Income protection insurance: a safety net even for non-workplace accidents
Tom doesn’t have specific coverage for accidents outside the workplace. Fortunately, he has an Income Protection plan through his employer, entitling him to a replacement income. With this coverage, he gets a sweetener in his bank account every month on top of his statutory incapacity benefits.
While his DIY plans are on hold, Tom can focus his time and energy on his recovery, without having to worry about the potential strain on his finances.
Tom is an IT manager in the chemical sector. He earns a gross monthly salary of EUR 5,000. With his Income Protection plan, and after serving the one-month waiting period, he’ll receive an additional gross payment of EUR 2,2001, on top of his statutory benefits.
Tip: Want to find out if you’re also entitled to a replacement income through AG Employee Benefits if you’ve had an accident and are unable to work, and specifically if the injuries happened outside the workplace? Don’t hesitate and log in to MyAG Employee Benefits today, via your computer or app!
1for illustrative purposes only