You check what payment protection you need. This is called the monthly benefit. Think about the outgoings you have each month that you cannot avoid. Income payment protection allows you to cover any, so it is a loan payment protection, credit card payment protection and mortgage payment protection all in one and it also allows you to cover things like rent, school fees and household bills. Please note that British Insurance Income Payment Protection can cover a maximum monthly payment of £1,500 or 50% of your gross income, whichever is the lesser. If you just want to cover your mortgage, please check out our mortgage payment protection product, which can be cheaper.

You decide how long you would be able to cover these payments yourself should you lose your income, for instance with savings or because of redundancy payouts. This would be your waiting period, which is the period after which the monthly benefit would start if your claim is accepted. This income protection product allows you to choose a 30, 60, 90 or 180 days waiting period.

You decide which reasons for becoming unable to work you would like to cover. Most of our customers choose Unemployment, Accident and Sickness cover. But you can also choose just unemployment payment protection to cover redundancy or you having to quit your job to become a full time carer for a member of your immediate family. It is also possible to select accident and sickness cover only.

If you are unable to work and qualify for payments, the monthly benefit will be paid straight into your bank account, for a period of up to 12 months.

If you just want to cover your mortgage, please check out our Mortgage Payment Protection product, which can be a cheaper way to get payment protection cover.