Accident and income protection insurance

Fatawa Question

Salamo Alykoum I have two related questions please : I live in New Zealand First one is about ""income protection insurance"". This kind of insurance covers you in case of illness or disease that stops you from working permanently. it provides 80 % of your lost income until age 65. In New Zealand there is a social welfare system that provides support for people with no income for sickness or unemployment etc. the provide bare minimum finances. In case of myself the actual income is about three times the welfare financial support, which means significant drop and changes of my family life style. Second: similar insurance for accidents that provides lump sums payments in case of permanent disability as a result of an accident. I would really appreciate your advice, Jazakum Allah Khyra

Fatwa

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Publication Date

2007-05-07

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-784996

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