| - | Cover available for the amount of your loan plus up
to an additional 25% for other monthly commitments. |
| - | Maximum benefit available is £1500 per month or 75% of your normal monthly income(whichever is the lower).
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| - | Maximum Benefit Period - 12 months.
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| - | The first months' benefit is paid after a minimum of 30 days for Accident, Sickness (Disability) and Involuntary Unemployment
and is subject to the cover you have selected
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| - | The first months' benefit is paid after a minimum of 7days for Hospitalisation
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| - | The first months' benefit is paid after a minimum of 60 days for Carer Cover, at which time you will receive two months benefit
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| - | All claims paid on a daily basis, monthly in arrears.
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| - |
There is a 3 month re-qualification period after each claim
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| - | The risks are underwritten by Brit Insurance Limited in respect of disability and unemployment, and Sterling Life Limited
in respect of Life and Terminal Illness.
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Eligibility criteria
The cover is available to UK residents provided you are:
| - | Over 18 years and under the statutory retirement age and Wage earning, salaried, self-employed or on contract
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| - | In continuous employment for at least 6 months and permanently employed for 16 hours or more per week
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| - | In good health and not absent from work through illness or injury and resident in the United Kingdom
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ARE THERE CIRCUMSTANCES WHEN THIS POLICY MAY NOT MEET YOUR DEMANDS AND NEEDS?
The cover will cease
| - | Cover will cease when you reach the statutory retirement age or your normal retirement age whichever is the sooner
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| - | When you cease to be a resident of the UK
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| - | When you stop making payments
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The cover excludes
In common with all similar protection policies, cover does not extend to the following:
| - | Any condition or disease which was known at the start date or for which you have received treatment or advice during the 12 months before the start date.
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| - | Temporary or seasonal unemployment or expiry of non-renewable or fixed term contract.
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| - | Impending or voluntary unemployment or early retirement.
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| - | Dismissal due to misconduct or breach of contract
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| - |
Disability due to stress, nervous disorder or backache unless
a consultant certifies the condition solely prevents you from working.
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| - |
Self inflicted injuries, attempted suicide or
treatment that is not medically necessary, including cosmetic surgery.
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| - |
Aids or HIV, Self inflicted injury, drug or alcohol abuse.
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| - | Pregnancy, unless a medical complication occurs.
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| - | Periods of claims whilst outside the UK for a period of more than 90 days.
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| - | Claims for unemployment that occur within 90 days of the start date of cover.
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| - |
Claims for diagnosis of Terminal Illness that occur within 90 days of the start date of cover.
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Important! Please read the policy documents carefully to ensure all the details are correct and that you meet the eligibility criteria. Keep them in a safe place with all your other documents, as it will be needed should you have to make a claim in the future.
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