Are there waiting periods applicable to Income Protection?

A waiting period is a period of time during which the Life Insured is not covered and during which no benefit is payable, starting from the Policy Inception Date and which is applicable for Natural Death or Incapacity as a result of an illness. There is no waiting period for Accidental Death or Accidental Incapacity.

A Waiting Period of 6 months for Death due to Natural Causes, or Incapacity resulting from an illness applies to this Income Protection plan. If a Claim Event arises during the Waiting Period, the Claim will not be successful and will remain unsuccessful even after the expiry of the Waiting Period. In order to be covered, the Claim Event must arise for the first time in period after the waiting period has expired.