you can take advantage of the income protection – illness insurance to keep yourself protected at all times.
The most interesting thing about Edge’s disability insurance is that you remain protected even when you make a claim on your disability insurance but your premiums will be waived for the period of your disability. Partial disabilities will attract 50% of the benefit amount up to 180 days. The benefits paid are usually a percentage of your income. In other words, the amount of income you make and how you make it will determine your benefit.
What You Should Know about Edge Benefits Income Protection – Illness Coverage
The eligible age for this plan is between 18 and 64 (both inclusive) and the plan covers the insured up to age 70. This plan must be purchased alongside with the Loss of Income Injury coverage and the insurance amount should not exceed the Loss of Income Injury amount. You are also required to satisfy gateway questions as well as the required height and weight.