Covid-19 the main driver behind income protection purchases

Research from the 2020-21 UK Insurance Consumer Surveys found that over half of income protection policies were sold primarily due to the pandemic in 2021, up from 37.4% the year prior. Accident and sickness cover was the most purchased type of personal income protection policy in 2021 with a 44.6% purchase share, according to the research. Meanwhile, of all income protection products sold, 55.4% provided cover against redundancy in the form of unemployment insurance or comprehensive income protection.                 In addition to providing unemployment cover, comprehensive polic...