Personal Sickness and Accident Insurance

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If you experience an accident or illness that prevents you from earning an income, Personal Sickness and Accident insurance can provide you with a weekly benefit to offset your lost income.

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This type of insurance is particularly important if you are a sole-trader or contractor and not covered by Workers Compensation insurance

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What can it cover?

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Personal Sickness and Accident Insurance can provide the following protection;

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• Loss of income as a result an injury  

• Loss of income as a result of an illness  

• Capital Benefit following accidental death

• Cover for Business expenses  

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Benefit periods of one, two and in some cases, three years can be chosen. Payment of weekly benefits under the policy cease once the end of your nominated benefit period is reached.

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What usually isn't covered?

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Generally there is a waiting period before benefits are paid. This can range from seven, fourteen or twenty-eight days and is selected when you commence the policy. Policies generally won't include cover for an injury or illness that is the result of: 

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• pre-existing conditions 

• Pregnancy and childbirth  

• An act which is intentional, criminal or caused by you. 

• alcohol or drugs 

• professional sports 

• Motor sports 

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Don’t wait until it’s too late – contact Think Insurance Solutions today. We can explain how the cover works, and help you decide the right level of protection for your individual needs.