Insurance

Archive for August, 2009

Accident and sickness are some of the commonly covered risks in most income protection and payment protection policies. Most covers also include unemployment but if a customer just wants to cover accident and sickness, that is possible too. Several insurers now also offer carer and hospitalization as part of their income protection covers and payment protection insurances.

Under the reform that is being considered, the government would stop paying sick pay and instead its employees would be opting to buy the income protection insurance. In other words, the employees will have to make a claim in their income protection policy and would be managed by the insurer rather than the government paying out of its coffers.