Driver, Tania (2023) What is income protection insurance – and how’s it different to total and permanent disability insurance? The Conversation.

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Abstract

Many of us have car insurance, home insurance and health insurance. But what about income protection insurance?

Having income protection insurance means that if you get sick or injured and can’t work, you’ll still get paid. The insurance company will cover a portion of your earnings, so you can still pay everyday living expenses and bills.

But how exactly does income protection insurance work, and how’s it different to total and permanent disability insurance (sometimes shortened to TPD)?

Here’s what you need to know.

Research Statement

Research Background	Article about income protection and how it compares to total and permanent disability.
Research Contribution	Increases the awareness and importance among the general public about about personal insurance.
Research Significance	Increases the awareness and importance among the general public about about personal insurance. It is important to increase the awareness, importance and understanding as it may lead to more people obtaining personal insurance and therefore decreasing financial burden in a time of need and decrease the reliance on government payments.
Item ID:	77438
Item Type:	Article (Commentary)
ISSN:	2201-5639
Copyright Information:	Creative Commons license 4.0 Attribution, No derivatives. We believe in the free flow of information. We use a Creative Commons Attribution No Derivatives license, so you can republish our articles for free, online or in print.
Date Deposited:	14 Feb 2023 04:50
FoR Codes:	35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350208 Investment and risk management @ 100%
SEO Codes:	11 COMMERCIAL SERVICES AND TOURISM > 1102 Financial services > 110299 Financial services not elsewhere classified @ 100%
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