Income protection insurance is an insurance policy for your wage. If you can't work and suffer a loss of earnings due to illness or injury, your income protection policy will pay an agreed proportion of your income to help support you financially whilst you can't work.
Income Protection offers you a valuable safety net to help maintain your lifestyle and financial commitments. Finding yourself unable to work can be disastrous; without sick pay many people are forced to use their savings or borrow from family to support themselves. This leaves you without your hard-earned savings and is only a short-term solution. With income protection, you can relax and focus on getting well again.