• Covers a set number of years, known as term insurance (usually 10 to 25 years).

• Designed to meet financial commitments in case of death, often aligned with the term of a mortgage or loan.

• Frequently chosen by families to cover the period while children are growing up.

• No guaranteed payout if you outlive the policy term, but it provides peace of mind and financial protection.

• Provides cover until you pass away, offering lifelong protection.

• More expensive due to the longer term coverage.

• Pays a lump sum upon death, regardless of when it occurs.

• Also known as 'whole life' or 'whole of life' policies.

Mortgage payment protection policies cover your mortgage payments if you're unable to work due to sickness, an accident, or unemployment.

• Payouts typically begin 31 or 60 days after you are unable to work.

• Most policies provide coverage for up to one year.

This policy provides a tax-free monthly income if you are unable to work due to illness or injury.

• Pays 50-70% of your salary monthly until you can return to work or reach retirement age.

• You can choose the payout start date, ranging from one month to a year, with sooner payouts resulting in higher premiums.

• State benefits are limited, and few employers offer long-term illness support, making income protection essential for financial stability during tough times.

• Pays a tax-free lump sum if diagnosed with a major illness like cancer or heart disease. Coverage details vary by provider.

• Insurers may make partial payments for early-stage diagnoses of specified conditions, with the percentage varying by company.

• Many opt for combined life and critical illness cover, which pays out on either critical illness diagnosis or death, whichever occurs first.

• Combined policies are usually cheaper than separate ones, as only one lump sum is paid out.

• Provides a regular income to your family if you die, instead of a lump sum.

• Typically chosen by parents of young children.

• If a parent dies during the policy term, a regular income is paid for the remaining period. For example, a 20-year policy would pay out for 15 years if the parent dies five years into the term.

• Offers a straightforward way to ensure your family receives ongoing income if you pass away.

• Can include critical illness cover for a payout if a parent is diagnosed with a serious illness.

• Provides financial support if you are unable to work due to injury, illness, or involuntary job loss.

• Pays a predetermined percentage of your monthly income for up to 12 months after a waiting period of at least one month.

• Choosing a longer waiting period can reduce your premiums.

• Unlike mortgage payment protection, this cover is not limited to specific debt repayments.

• It includes unemployment cover, unlike standard income protection insurance.

• Provides faster access to diagnosis and treatment, covering costs of private medical care including consultants, specialists, treatment, surgery, hospital accommodation, and nursing.

• Choose your desired level of cover, which determines your premiums.

• Select the level of excess you're willing to pay; a higher excess generally lowers premiums.

• Insurers typically exclude cosmetic surgery, alcohol or drug-related illnesses, and pre-existing conditions from coverage.