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Get a Income Protection Quote online today!
If you are unable to work due to Illness, accident or injury- we can provide a plan that could replace your Income
GP’s and Locum GP’s
In most instances, if you are a GP, your practise agreement will state that you are on full pay, (if you were off work due to either, Illness, Accident or Sickness)- for up to a period of 12 months. At that point, it would be normal for your practise agreement to dissolve and your partners would ask you to leave the practise. However, there is often no formal agreement as to how long the Practice will cover your Income. This can lead to a tremendous amount of stress to all parties involved. In addition, there are no formal NHS sick pay arrangements for GP’s so it is vitally important that an Income Protection Policy is put in place to protect you.
How Does Income Protection Work
The plans are designed to provide you with a replacement Income once your NHS income stops. This income will continue until you either ‘return to work’ or ‘stop working’. The plans are generally arranged to cover you until your chosen retirement age, 60 or 65. Benefits are paid free of tax. There’s not normally a limit to the number of claims you can make throughout your career. Several Insurers, provide Income Protection cover for Doctors, ’Own Occupation’ cover definitions- (Own occupation i.e. a GP OR GP Locum, means that, if you are unable to do your own specific job) regardless of whether you could do another within the NHS, the policy will cover you. Premiums are ‘Guaranteed’ so your cost will not increase unless you choose to increase your cover. To help accommodate for any pay rises and inflation, you can choose for your income replacement level to rise every year, regardless of any changes in your state of health.
We recognizes that as a medical practitioner, there is a small risk of accidentally contracting HIV/AIDS. The plan we are recommending does not have a HIV/Aids exclusion for members of the medical & dental profession if they ‘contract the HIV infection accidentally whilst carrying out their normal duties’.
Applying For Cover
By clicking the button below, you will be able to apply for a quotation. Please follow the instructions to input your data. Please insert your current practise income when prompted and also insert the deferred period (the period the practise would pay you if you were off for a prolonged period- normally 52 weeks). If you are a Locum GP’ please insert the period that you would be able to manage without any income, i.e. 4 weeks, 12 weeks, 26 weeks etc.
Please note: This cover is not LOCUM COVER
Medical & Professional Providing Financial Peace of Mind throughout your career.