HSBC Business Protection Plan - Income Cover (5 Year)

Full product details for the HSBC Business Protection Plan - Income Cover (5 Year) income protection policy, including application criteria, policy details, cover, premiums & fees, claims and exclusions.

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HSBC Business Protection Plan - Income Cover (5 Year) Features & Benefits

Cover Type	income
Minimum Age	17 years
Maximum Age	59 years
Maximum % of Income Covered	75%
Maximum Annual Cover	£30,000
Minimum Monthly Premium	£1
Redundancy Cover	no
Hospitalisation Cover	no
Rehabilitation Cover	no
Guaranteed Premiums	level
Number of Exclusions	7

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Compare HSBC Business Protection Plan - Income Cover (5 Year) With These Income Protection Policies

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Minimum policy duration of 5 yrs is offered with the income protection policy.
Over max benefit pension income deducted.
You get 6 months relapse period from Bright Grey.
Get increase & decrease insurance alterations permitted from Bright Grey.

Bright Grey Personal Protection Menu

Customers get minimum policy duration of 5 years.
This income protection policy gives an over maximum benefit pension revenue deducted.
You get £16,800 max houseperson cover.
Houseperson career break is offered.
Get 6 months relapse time from Bright Grey.
Get increase & decrease insurance alterations permitted.

Holloway Friendly Classic Plus Plan

10 years minimum policy length is available.
Over maximum benefit pension earnings deducted is available with Classic Plus Plan.
6 months relapse period is offered.
You get increase & decrease benefit alterations permitted from the Classic Plus Plan.

British Friendly Society BFS Protect Policy

This income protection policy has an over maximum benefit pension earnings deducted.
You get 5 years minimum policy duration from British Friendly Society.
BFS Protect Policy offers a relapse period of 6 months.
Get increase & decrease protection alterations permitted.

Holloway Friendly Purely Income Protection Plan

6 months relapse time is available.
New customers get over max benefit pension earnings deducted.
Minimum policy length of 10 yrs is available to customers.
Increase & decrease protection alterations permitted.

Barclaycard Lifestyleplan U (BTDO)

Duration before first benefit of 15 days is available with this income protection policy.
£2,000 max monthly benefit is available with Lifestyleplan U (BTDO).
Lifestyleplan U (BTDO) gives age benefit ceases of 70 years.
Barclaycard gives life cover of £0.

Barclays Income Insurance U (30 days)

New customers can enjoy period before first benefit of 61 days.
Get a maximum monthly benefit of £2,000 from this Income Insurance U (30 days).
70 years age cover ceases is offered to you.
New customers will get £0 life benefit.

PG Mutual Income Protection Plan

This income protection policy has 5 yrs minimum policy term.
9 months relapse time is available.
Get increase & decrease benefit alterations permitted from PG Mutual.
Get over maximum benefit pension revenue deducted.

Application Criteria
Permanent UK Resident	yes	This product is only available to individuals who are permanent UK residents.
Minimum Age	17 years	The minimum age at entry is 17 attained.
Maximum Age	59 years	The maximum age at entry is 59 attained.
Maximum % of Income Covered	75%	Executive Income Protection For Executive Income Protection in the event of a claim the benefit paid (excluding any benefit for National Insurance and/or approved pension scheme contributions) will never exceed 75% of your director's or employee's gross taxable annual earnings in the 12 months immediately before the date of incapacity less the Employment and Support Allowance for a single person. We reserve the right to reduce/cease paying the benefit if you or the life insured is in receipt of other income such as benefits from any other accident/sickness policies, any other earnings from employment, or any ill health retirement pension that causes this limit to be exceeded. Business Loan Protection If the policy is to protect a business loan then the maximum monthly benefit is the amount of the monthly loan repayments at the date the policy was applied for. The total benefit is subject to the overall maximum benefit level for the policy. Keyperson Protection For Keyperson Protection the maximum monthly benefit is the amount calculated at the date the policy was applied for to be the monthly loss of profits on incapacity. The total benefit is subject to the overall maximum benefit level for the policy.
Maximum Annual Cover	£30,000	The maximum benefit per annum is £30,000.
Minimum Annual Cover	£600	The minimum benefit per annum is £600.