Income Protection Insurance
Specially designed for tax exemption
FINANCIAL SECURITY IN MOMENTS OF UNCERTAINTY
INCOME PROTECTION INSURANCE FOR ILLNESS OR ACCIDENT
WHAT DO WE MEAN BY THIS SPECIFIC BENEFIT?
The income from our work is the most important factor that determines the quality of our life.
Income Protection Insurance is a benefit specially designed to guarantee up to 70% of our income due to absence from work for up to 24 months, which can come from either illness or accident.
STATISTICS
According to the European Health Survey for Cyprus (2008) carried out by the Statistical Service, in Cyprus more than 20,000 people are hospitalized due to accidents, while in addition more than 600 serious car accidents and 2,000 work accidents occur every year.
Furthermore, over 75,000 people are admitted for treatment each year in clinics or hospitals due to health problems.
IS THIS SUITABLE FOR ME?
Before deciding whether this particular benefit is for you, answer the following questions:
- Does your quality and standard of living depend on your income?
- Can you supplement your income if you are unable to work?
- Would the state benefits be enough for you in such a case?
If you answered YES to the first question and NO to questions 2 and 3, then this benefit is definitely for you.
Contact Mr. Charalambos Agathaggelou and learn everything you need to know about our competitive & affordable packages.
IF I BUY THIS BENEFIT, WHAT WILL BE THE MONTHLY PAYMENT I WILL RECEIVE FROM PRIME?
The maximum payment does not exceed €85 for every €1,000 of basic insurance and 70% of income. In addition, the maximum payment is defined by the table below:
| AGE | CATEGORY A&B | CATEGORY C&D |
|---|---|---|
| 18-25 | €1.000 | €850 |
| 26-60 | €3.000 | €2.000 |
HOW MUCH WILL I PAY?
Income Insurance is offered with five options, according to the waiting period chosen by the Insured for Sickness and Accident .
INDICATIVE MONTHLY INSURANCE FEES* for provision of €1,000 per month to a 30-year-old Insured.
| Monthly fees | A | B | C | D |
|---|---|---|---|---|
| Wait period (days) | Profession Category | |||
| 30 Accident / 30 Illness | €9.84 | €11.26 | €14.61 | €17.50 |
| 7 Accident / 30 Illness | €13.62 | €16.93 | 23.01 | €30.10 |
| 7 Accident / 7 Illness | €19.14 | €22.05 | €23.01 | €34.30 |
| 1 Accident / 30 Illness | €17.40 | €22.60 | €32.11 | €43.40 |
| 1 Accident / 7 Illness | €22.92 | €27.72 | €37.89 | €47.60 |
* The fees in your case are determined by the insurance proposal. Contract right not included.
WHAT DOES THAT BENEFIT OFFER TO ME?
- The certainty that if I fall ill or have an accident, my family will not have to face an additional financial burden for a period of up to 24 months, since I will be able to deal with my obligations effectively and without depending on anyone.
- I can adjust the amount of the insurance fees I will pay, depending on my financial capabilities.
- Combined with other benefits offered by Prime I can ensure that whatever happens to me I will at least have settled the financial burden that usually accompanies an accident or illness.
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