What are you covered for?

Life protection pays out a cash lump sum if the life assured dies or is diagnosed with a terminal illness during the benefit term. However, we won’t pay out for a terminal illness diagnosed in the last year of the benefit term.

Critical illness protection pays out a lump sum if the life assured is diagnosed with a critical illness that meets one of our policy definitions and then survives for at least 14 days. We only cover the critical illnesses we define in our policy conditions and no others.

Life with critical illness protection pays out a lump sum if the life assured either dies or is diagnosed with a critical illness that meets one of our policy definitions. We only cover the critical illnesses defined in our policy conditions and no others. For level life protection we also offer joint life second event cover. This is a form of life protection where there are two lives assured and we only pay out if, after the death of one of those covered, the other also dies or is diagnosed with a terminal illness during the benefit term.

For reducing life protection and reducing life with critical illness protection, the amount that we'd pay out on a claim reduces each month over the term in the same way that a capital and interest loan would reduce if it was repayable over the term at a yearly loan interest rate of 10%. It'll never pay out more than the original benefit amount.

You can find a full list of the critical illnesses we cover in our Definitions guide.

If an accident or sickness stops you from working, income protection pays a regular benefit amount if you become unable to work and so lose earnings or net profits.

More information is included in our Understanding Claims guide.

Waiver of premium covers the cost of your premiums if you’re unable to work for the same reasons as income protection.

You can choose to add this benefit to any of the main benefits, with the exception of key person income protection and executive income protection. We’ll pay you this benefit if the life assured is unable to do their own occupation, any occupation or a number of activities of daily living, depending on the definition of incapacity as shown in your policy schedule because of total and permanent disability. However, we won’t pay where the total and permanent disability has resulted from or is directly related to alcohol or drug abuse.