Permanent Health Insurance

Permanent health insurance (PHI) provides cover so that you are paid a regular income if you are unable to work due to illness or disability. 

What is Permanent Health insurance?

If you have permanent health insurance, you will receive a regular income if you are unable to work due to ill health or disability. In order to receive payment, the illness or disability must last longer than the deferred period under the policy.  This means that there is an initial period of time which must pass, when you are suffering from an illness or disability so that you are unable to work, before the benefit will become payable.

Why PHI?

Nobody wants to think about the worse case scenario, but by having permanent health insurance, you are essentially protecting your income in the event of illness or disability. If you are unable to work for prolonged periods of time, this type of insurance can provide some financial support by means of a regular income. 


The option to have permanent health insurance, and indeed the cost of having it, is determined by a number of factors, most significantly, your occupation. Premium rates are arranged into different occupational groups with lower risk occupations paying lower premiums and higher risk occupations paying higher rates.

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