Income Protection: When Does It Pay Out?

Once the insurer receives your claim, the process is fairly quick.

They investigate the claim and it may involve writing out to your GP to verify health details. Once the checks are done and the deferral period is over, the policyholder receives the benefit in the bank account regularly, until they are medically fit to join back work or until their chosen retirement age, whichever happens first.

Read more:

1. 1. How Much Does Income Protection Cost?
2. 2. Is Income Protection Benefit Paid, Subject to Taxes?
3. 3. How Helpful is Income Protection?