The following information gives clear and transparent responses to frequently asked questions.
How much salary can I insure?
You can insure up to 75% of your gross annual earnings up to a maximum of £90,000, $144,000, €144,000 or AED 528,000. If you are self-employed, your accountant will need to confirm your average annual earnings.
What if I receive part of my salary as commission?
We will take into account 50% of your commission earnings over the previous 12 months when we assess your pre-disability earnings.
Do I need a medical?
Once we receive your application we will advise you. If you do need a medical, we will refund your costs up to a maximum of £325 or $520, €520 or AED1,909 once your plan is in force.
What’s a deferment period?
The waiting period during which no benefit is paid. If you think that you would be able to financially cope for six months without income replacement, opting for a 6 month deferment period would reduce your premiums. If, however, you and your family depend solely on your income, then choose our 3 month option.
How do I make a claim?
You can claim if your illness or injury renders you totally unable to carry out your pre-disability occupation and is likely to keep you off work for a period longer than your chosen deferment period. To make a claim, all you have to do is contact us for a claim form and return the completed form. We will contact your doctor for a more detailed medical report. Once we have all details of your disability, your pre-disability earnings and any other income you are likely to receive, we will commence your monthly benefit payments after your deferment period has expired.
How long can I claim for?
For up to 24 months, as long as you remain totally unable to return to your pre-disability occupation, and you are not following any other occupation.
What if I recover significantly to return to work part-time?
If you return to your own occupation on a part-time basis in the first 24 months of claiming benefit, you may be able to claim rehabilitation benefit. The benefit you receive will be reduced by the amount of your part time earnings. You can claim rehabilitation benefit for up to 6 months, until you are fit enough to return to work on a full time basis, or until you have been in receipt of benefit for 24 months, if sooner.
What happens to my benefit after I have been claiming for 24 months?
After 24 months, you will undergo a medical examination to determine if you are fit enough to return to any occupation for which you are suitably matched by way of training or experience. If you are able to return to work, even if it is part-time or to a lower salary, your benefit payments will cease. If, however, you are not able to return to ANY occupation, we will continue to pay benefit until you reach age 65 or die, whichever is sooner.
What happens if I suffer a relapse?
Should you suffer a relapse within 6 months of returning to work, there will be no need for you to go through another deferment period. After six months, you will need to wait for your deferment period to expire upon which benefit payment can continue.
Find out about the Key Facts and exclusions of the Global Income Protection plan.