Disability Income Cover
Uncapped inflation protection on disability income cover is cover that keeps pace with inflation.
Key features:
Our Disability Income solutions now allow the employer to choose an escalation option for disability income claimants that meets their specific needs and that is affordable.
The range of escalation options has been extended as follows:
- Benefits that increase in line with inflation, without being capped, so cover will not be eroded by the cost of living.
- Benefits that have a minimum floor to protect against periods of very low inflation, e.g. CPI measured
0.2% p.a. in January and April 2004. - Fixed escalations of 3% or 5% to allow easier planning for claimants.
- Benefits that escalate in line with inflation, but are capped at a level consistent with the clients’ needs.
Contact Details
If you require more information, please contact one of our Group Assurance Consultants.