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INCOME PROTECTION Most of us depend on our income for our living. To earn that income, we have to be healthy. However accidents happen, and people do get sick. That’s why the Income Protection Plan Policy has been designed to provide you with a monthly earning in case of temporary or permanent disablement due to ill-health or accident before retirement date. What are your chances of becoming disabled for a period of more than 90 days before you reach the age of 65? And if your disability did last 90 days, what would the average length of your disability be? The following table shows your chances of being disabled more than 90 days, and the average duration of your disability if it does indeed exceed 90 days. It Could Happen To You! Your Age Risks of Being Disabled (past 90 days) Average Duration of Disability (past 90 days) 25 58% 1.2 years 30 54% 2.5 years 35 50% 2.8 years 40 45% 3.1 years 45 40% 3.2 years 50 30% 3.1 years 55 25% 2.6 years 60 14% 1.6 years Source: Commissioner's IDA Morbidity and Commissioner's SO Mortality Tables, Society of Actuaries. IPP Advantages • “Basic monthly earning” Increase Option is available to keep up with inflation. • In case of death before retirement date, part of premiums paid with interest will be refunded. • A tax free lump sum is payable at retirement date. Notes 1. The Income Protection Plan pays a disability income for a maximum of 75% of your salary, subject to a certain limit, in case you are unable to work following an accident or illness. 2. The disability income payment is subject to a waiting period (3,6, 12 or 24 months). The payment shall commence at the end of the month following the expiry of the waiting period and shall terminate on your ceasing to be disabled, reaching retirement age or if death occurs, whichever happens first. 3. The retirement age is either 60 or 65. 4. An inflation fighter option of 5% or 10% is available to increase your benefit during the term of the policy. 5. The premium in respect of this policy will depend on the options selected and also on the nature of your profession.

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