Employee benefits
Income replacement
Pays a monthly income to employees who cannot work because of illness or injury.
Income replacement, also called permanent health insurance, pays a monthly benefit to an employee who is off work for a long period because of illness or injury. Payments start after a waiting period and can continue until recovery or retirement.
It protects the employee's household and takes a difficult cost off the employer.
Who it's for
- Employers who want to support staff through long-term illness
- Organisations with sick leave policies that run out quickly
What it covers
- A monthly income, usually a percentage of salary
- Payments until recovery, retirement or the end of the benefit term
- Rehabilitation support to help employees return to work
Cover, limits and exclusions differ between insurers and policies. We explain the exact terms of any policy before you buy.
Related cover
Often arranged together
Talk to a broker who works for you, not the insurer.
Tell us what you need covered. We compare the market and come back with clear options.