Home / Personal Insurance / Family Income Protection Insurance

Family Income Protection Insurance

We all work hard to achieve our goals, and along with that, we strive to keep our family financially sound. However, insecurity will dominate you if you think for a second, “what if something happens to me, who will take care of my family?“. If you have a family income protection insurance, maybe you can get rid of this fear and live the moment peacefully. Family income protection insurance is part of our Personal Insurance policies that will help your family from financial troubles by providing a regular monthly income in case an unfortunate event happens to you.

Family Income Protection Insurance

How Family Income Protection Insurance works?

Family income protection insurance works by providing the beneficiaries with a regular income from the time of death of the insured to the end of the policy term. Usually, the income is tax-free, and the amount can be utilized for any purpose. The premiums are usually paid annually or monthly by direct debit. Critical illness plan can also be added to this policy as it would provide a regular income in case of serious illnesses.

Why would you need Family income protection Insurance?

This policy is apt for people with young families who wish to protect against loss of income provided by the parents. Hence, it can provide financial protection until the children become independent. The benefits usually include a death benefit and maturity benefit. The death benefit will be received for the nominee in case of death of the insured person. The nominee will receive a regular income for the benefit pay-out period. In case nothing happens to the policyholder, he/she would be eligible for maturity benefit. The terms of maturity benefit will vary depending upon the insurance provider.

Lenin Raphael
Lenin Raphael
2024-05-15
Just purchased my second car insurance policy from Ishan Ullah. Great Service. Proactive. Responsive. Highly Recommended! Looking forward to coming back to Ishan next year for my third policy. Thanks Ishan!
Zahid Iqbal Sheikh
Zahid Iqbal Sheikh
2024-05-02
I bought a car insurance from here and the experience was smooth. I was assisted by Mr. Prathvi Singh along the way. Despite a minor issue, he was able to handle the issuance properly with his responsiveness and proficiency. I truly appreciate their dedication to client satisfaction. Highly recommend!
sakthi kumar
sakthi kumar
2024-04-29
Good Followups & very friendly
Salman Ali Shahid
Salman Ali Shahid
2024-04-29
We have been dealing with petra for a very long time. A problem that occurred to our building. And Mr. Adrian was the person in charge who had to complete all the tasks. He has completed his required job and he has done an excellent work due to which we have ontained our refunds back from the insurance. And also the required approvals on timister. Adrian was well prompt office work and also was very. Quick and responding to all the corespondence Either through WhatsApp or email promptly, so the appreciation goes towards the good job done.
Sam Sadmi
Sam Sadmi
2024-03-13
Don’t know much about Petra but I know Hero as I dealt with him for many years. Also before he joined Petra. Very reliable and great service. So for me it’s about the people that you work with.
saji velayudhan
saji velayudhan
2024-03-12
Recently I had purchased vehicle insurance policy through Petra insurance broker LLC. My insurance advisor Mr. HERO BULACAN really put his maximum effort for my requirements and assisted in getting an optimum policy. It is worth mentioning that I was also approached other brokers, but unable to get a good deal. Mr. Hero is very transparent and prompt in response. Getting an agency repair within your budget is a challenging task which Mr. Hero has done it in a systematic manner. Thanks for that.
Sonya Coates
Sonya Coates
2024-03-12
Hero is, absolutely amazing he has been my broker for years I have followed him everywhere. Highly recommend him and his new company Petra. Thanks Hero you really are our family hero ha ha
Mohannad Alkhofash
Mohannad Alkhofash
2024-03-11
Excellent experience with Petra Insurance Broker! Their service is top-notch, and the website is user-friendly. Special thanks to Prathvi for making the process smooth and being incredibly helpful.
Natasha Wanda Noval
Natasha Wanda Noval
2024-03-09
This is to express my sincere gratitude for the exceptional service we received during our recent motor insurance renewal. I would like to specifically thank Nishad and Prathvi for going above and beyond to assist us even if it’s weekend. Their willingness to help made the renewal process smooth, efficient and just be on time of our renewal date. Thank you once again for the outstanding customer service.

Compare insurance quotes and find a policy today.

For more informations
Call us: 800 - PETRA