Accident Sickness and Unemployment insurance covers you against losing your income through being unable to work due to sickness, accident or redundancy.

In the current climate of job uncertainty, knowing that you'll be able to keep up to date with your bills in the event of redundancy is one less thing to worry about, and having that peace of mind knowing that your family’s welfare and lifestyle can be maintained if you become unemployed due to job cuts, or simply through ill-health can be a weight of one's mind. 

So what does ASU insurance provide me with? 

ASU insurance is a time-limited insurance product that provides short term assistance by providing a monthly income in the event that you are temporarily unable to work. 

ASU cover usually starts a month after you stop work, and pays out for a limited period of 12 or 24 months, depending on the policy.

When considering ASU insurance, reading the small print is essential, as there are important differences between the various policies available. It is particularly important to understand what is not covered, and if you have had a particular health issue in the past you should be aware that it might be excluded for you.

This payment protection insurance is optional. There are other providers of Payment Protection Insurance and other products designed to protect you against loss of income. For impartial information about insurance, please visit the website at www.moneyadviceservice.org.uk

The typical cost for ASU cover is £8.20 per £100.00 monthly benefit. This is based on someone aged 35 and with a 30 day waiting period.