Income Protection Insurance Click to Call

Income Protection insurance aims to protect your income in the event that you become disabled or is unable to work due to illness or injury. This cover ensures a steady stream of income on a monthly basis of up to 75% of your current gross monthly income. The premium from this policy is tax deductible under Section 52 of the tax assessment act as an expenses incurred to provide a taxable income. Apart from the business owner, a business expense policy can also be included, covering business expenses such as:

income protection insurance

  • Rent
  • Electricity
  • Telephone
  • Legal fees
  • Accounting fees
  • Salaries
  • Other overheads