What is an income protection plan?
As your family’s breadwinner, a loss of income due to illness or disability could be financially devastating. To protect you and your loved ones from this risk, an income protection plan is designed to provide you with a regular income if you are unable to work, either temporarily or permanently. The plan allows you to provide for your family and preserve your lifestyle.
Why should I subscribe to an income protection plan?
- It’s important if you are self-employed or a small business owner, as any downtime can be seriously affect your business.
- Very often family members or dependents rely on your income . Your incapacity to work will mean reduced income and the inability to repay existing debts.
To determine the income protection cover that best suits you, estimate the monthly income you will need to repay your loans and cover all your expenses.
Cover |
Rs 25,000 |
Rs 40,000 |
Rs 60,000 |
|---|---|---|---|
|
Age
* Indicative premiums per age group, valid until 30 June 2021. Our relationship executives will assist you with a personalised quote |
|||
|
25
|
Rs 420- Rs 530
|
Rs 555 - Rs 725
|
Rs 685 - Rs 940
|
|
30
|
Rs 475 - Rs 635
|
Rs 645 - Rs 895
|
Rs 830 - Rs 1,195
|
|
40
|
Rs 690 - Rs 970
|
Rs 990 - Rs 1,435
|
Rs 1,340 - Rs 1,995
|
|
50
|
Rs 1,065 - Rs 1,440
|
Rs 1580 - Rs 2,165
|
Rs 2,220 - Rs 3,090
|
|
54
|
Rs 1,210 - Rs 1,530
|
Rs 1,800 - Rs 2,320
|
Rs 2,545 - Rs 3,310
|
* Indicative premiums per age group, valid until 30 June 2021. Our relationship executives will assist you with a personalised quote
Benefits of MUA’s Income Protection Plan
- The plan will pay up to 75% of your pre-tax income for a set period of time;
- You are covered when you return to work or retirement age (65) in case of disability;
- Subscription until the age of 60;
- Affordable premiums from Rs 220 per month for Rs 25 000 cover
Protect your family and your lifestyle with MUA’s Income Protection Plan today.
