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    Protect Your Paycheque
    Even When Life Is Unpredictable

    Secure your family's financial future with income replacement insurance-so you're covered if illness or injury keeps you from working.

    Punjab Insurance offers flexible, affordable income replacement insurance options to help you maintain your lifestyle, even if you can't earn an income due to disability or serious illness.

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    What Is Income Replacement Insurance?

    Income replacement insurance (also known as income protection insurance) pays you a portion of your regular earnings if you're unable to work due to injury or illness. It's designed to help cover your bills, mortgage, and everyday expenses while you recover-so you can focus on your health, not your finances.

    • Replaces lost income if you can't work due to illness or injury
    • Helps protect your family's standard of living
    • Customizable coverage periods and benefit amounts

    Free Quote Online for Income Replacement Insurance

    Why Do You Need Income Protection?

    Life is unpredictable
    Life is unpredictable-accidents and illnesses can happen at any time
    disability than death before retirement
    Most Canadians are more likely to face a disability than death before retirement
    Your family could struggle without your paycheque
    If you're the main income earner, your family could struggle without your paycheque
    Recover without financial anxiety
    Income replacement insurance lets you recover without financial anxiety

    How Does It Work?

    Choose your coverage amount
    Choose your coverage amount (usually a percentage of your gross income)
    Select your benefit period
    Select your benefit period (how long payments last)
    Receive regular payments
    If you're unable to work, you'll receive regular payments to replace lost income

    What's Covered?

    • Disability from accidents or serious illness
    • Partial or total loss of income (depending on policy)
    • Flexible benefit periods and waiting periods
    • Exclusions may apply (e.g., self-inflicted injuries, war, criminal acts-ask your advisor for full details)

    Why Choose Punjab Insurance?

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    Access to Canada's top insurers and competitive quotes
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    Expert advisors to help you compare options and choose the right coverage
    Transparent advice
    Transparent advice on the pros and cons of each option

    FREQUENTLY ASKED QUESTIONS

    Frequently Asked Questions about
    Income Protection Plan

    Who should consider income replacement insurance?
    Anyone who relies on their income to support themselves or their family-especially sole earners, self-employed, or those without group disability benefits.
    How much income can I protect?
    Most plans cover up to 60-85% of your gross income. Our advisors will help you determine the right amount.
    How do I get started?
    Get a free quote or schedule a call with a licensed Punjab Insurance advisor for expert, personalized advice.
    View all Faq's
    Protect your paycheque when life takes an unexpected turn. Secure reliable monthly income to help cover everyday expenses and maintain your family's lifestyle, even if illness, injury, or disability prevents you from working.
    Disclaimer: Information on this page is for general guidance only and not a substitute for professional advice. Please consult a licensed Punjab Insurance advisor for personalized recommendations.