Please note that this is provided as an
overview. It is important that you read the eligibility you are
presented with when completing an application.
Your age is between 18 and 64
To get cover under this insurance, you have to
be over 18 and under 64. If you are close to 65, cover will
automatically terminate when you reach the age of 65 and any
benefit payable under the policy will terminate when you reach
the age of 65 if it has not terminated before that date.
If you have reached the statutory retirement age, your
application may be declined.
You are living and working in the UK
It is a condition that you are permanently
living and in paid employment in the UK for at least 16 hours per
week and eligible to register as unemployed.
Your work is permanent
You cannot apply for this income
protection insurance if your work is temporary (including
agency work), casual, seasonal, irregular, a period of
training/apprenticeship or for a specific task.
You have worked for the last six
You can apply for this income
protection insurance if you have worked
continuously for the past six months.
Maximum insured benefit
The sum insured under this policy and any other
similar insurance policies must not exceed 50% of your monthly
earned income before tax. If you exceed this limit benefit will be
You may not be covered for any accident or
sickness that occurred before the start date of my policy, and that
recurs after you have bought it. Check out the policy wording,
which is available throughout the application process
If you are a contract worker (as defined by this
insurance) please read the contract worker section in the policy
wording, which is available throughout the application process,
carefully. The underwriters require contracts to be of a minimum
set length and/or to have been renewed at least once. Furthermore
unemployment will not be covered beyond the date the contract would
have otherwise expired naturally and non renewal of a fixed term
contract will not be covered unless specific conditions of the
policy are met.
If you are self-employed (as defined by the
policy wordings for your selected insurance) please read the
self-employed section in the policy wording, which is available
throughout the application process, carefully. There are additional
requirements you will need to meet to support a claim, including
having to involuntarily ceased to trade and advised HM Revenue and
Customs of this.
Initial exclusion period
There is a 120 day initial exclusion period for
unemployment or Carer Benefit. This means that you are not covered
for unemployment that arises from any programme of job losses, any
departmental or company re-structure, or merger with another
company, announced by your employer before the start date
of your policy, or within 120 days after the start date
of your policy. This may be waived if you are transferring
your cover from another provider.
Apply when your job is secure
You cannot apply if you are aware of impending
unemployment, whether or not you have received official
notification, or your employer has announced any job losses,
departmental or company restructure or merger with another
We calculate the cost of our Payment Protection
Insurance as a monthly cost for every £100 of monthly benefit. This
number explains how much this insurance costs you each month for
every £100 in benefit that you would receive each month if you made
a successful claim for accident, sickness or unemployment.
For example, if the number is £5 this means that for every £5
that you pay as a monthly premium, you will get £100 for each full
month that the claim lasts (after the waiting period on the
policy). This number can be used to make comparisons with the cost
of insurance from other providers. You should also compare the
cover offered and the way in which benefits are paid out.