South Africa has one of the highest road accident rates in the world, with approximately 12,500 road fatalities annually and thousands more suffering serious injuries. The financial consequences of a severe accident can be just as devastating as the physical impact.

This April, in support of Road Safety Awareness, it is important to highlight the role of Income Protection and Disability Cover in securing financial stability for individuals affected by road accidents.

The Financial Toll of a Road Accident

A serious accident can result in:

• Loss of income due to temporary or permanent disability
• Expensive medical bills for surgeries, rehabilitation, and therapy
• Long-term lifestyle adjustments, such as mobility aids and home modifications

Without proper financial protection, an accident can jeopardise financial security, especially for those who are the primary earners in their households.

Income Protection Cover – Your Financial Lifeline

Income Protection Cover ensures that if an individual is unable to work due to a car accident, they receive a monthly payout to cover:

• Daily living expenses, including food, transport, and household bills
• Loan and bond repayments
• Medical aid premiums and rehabilitation costs

Without this cover, individuals recovering from accident-related injuries often deplete their savings rapidly.