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NatWest Income Protection

An accident or illness can strike at any time. You could be off work for weeks or months, unable to pay your bills or care for your family. Once your sick pay runs out, you might be left trying to get by on state benefits or on loans from family and friends. NatWest offers an Income Protection plan to help you maintain your standard of living, pay your mortgage and other bills, and prevent you from going into debt while you are off work.

NatWest's Income Protection Plan, provided by Norwich Union Healthcare Limited, is available to all residents of the UK, Channel Islands, and Isle of Man. In order to qualify you must be between the ages of 18 and 54 years when your policy is taken out.

Benefits of taking out an income protection policy through NatWest include income cover until you are fit to return to work, or until the plan ends, whichever comes first. Income you receive from the plan is tax free under the current UK tax rules, and you have the option of choosing the level of cover that best suits your needs and lifestyle. Cover can pay up to 60% of your current gross income in benefits, up to a maximum amount of 3,000 pounds per month. Benefits are linked to the Retail Prices Index for inflation tracking.

The plan is flexible, enabling you to decide how long you want the income to be paid when you are off work. Income can be paid until any age from 50 to 65 years. You also have the option of choosing when you would like your payments to begin after you leave work. Some exclusions and limitations apply.

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