Business Expenses Insurance Plan
The Business Expenses Insurance Plan is designed to keep the business or practice going while the insured is disabled due to injury or sickness.
At a glance:
- Monthly income up to 12 months upon total or partial disablement
- Cover up to 100% of business expenses
- AIDS cover
- Benefit Indexation
This benefit provides:
- A monthly benefit for up to 12 months upon total or partial disablement
- Initial cover up to 100% of business expenses
- AIDS cover
- A choice between a 14 day and a 30 day waiting period
- A 12 month benefit period
- A choice of stepped of level premiums
- Premium discount for monthly benefits of $3,000 or more
Entry Age - 16 years to 60 years next birthday (occupation category AAA, AA, A and B) or 16 years to 55 years next birthday (occupation category C and D)
Expiry Date - Premiums and cover cease at the latest policy anniversary prior to the life insured's 65 th birthday
Maximum sum insured - The maximum monthly benefit that can be purchased is 100% of covered expenses
Minimum Premium - $250 per annum per policy including the premium for all benefits chosen, the policy fee, any premium frequency charge and any stamp duty.
Important Note: This is a general representation of the product and is to be used as a guide only. For more detailed information on the product and for specific definitions and categories please refer to the product PDS.
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