- High Level of Benefits
- Benefits as high as 60% of your monthly salary or USD 20,000 for Temporary Total Disablement, or 5 times your annual income or USD 500,000 for Permanent Total Disablement.
- No War & Terrorism Exclusions
- Have peace of mind with financial protection wherever you are, even in high-risk areas of the world.
- Broad Coverage
- Unlike most insurers, Clements covers both injury and illness, including those workplace-related. This policy is also open to all occupations, so that everyone can get the financial protection they need.
- Flexible Payment Options
- Variety of payment options available.
Income Protection insurance compensates individuals, who are no longer able to work.
Temporary Total Disablement (TTD) is a plan that allows those insured who become disabled due to injury or illness to receive up to 60% of their income, or USD 20,000 per month up to 120 months on a tax-free basis.
Permanent Total Disablement (PTD) insurance provides a maximum of 5 times annual salary, or USD 500,000 whichever is lower. Permanent disability is for individuals, who will never be able to do work of any kind due to illness to accident.
Anyone who works can qualify for Income Protection insurance. Age limits apply.
TTD can be purchased up to age 64. Benefit periods do decrease after age 60 with the maximum benefit period at age 63 being 12 months.
PTD is available to individuals under 62 years of age. The policy covers disabled individuals due to injury or illness.
Generally, benefits are calculated based on gross monthly income. You can choose coverage period and waiting period based on Income Protection insurance needs. With Temporary Total Disability insurance (TTD), you can receive up to 60% of income, or USD 20,000 per month up to 120 months on a tax-free basis. Permanent Total Disability (PTD) insurance provides a maximum of 5 times annual salary, or USD 500,000 whichever is lower.
Any condition for which a person would have or should have sought treatment for in the 30 months prior to the effective date of the policy is excluded.
The benefit period is determined on the type of disability insurance selected. For TTD policies, the benefit period can last as long as 120 consecutive months. PTD benefits are paid out as a lump sum.
Yes. This time period is referred to as the Elimination Period. The Elimination Period is defined as the time between the moment the insured sustains an eligible disability injury or illness, and the time the insured begins to receive benefits. The duration of an Elimination Period is determined by the insurance policy obtained.