Protect that
incomeIncome protection to help employees
get back to earning a living.

What is Disability Income?

All working South Africans should have access to the reliable income protection benefits they need at a cost they can afford. Disability Income from Old Mutual does exactly that. It is a flexible, affordable income protection solution to help employees get back to earning a living.
What’s in it for you?
  • Flexible income protection at an affordable price
  • Delivers financial cover quickly
  • A choice of four Disability Income protection products
  • Your injured or temporarily disabled employees can focus on getting better without financial worries
Woman having lunchKey product offering

Disability Income is an innovative range of benefits that form part of Old Mutual's Group Assurance income protection offering. There are four Disability Income protection benefits solutions, namely: Full Term Income Protection, 5 Year Income Protection, 2 Year Income Protection, and 2-Tier Full Term Income Protection.

Full Term
  • The Disability Income Full Term Income Protection Benefit provides a monthly income benefit paid up to Normal Retirement Age as long as the claimant’s condition meets the definition of disability.
  • Customise the benefit to make it cost effective. This includes a choice of replacement ratios up to 75% for the member benefit and up to 27.5% for the Employer Waiver.
  • Yearly benefit increases up to inflation (CPI) can be added to make sure the benefit grows in line with inflation every year.
  • There is a choice of waiting periods, disability definitions and initial periods.
  • A Cash4LovedOnes benefit pays out a small cash lump sum if the claimant dies while receiving benefit payments.
Lady in formal wear walking5 year
  • With the 5 Year Income Protection Benefit payments continue for a maximum of five years (60 payments).
  • As the employer you can customise the benefit to make it cost effective (e.g. choice of replacement ratios and employer waivers in line with how the person’s salary is defined in the policy).
  • Yearly benefit increases up to inflation (CPI) can be added.
  • There is a choice of waiting periods, disability definitions and initial periods.
  • Later claims are allowed if the person has been back at work for at least 24 months before the next claim is made.
  • A Cash4LovedOnes benefit pays out a small cash lump sum if the claimant dies while receiving benefit payments.
People seen in glass building2 Year
  • This solution provides monthly income payments while a member is not able to work due to being ill, injured or disabled.
  • Payments are made for up to 24 months or until the person can return to work or reaches Normal Retirement Age (whichever occurs earlier).
  • Choose ‘Own Occupation with Own Employer’ definition of disability which makes the benefit similar to extended sick leave.
  • Shorter payment periods can be chosen to make the benefit more affordable or align it with industry practices.
  • The waiting period can be as short as seven days for accidents and two weeks for illness.
  • Cash4LovedOnes benefit pays out a small lump sum if the claimant dies while receiving benefit payments.
2 Year2 Tier
  • This benefit pays a monthly income to employees who are not able to work because they are ill, injured or disabled.
  • The amount of the monthly payment is highest right after the disability or injury and then reduces over time.
  • The benefit is paid for as long as it takes the person to get well enough to return to work or reaches Normal Retirement Age (whichever occurs earlier).
  • You can customise the benefit to make it cost effective.
  • Yearly benefit increases up to inflation (CPI) can be added.
  • There is a choice of waiting periods, disability definitions and initial periods.
  • A Cash4LovedOnes benefit pays out a small cash lump sum if the claimant dies while receiving benefit payments.
2 TierWant to find out more about Disability Income?

Here are some answers to your questions.

    Please drop us a line if you're interested and we'll contact you directly.

    The Disability Income range includes various options - scaled benefit option and affordable benefit option - that can be used to make the benefits more affordable without reducing the quality of the income protection they offer.

    It offers your employees an easy, cost effective way to safeguard their finances if they are not able to work due to illness, injury or disability and it allows you, the employer, to reduce your financial risk.