- Cover Highlights
Income Protection Insurance
Income Protection Insurance (ASU) provides tax free monthly benefits, should you lose your income through accident, sickness or unemployment. Use for any purpose to cover your living expenses including mortgage repayments. The benefits are paid monthly to a maximum of 12 months for any one claim. You are allowed multiple claims for the life of the policy. No medicals are required to take the policy.
With our Income Protection Insurance (ASU) policy you can:
- Protect up to 60% of your net monthly income to a maximum monthly benefit of £2000
- Add our Mortgage Protection to cover up to £4,000 per month: see Increase Benefit
- A choice of Back to Day 1 cover or 30 day excess
- A 12 month benefit period – multiple claims can be made for life of the policy
- Carer and Bereavement Cover included
- No specialist medical evidence required for back conditions
See below for more information
- Exclusion Period
Initial Exclusion Period
An initial exclusion period is the time you must wait from the start date of the policy before you can claim for unemployment (this does not apply to accident or sickness). Within that time you must not be notified of any impending unemployment even if your leaving date is after the exclusion period ends.
We offer an initial exclusion period of just 120 days from the start date of the policy. Equally importantly our underwriters criteria is that you must not be made personally aware, either verbally or in writing that your unemployment is pending. Many competitors are more general and this could seriously affect an unemployment claim.
- Am I Eligible
Am I Eligible
At Ant Insurance we want this policy to help you should you need to claim against it so it is important to fully understand your eligibility criteria and claiming criteria.
Understanding your eligibility to take out the cover and your eligibility to claim is paramount. We have therefore provided a check list of your eligibility and claims criteria that can be found via the link below. In addition we strongly advise all our customers that they should take 10 minutes or so to read and understand the Policy Terms and Conditions.
If you are able to print the Policy Terms and Conditions, we suggest you use a highlighter to emphasise any points requiring clarification and then telephone our Customer Services Department on 0845 888 6667 who will be pleased to answer any enquiries you may have.
- Easy Policy Transfer
Transfer your policy
If you have a current Income Payment Protection policy with another provider and intend to cancel that policy to buy Ant Insurance Income Payment Protection instead, you could be eligible for a waiver of the 120 day initial exclusion period for unemployment claims.
In order to be eligible for the waiver:
- You must have had your existing policy for at least 3 months
- You must not have cancelled your existing policy prior to the start date of our policy
- You must not have claimed against your existing policy within the past year
In the event of an unemployment claim within the first 120 days from the start date of our policy, your claim will be limited to the same policy terms and the amount of monthly benefit payable under your previous policy. Additionally we may contact either yourself or your previous underwriters to confirm the details above. Once the initial 120 day period has expired, your new cover amount will apply.
If you choose this option you should immediately cancel your existing cover on receipt of our Income Payment Protection Policy Schedule, which will be emailed to you immediately after your online submission; failure to do so may affect your cover.
- Increase Benefit
Maximise Monthly Benefit
We consider that Mortgage Protection and Income Protection are two different products and therefore you may have one of each to the maximum allowed. Many of our competitors do not recognise this and reduce your combined benefit amount to the maximum allowed for just one of the policies.
Increase your monthly benefit up to £4,000 per month
You can buy a Mortgage Protection and also an Income Protection Insurance (ASU) from Ant Insurance and because we consider each to be different types of cover you can insure up to the full amount allowed on each. Please note: You cannot buy two Income Protection policies or two Mortgage Protection policies from us.
Keeping your existing policy and buying a second policy from Ant Insurance
If you have a Mortgage Protection policy with another provider that you wish to keep, you can also buy an Income Payment Protection from Ant and insure up to the full amount on your Ant Insurance policy. You may not use your existing Mortgage Protection policy to waive the exclusion period on your new Ant Insurance policy. Note: Not all providers consider them to be two different policy types and, in the event of a claim, may reduce or decline your claim on your existing cover, so please check with your other provider before you buy from us.
- How To Apply
How To Apply
You can apply online and you will receive an instant automated email confirming your acceptance with your Policy Schedule, Policy Summary, Terms and Conditions and Statement of Demands and Needs. Your hard copy Policy Schedule will be sent to you by post along with the other documents, following your submission.
We use a 128-bit secure encryption through a secure socket layer which is the internet standard for the secure transmission of data.
If you are cancelling an existing policy to open one with Ant Insurance please ensure you cancel your old policy as soon as possible following acceptance by Ant Insurance. Failure to do so could affect any future claim.
You have a statutory right to cancel this policy within 30 days from the start date by writing to the administrator and any premium paid will be refunded. After that you may cancel without penalty giving 30 days notice.
Please note: If you have more than one payment protection policy of the same cover type (either two MPPI's or two IPPI's), either with us or another provider, the combined monthly benefit for each cover type must not exceed 50% gross monthly income for Mortgage Protection, or 60% net monthly income for Income Protection up to a maximum monthly benefit of £2000 on each. If the combined amount or percentages between our policy and another’s is greater than allowed, in the event of a claim, we will only be liable for our proportional share.
General Information
Policy Documents
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- Am I Eligible