One advantage of this is that it could help you cut down on the expenses incurred from paying premiums for income protection insurance. The policyholder must be yourself, and the insurance plan should be under your name. You have the option to pay the premiums directly to the insurance provider or receive a reimbursement for the payments you made. Depending on your preference, you may choose to make a single payment or regular payments to cover the cost of this insurance.

How to claim?