With insurance against loss of earning capacity, you will receive a regular monthly income to replace some of your salary if you suddenly become unable to work. Your family will thus be financially secure as you can still afford to pay your bills during the period of your illness or injury.
Advantages of insurance against loss of earning capacity
- Regular monthly income
- Income tax relief on contributions
- Possible exemption from contributions into the pension scheme (waiver of premium) after a certain period of time