Income Cover provides regular monthly payments if you're unable to work due to illness or injury, helping you continue to meet your everyday living expenses while you recover.

Agreed Value and Indemnity Value are two different ways an Income Protection benefit can be structured.

Indemnity Value is a type of Income Protection policy where the monthly benefit is based on your income at the time you make a claim, subject to your policy's terms and conditions.

Agreed Value is a type of Income Protection policy where the monthly benefit is agreed when your policy is taken out, rather than being based solely on your income at the time of a claim.

Total Disability is the definition used by an insurance policy to determine when you're considered unable to work due to illness or injury and may be eligible to receive a benefit.

Partial Disability is a benefit available under some Income Protection and Mortgage Protection policies that provides financial support if you're able to return to work but your illness or injury has reduced your ability to earn your usual income.

The sum insured is the maximum amount your insurer will pay under your policy if a valid claim is approved.

A payment period is the maximum length of time your Income Protection or Mortgage Protection policy can continue paying benefits while you're unable to work due to illness or injury.

A wait period is the length of time you must be unable to work before your Income Protection or Mortgage Protection benefits begin to be paid.