Income Protection

Income protection insurance pays part of your lost income if you're unable to work because of a disability, caused by illness or injury. It can help pay the bills so you can focus on getting better.

Income protection insurance pays up to 85% of your pre-tax income for a specified time if you're unable to work due to partial or total disability. It is designed to replace the income based on your annual earnings in the 12 months prior to your illness or injury.

Each income protection policy has its own definition of partial or total disability that must be met before a claim is made. Check the insurer's website or the product disclosure statement (PDS) for the definition and any exclusions.

Earning wealth can be difficult. Preserving your wealth for long term use can be even more difficult.

Indian economy is one of the fastest growing economies in the world. History has shown that as and when the country progresses, interest rates starts falling.

Country	Interest Rates
United States	0.50%
Germany	0.00%
France	0.00%
Canada	0.50%
Australia	1.5%

Due to falling interest rates, one can longer depend on traditional investment options like bank fixed deposits and postal schemes. Hence it is very important to invest in the right place, so that your income remains protected for as long as you desire.