Income Protection Plan

BankAffinity’s Free Personal Accident Protection Plan Income Protection Plan provides valuable replacement income for members living permanently in the United Kingdom including Jersey, Guernsey and the Isle of Man and unable to work because of sickness or disability. 

In most cases the level of cover provided will be not less than 25% of your net basic pay excluding overtime, shift pay and any other allowances up to maximum of £500 a month. Once you are unable to work because of sickness or disability and you cease to be paid in full by your employer, a Deferral Period begins before benefit is paid. The minimum Deferral Period is 6 months’ continuous absence.

Membership of the Income Protection Plan is free to all current members of the Union in employment, except pensioner members. To effect cover under the Plan you must pre-register. Under no circumstances will claims be accepted from members who have not registered and received written confirmation of cover. If you suffer from any medical conditions at the date on which your cover is confirmed, these will be excluded from cover.

Detailed terms and conditions apply.

(Please click here to see the rules for the Union’s Free Benefits Scheme.)