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Personal Sick Pay at a glance

We've put the main Personal Sick Pay features together in one handy place.

Feature

Personal Sick Pay

Budget Personal Sick Pay

Optional Waiver of premium

Type of pay out

Either weekly or monthly

Either weekly or monthly

Pays the plan premiums monthly after a waiting period

Premium

Guaranteed or reviewable and age-costed (price goes up with age)

Guaranteed or reviewable and age-costed (price goes up with age)

N/A

Level/inflation-linked

Either

Either

N/A

Term

Between five years and the maximum age

Between five years and the maximum age

Age 69 or the end of the plan term if earlier.

Minimum age at entry (next birthday)

17

17

17

Maximum age at entry (next birthday)

59

59

59

Maximum age at expiry (next birthday)

70

70

70

Minimum premium

£5 a month

£5 a month

Based on the total plan premium

Maximum claim period

Lasts until the earlier of:

  1. the policy end date
  2. your client dies
  3. your client gets better

Lasts until the earlier of:

  1. 24 months per claim
  2. the policy end date
  3. your client dies
  4. your client gets better

Lasts until the earlier of:

  1. the policy end date
  2. your client dies
  3. your client gets better

Waiting period

Day 1 (back to day one) and 1, 4, 8, 13, 26 or 52 week options

Day 1 (back to day one) and 1, 4, 8, 13, 26 or 52 week options

This will match the waiting period selected for Personal Sick Pay / Budget Personal Sick Pay. Minimum waiting period for waiver is 1 month (4 weeks), max is 6 months (26 weeks.)

Eligibility criteria

Your client must be:

  1. A UK resident for the last two years
  2. Registered with a GP for the last two years
  3. Employed or self-employed

Your client must be:

  1. A UK resident for the last two years
  2. Registered with a GP for the last two years
  3. Employed or self-employed

Your client must be:

  1. A permanent UK resident

Extras

  1. Career break option
  2. Back to work support
  3. £1,000 guarantee
  1. Career break option
  2. Back to work support
  3. £1,000 guarantee

N/A

Key Documents

Online Services

Risk Reality Calculator

Highlight to your clients why financial protection is important using industry statistics in our Risk Reality Calculator.

Launch the calculator

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Flexible Protection Plan

Why not add Life cover or Critical Illness to your client's plan for a wider protection portfolio?

More on Flexible Protection Plan

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Income Protection

Protect your clients' income if they can't work due to long term accident or sickness.

More on Income Protection

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Tools and Support

Outstanding day-to-day support and online services for you and your business.

Visit our Tools and Support

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Claims hub

Visit our Claims Hub to find out about our claims performance, customer stories and how to claim.

More about our claims hub

FOR UK FINANCIAL ADVISERS ONLY
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