TAL Accelerated Protection Income Protection

The TAL Accelerated Protection Income Protection policy will provide the insured with a replacement income when a covered injury or sickness prevents them from working.

TAL’s Accelerated Protection Income Protection plan pays a replacement income to the insured when a covered illness or injury prevents him or her from working. The Income Protection Standard plan pays a monthly benefit that will replace up to 75% of the insured’s income for either a total or partial disability.

Additional features of the Income Protection policy can include:

• Inflation Protection Benefit - An annual automatic increase to the insured’s amount of cover that is in line with either the Consumer Price Index or 3% - whichever is greater - will be added to the sum insured. Note that this benefit increase will affect the policy’s premium.
• Concurrent Disability Benefit - If either a total or partial disability results from a separate illness or injury, then the benefit payments from the policy will be calculated according to the sickness or injury that would provide the insured with the higher payment.
• Recurrent Disability Benefit - If a disability recurs from the same or related cause within 12 months of a claim ending, then TAL will treat it as a continuation of the original disability claim. This essentially means that the insured will not be required to satisfy another waiting period.