Ensuring financial stability by providing a regular income if you’re unable to work due to illness or injury. This coverage helps you manage essential expenses like mortgage payments, bills, and daily living costs, reducing financial stress during difficult times. Astra Worldwide can help you with a tailored plan that can safeguard your lifestyle and focus on recovery without worrying about lost income.
Don’t let unexpected illness or injury put your income and financial stability at risk while you’re living and working abroad. Our Income Replacement Plan provides a steady monthly income, ensuring you can maintain your lifestyle, support your loved ones, and focus on your recovery without the added stress of financial uncertainty.
As an expatriate, unexpected illness or injury can disrupt your financial stability. While life and medical insurance offer protection, Income Replacement is often overlooked.
IRP (Income Replacement Plan) is your safety net, providing a monthly income if you’re unable to work due to illness or injury abroad. It’s not just insurance—it’s peace of mind for you and your future.
Consider this: If you couldn’t work due to a disability, how would you maintain your lifestyle, keep up with mortgage payments, or provide for your family?
IRP steps in to fill the void. It ensures that you have the financial support needed to focus on your recovery and continue your life abroad without added stress.
IRP is designed to be your constant companion, no matter where your expat journey takes you. Unlike similar plans from domestic insurers, IRP offers coverage for life, work, and travel abroad.
When you're unable to work for more than three months due to illness or injury, IRP provides you with a monthly replacement income. This financial lifeline keeps you afloat while you concentrate on your recovery.
If you're ready to return to work in a limited capacity, IRP adjusts your benefit to help offset any temporary reduction in your salary as you complete your recovery.
As the cost of goods and services rises each year, IRP increases your replacement income payments by 2% compound year-on-year, ensuring your financial security isn't eroded by inflation.
When you're unable to work for more than three months due to illness or injury, IRP provides you with a monthly replacement income. This financial lifeline keeps you afloat while you concentrate on your recovery.
Alan works for a chemical engineering firm, and his employer asks him to relocate permanently to North Africa. Alan thinks that the opportunity is too great to miss, plus the remuneration is very attractive. He decides to take it, moving his wife and two children with him and enrolling them in an international school.
A few years after his move, he was diagnosed with multiple sclerosis. Soon after, Alan is left unable to continue his employment, and, with his particular form of multiple sclerosis, he will never be able to work again. After his employer’s sick pay scheme ends, Alan would be left without any income to support his family or pay for his health insurance, which provides the private healthcare on which he relies for treatment of his condition.
With the Income Replacement Plan, Alan would receive a replacement income paid for several years—increasing by 2% compound each year—until his retirement age of 65 or death, whichever is soonest. With the safety net afforded by income protection, Alan can still afford his health insurance, pay the household bills, and support his family—even though he is unable to work.
Samantha moves from Britain to Australia with her two children to take on a new role as an administrator for a sports team. A few months later, she’s involved in a road traffic accident and suffers serious injuries to her arms. She undergoes emergency surgery and the doctors say she is unable to return to work for at least 10 months while she completes an extensive rehabilitation program.
With the Income Replacement Plan, Samantha would start receiving 80% of her pre-disability salary after her 3-month deferment period. It would be enough that Samantha wouldn’t have to worry about paying the bills for her and her family. She would be able to focus fully on her recovery, rehabilitation, and spending time with her children.
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Astra Worldwide company is registered and regulated by the Financial Services Commission in Mauritius, Authorisation No. AU19031893.
AstraAsia Group Ltd. is a representative company of Astra Worldwide (Mauritius) duly registered and fully compliant with the Philippines Securities & Exchange Commission | SEC License #FS202106732A
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