Accident and Sickness Benefit is a policy that can provide replacement of 'top-up' income for short term illness or accident. The amount you will receive is decided upon at the time you take out the policy and can either be a cash sum or a regular income. It will depend on the severity of the illness and the likelihood of you returning to work.

One of the recognised problems with this type of insurance is that the policy is "Annually renewable" which means that the insurer does not need to renew your policy if they think it may be detrimental. An example of this is when a policyholder makes a claim for a Back injury and receives a benefit for a few months. At renewal, the policy could exclude any further payments related to back injury.

This type of policy is cheaper than "Income Protection" but is not as good.

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