Accident, sickness, and unemployment (ASU) cover is an insurance policy that provides financial support if you can’t work due to an accident, illness, or involuntary unemployment. It helps cover your living expenses during difficult times.

If you’re unable to work due to an accident, illness, or job loss, ASU cover pays a monthly benefit, typically up to 12 months or until you can return to work. The benefit amount is usually a percentage of your monthly income.

The amount of ASU cover depends on your financial needs, including living expenses, mortgage or rent payments, and other bills. A financial adviser can help determine the right level of cover for your situation.

The waiting period, or deferment period, is the time between when you stop working and when the insurance starts paying out. Common waiting periods range from 30 to 90 days. Choosing a shorter waiting period typically increases the premium.

Pre-existing conditions are generally not covered by ASU insurance. It’s important to disclose all medical history to the insurer when applying, as undisclosed conditions may result in a claim being denied.

ASU cover typically pays out for up to 12 months per claim. Some policies may offer longer payout periods, but these usually come with higher premiums. It’s important to check the specific terms of your policy.

The cost of ASU cover depends on factors such as your age, health, occupation, lifestyle, the amount of cover, and the length of the waiting period. Riskier occupations or health issues may result in higher premiums.

Yes, self-employed individuals can get ASU cover. However, proving loss of income might be more complex compared to employed individuals. Ensure your policy is tailored to cover self-employment situations.