Products
Income Protection
How does it work?
If you are continuously absent from work due to illness or incapacity for a period exceeding 28 weeks, you may be eligible to receive an income of up to 50% of your salary, payable from the end of this 28 week period. Payment would continue for the duration of the illness or incapacity or until your Normal Retirement Date or death, whichever is the earlier. Please note that the payments will be reduced by the current Single Person's State Benefit.
Under SH Online Reward, you have the flexibility to increase the level of your cover up to 65% or 75% of your salary. If you increase your level of cover the additional cost will be deducted from your gross pay over a 12 month period.
Read before you buy
- If you choose not to increase your level of cover, you will still be eligible for Income Protection cover at 50% of your salary